Berkshire Hills Bancorp Inc (NYSE:BHLB) shares, rose in value on Friday, March 07, with the stock price down by -0.71% to the previous day’s close as strong demand from buyers drove the stock to $26.48.
Actively observing the price movement in the last trading, the stock closed the session at $26.67. The PE ratio was 18.48 over 12-month period. Referring to stock’s 52-week performance, its high was $32.36, and the low was $20.50. On the whole, BHLB has fluctuated by -11.94% over the past month.
With the market capitalization of Berkshire Hills Bancorp Inc currently standing at about $1.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.90, with its dividend yield at 3.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 581.2M, with a low estimate of 108.22M and a high estimate of 112.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 109.71M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BHLB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of BHLB currently trading nearly -7.09% and -7.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.28, while the 7-day volatility ratio is showing 2.78% which for the 30-day chart, stands at 2.16%. Furthermore, Berkshire Hills Bancorp Inc (BHLB)’s beta value is 0.57, and its average true range (ATR) is 0.71.
A comparison of Berkshire Hills Bancorp Inc (BHLB) with its peers suggests the former has fared considerably weaker in the market. BHLB showed an intraday change of -0.71% in last session, and over the past year, it grew by 23.57%%.
Data on historical trading for Berkshire Hills Bancorp Inc (NYSE:BHLB) indicates that the trading volumes over the past 3 months, they’ve averaged 470.49K. According to company’s latest data on outstanding shares, there are 46.42 million shares outstanding.
Nearly 1.32% of Berkshire Hills Bancorp Inc’s shares belong to company insiders and institutional investors own 86.80% of the company’s shares. The stock has fallen by -6.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BHLB stock heading into the next quarter.
