What is Seaport Res Ptn’s Estimate for BHLB Q1 Earnings?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) – Analysts at Seaport Res Ptn cut their Q1 2025 earnings estimates for Berkshire Hills Bancorp in a research report issued on Monday, December 16th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the savings and loans company will post earnings of $0.53 per share for the quarter, down from their prior estimate of $0.54. The consensus estimate for Berkshire Hills Bancorp’s current full-year earnings is $2.16 per share. Seaport Res Ptn also issued estimates for Berkshire Hills Bancorp’s Q2 2025 earnings at $0.56 EPS and FY2025 earnings at $2.48 EPS.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Berkshire Hills Bancorp from $29.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada decreased their price target on Berkshire Hills Bancorp from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.20.

Berkshire Hills Bancorp Stock Down 2.5 %

BHLB stock opened at $29.13 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $29.23 and a 200-day simple moving average of $26.52. The company has a market capitalization of $1.25 billion, a P/E ratio of 30.66 and a beta of 0.88. Berkshire Hills Bancorp has a twelve month low of $20.50 and a twelve month high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, October 24th. The savings and loans company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. Berkshire Hills Bancorp had a return on equity of 8.68% and a net margin of 5.86%. The company had revenue of $125.70 million during the quarter, compared to the consensus estimate of $119.61 million. During the same period last year, the firm earned $0.50 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis.

Berkshire Hills Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.47%. Berkshire Hills Bancorp’s dividend payout ratio is currently 75.79%.

Hedge Funds Weigh In On Berkshire Hills Bancorp

Several institutional investors have recently modified their holdings of BHLB. Wellington Management Group LLP grew its holdings in Berkshire Hills Bancorp by 21.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,664,138 shares of the savings and loans company’s stock worth $44,815,000 after buying an additional 293,784 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Berkshire Hills Bancorp by 60.4% in the second quarter. Renaissance Technologies LLC now owns 422,621 shares of the savings and loans company’s stock worth $9,636,000 after purchasing an additional 159,200 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of Berkshire Hills Bancorp by 13.7% during the third quarter. Systematic Financial Management LP now owns 952,627 shares of the savings and loans company’s stock valued at $25,654,000 after purchasing an additional 114,433 shares during the period. Millennium Management LLC raised its stake in shares of Berkshire Hills Bancorp by 126.0% during the second quarter. Millennium Management LLC now owns 183,616 shares of the savings and loans company’s stock valued at $4,186,000 after purchasing an additional 102,384 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Berkshire Hills Bancorp by 28.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 340,694 shares of the savings and loans company’s stock worth $9,175,000 after purchasing an additional 75,476 shares during the period. Institutional investors own 83.07% of the company’s stock.

Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts.