Berkshire Hills Bancorp (NYSE:BHLB – Get Free Report) announced its earnings results on Thursday. The savings and loans company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06, Zacks reports. Berkshire Hills Bancorp had a net margin of 5.86% and a return on equity of 8.68%.
Berkshire Hills Bancorp Stock Performance
NYSE:BHLB traded up $0.35 during mid-day trading on Thursday, hitting $28.92. The stock had a trading volume of 30,890 shares, compared to its average volume of 383,354. Berkshire Hills Bancorp has a twelve month low of $20.50 and a twelve month high of $32.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 30.39 and a beta of 0.89. The company’s 50 day simple moving average is $29.13 and its 200 day simple moving average is $27.91.
Berkshire Hills Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.49%. Berkshire Hills Bancorp’s dividend payout ratio is presently 75.79%.
Analyst Upgrades and Downgrades
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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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