Berkshire Hills Bancorp (NYSE:BHLB – Get Free Report) announced its quarterly earnings results on Thursday. The savings and loans company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03, Briefing.com reports. Berkshire Hills Bancorp had a return on equity of 8.61% and a net margin of 3.37%. The company had revenue of $125.70 million during the quarter, compared to analyst estimates of $119.61 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis.
Berkshire Hills Bancorp Trading Down 1.2 %
Shares of NYSE:BHLB traded down $0.32 during trading hours on Friday, hitting $26.98. 250,215 shares of the company’s stock traded hands, compared to its average volume of 255,575. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average price of $26.90 and a 200-day moving average price of $24.51. Berkshire Hills Bancorp has a 1 year low of $18.87 and a 1 year high of $28.51. The firm has a market capitalization of $1.17 billion, a P/E ratio of 54.00 and a beta of 0.86.
Berkshire Hills Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.67%. The ex-dividend date was Monday, September 30th. Berkshire Hills Bancorp’s payout ratio is currently 144.00%.
Analyst Ratings Changes
Check Out Our Latest Analysis on BHLB
About Berkshire Hills Bancorp
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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