Last Week, Berkshire Hills Bancorp Inc. (BHLB) Recorded A Gain Of $50.68


As of Wednesday close, Berkshire Hills Bancorp Inc.’s (NYSE:BHLB) stock was down -$0.02, moving down -0.06 percent to $30.84. The average number of shares traded per day over the past five days has been 208,540 shares. 4 times new highs have been achieved over the past 5 days, with a $0.68 gain in that time frame. In the last twenty days, the average volume was 266,445, while in the previous 50 days, it was 315,378.

Since last month, BHLB stock rose 6.27%. Shares of the company fell to $27.40 on 11/03/22, the lowest level in the past month. A 52-week high of $31.78 was reached on 01/20/22 after having rallying from a 52-week low of $23.62. Since the beginning of this year, BHLB’s stock price has risen by 8.48% or $2.41, and marked a new high 8 times. However, the stock has declined by -2.96% since its 52-week high.

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BHLB stock investors should be aware that Berkshire Hills Bancorp Inc. (BHLB) stock had its last reported insider trading activity 177 days ago on May 31. Prescott Wm Gordon, the EVP and General Counsel of the company, purchased of 16 shares for $26.00 on May 31. It resulted in a $416 investment by the insider. Zaitzeff Michael sold 1,274,279 shares at an average price of $24.70 on May 16. The insider now owns 0 shares following the transaction. On May 06, Director Hughes William H III bought 40 shares at $25.16 apiece. The transaction was valued at $1,006.

Valuation Metrics

Right now, Berkshire Hills Bancorp Inc. (BHLB) has a P/E ratio of about 17.56. The stock’s beta is 1.01. Besides these, the trailing price-to-sales (P/S) ratio of 4.04, the price-to-book (PB) ratio of 1.46.

The latest dividend of $0.18 per share was paid out, which is 50.0% more than last year’s $0.12. On Friday November 4 2022, a $0.06 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.14, and the total debt-to-equity ratio was 0.14. In the year ended September 29, operating margins totaled 92.40%. Based on annual data, BHLB earned $291.17 million in gross profit and brought in $329.06 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.30%. Return on equity (ROE) for the past 12 months was 7.80%.

In Berkshire Hills Bancorp Inc.’s quarter-end financial report for September 29, it reported total debt of $121.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Berkshire Hills Bancorp Inc. to report $0.58 quarterly earnings, the actual figure was $0.42 per share, beating the consensus estimate by -27.60%. The value of shareholders’ equity is $45.02 million.

Technical Picture

This quick technical analysis looks at Berkshire Hills Bancorp Inc.’s (BHLB) price momentum. With a historical volatility rate of 16.71%, the RSI 9-day stood at 64.18% on 23 November.

With respect to its five-day moving average, the current Berkshire Hills Bancorp Inc. price is up by +2.25% percent or $0.68. At present, BHLB shares trade +7.68% above its 20-day simple moving average and +22.43% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.25% above its SMA50 and -0.52% below its SMA200.

Stochastic coefficient K was 91.71% and Stochastic coefficient D was 86.25%, while ATR was 0.65. Given the Stochastic reading of 92.47% for the 14-day period, the RSI (14) reading has been calculated as 61.16%. As of today, the MACD Oscillator reading stands at 0.26, while the 14-day reading stands at 0.75.

Analyst Ratings

Berkshire Hills Bancorp Inc. downgraded its rating on Berkshire Hills Bancorp Inc. (NYSE: BHLB) to an Underweight in a note to investors on October 14, 2022. The analysts firm previously had a Neutral rating on the stock.

With a median target price of $31.00, the current consensus forecast for the stock is $22.00 – $33.00. Based on these forecasts, analysts predict Berkshire Hills Bancorp Inc. (BHLB) will achieve an average price target of $29.50.


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