There is no way Berkshire Hills Bancorp Inc. (BHLB) can keep these numbers up

With 0.43 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.24 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $27.97 whereas the lowest price it dropped to was $26.7817. The 52-week range on BHLB shows that it touched its highest point at $27.20 and its lowest point at $18.31 during that stretch. It currently has a 1-year price target of $27.00. With its current market cap of 1.17 billion, BHLB has annualized dividend of $0.72 while the current yield stands at 2.65%. Beta for the stock currently stands at 0.90.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BHLB was up-trending over the past week, with a rise of 12.43%, but this was up by 27.85% over a month. Three-month performance surged to 32.15% while six-month performance rose 15.30%. The stock gained 17.04% in the past year, while it has gained 9.26% so far this year. A look at the trailing 12-month EPS for BHLB yields 0.49 with Next year EPS estimates of 2.40. For the next quarter, that number is 0.54. This implies an EPS growth rate of -2.24% for this year and 14.91% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.74%.

Float and Shares Shorts:

At present, 43.50 million BHLB shares are outstanding with a float of 42.74 million shares on hand for trading. On 2024-06-28, short shares totaled 1.07 million, which was 248.0 higher than short shares on 1717113600. In addition to Mr. Nitin J. Mhatre as the firm’s President, CEO & Director, Mr. Brett Brbovic serves as its Chief Accounting Officer, Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.84404 of BHLB’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BHLB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.