Berkshire Hills Bancorp Inc (NYSE: BHLB) – Time For Strategy Change?

Berkshire Hills Bancorp Inc (NYSE:BHLB) currently has a daily average trading volume of 522.79K but it saw 423159 shares traded in last market. With a market cap of 1.25B USD, the company’s current market price of $27.04 came rising about 2.04 while comparing to the previous closing price of $26.5. In past 52 weeks, the stock remained buoying in the range of price level as high as $32.36 and as low as $22.03.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Seaport Research Partners which upgraded the stock as “Buy” in its note to investors issued on December 17, 2024, recommending a price target of $39 for it. Janney downgraded its recommendation for the stock as a “Neutral” from “Buy” on July 22, 2024 while assigning a price target of $28. Hovde Group issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $28 and $31.

Over the week, BHLB’s stock price is moving 7.39% up while it is 8.03% when we observe its performance for the past one month. Year-to-date it is 18.65% up and over the past year, the stock is showing a downside performance of -4.89%.

Currently, Berkshire Hills Bancorp Inc’s total number of outstanding shares is 46.38M. Company’s return on investment (ROI) stands at 6.99% and return on equity (ROE) at 9.69%. It has a price to earnings ratio (P/E ratio) of 10.98 while having a 8.37 of forward P/E ratio. Stock’s beta reads 0.66. Stock has a price to book (P/B) ratio of 1.05 while price to sale or P/S ratio amounts to 1.80. Its return on asset (ROA) is 0.89% on average.

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