Berkshire Hills Bancorp (NYSE:BHLB – Get Free Report) issued its earnings results on Thursday. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03, Briefing.com reports. The firm had revenue of $174.24 million during the quarter, compared to analyst estimates of $108.46 million. Berkshire Hills Bancorp had a net margin of 3.37% and a return on equity of 8.61%. During the same period in the previous year, the firm earned $0.55 earnings per share.
Berkshire Hills Bancorp Stock Performance
BHLB stock opened at $27.34 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.01. The business has a 50-day moving average price of $22.64 and a 200 day moving average price of $22.58. The company has a market capitalization of $1.18 billion, a P/E ratio of 54.68 and a beta of 0.88. Berkshire Hills Bancorp has a 1-year low of $18.31 and a 1-year high of $27.97.
Berkshire Hills Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 20th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.72 annualized dividend and a dividend yield of 2.63%. Berkshire Hills Bancorp’s payout ratio is currently 144.00%.
Wall Street Analyst Weigh In
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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.
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