Berkshire Hills Bancorp, Inc. (NYSE:BHLB) is reporting third quarter earnings results on Monday 26th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.08 per share.
For the full year, analysts predict revenues of $ 332.28 million, while looking forward to loss of $ 11.52 per share.
Previous Quarter Performance
Berkshire Hills Bancorp, Inc. unfold loss for the second quarter of $ 0.13 per share, from the revenue of $ 77.59 million. The consensus estimates are loss of $ 0.19 per share from $ 87.37 million in revenue. The bottom line results beat street analysts by $ 0.06 or 31.58 percent, at the same time, top line results fell short of analysts by $ 9.78 million or 11.19 percent.
Stock Performance
On Friday, shares of Berkshire Hills Bancorp, Inc. has traded high as $ 12.16 and has cracked $ 11.72 on the downward trend, reaching $ 11.97 with volume of 288.90 thousand shares.
According to the previous trading day, closing price of $ 11.97, representing a 37.89 % increase from the 52 week low of $ 8.55 and a 65.04 % decrease over the 52 week high of $ 33.72.
The company has a market capital of $ 603.01 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 12.50 target price.
- On 9th September 2020, maintained by Piper Sandler at Overweight rating, with $ 13.00 target price.
Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans.
