Berkshire Hills Bancorp (NYSE:BHLB – Get Free Report) issued its earnings results on Thursday. The savings and loans company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03, Briefing.com reports. The company had revenue of $174.24 million for the quarter, compared to the consensus estimate 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
Shares of Berkshire Hills Bancorp stock opened at $27.34 on Friday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 54.68 and a beta of 0.88. The firm’s 50-day moving average is $22.64 and its 200 day moving average is $22.58. Berkshire Hills Bancorp has a 1 year low of $18.31 and a 1 year high of $27.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.01.
Berkshire Hills Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 20th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Thursday, June 20th. Berkshire Hills Bancorp’s payout ratio is 144.00%.
Analyst Ratings Changes
Read Our Latest Research Report 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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