Berkshire Hills Bancorp Inc. (NYSE:BHLB) went down by -7.44% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Banks – Regional giant went up by $10.20 to trade ended Wednesday trading at $11.02. This is down from the $11.02 price recorded on Tuesday’s trading session. Thanks to this latest performance, BHLB is closer to the higher price 52-week target of $16.50 and further from the lowest price target of $10.00. Its performance from the start of the year has also been negative, with BHLB down by -68.98% year-to-date.
Berkshire Hills Bancorp Inc. (BHLB) started the day trading at $11.12 and recorded an intraday high of $11.22. It also recorded an intraday low of $10.18 during Wednesday’s trading session. Berkshire Hills Bancorp Inc. is a very active stock that recorded a trading volume that is less than -0.02% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 577761, which is less than -0.02 of the total average daily trading volume of 577.90K.
Berkshire Hills Bancorp Inc. (NYSE:BHLB) 2020 Performance Impressive
The increase in BHLB’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of BHLB currently stands at $33.72, which is higher than the current trading price of the stock by 69.75%. However, BHLB’s current trading price is -11.48% lower than the 52-week low price of $9.15. In terms of trading volume, Berkshire Hills Bancorp Inc. currently experienced healthy participation during the last trading session. 577761 shares of Berkshire Hills Bancorp Inc. were traded on the stock exchange on Wednesday, which is less than -0.02% of the 577.90K average trading volume of the stock.
The performance of the stock has been positive over the past year. BHLB’s performance over the past one year has seen it plunge by -66.19%, while the stock has gone down by -68.98% in the last six months. The quarterly performance of BHLB currently stands at -28.57%, and it is down by -4.94% in the last month. The only negative figure was from the weekly performance, which currently reads -1.16%. At the time of writing BHLB’s report, the company has a total market cap of $543.35M, making it one of the largest publicly-traded companies in the world.Berkshire Hills Bancorp Inc. also has over 1550 employees all over the world.
BHLB Insider Activities
For Berkshire Hills Bancorp Inc., insiders hold 81.30% of all company shares. The insider transactions over the past six months are up by 2.50%. During that period, insiders bought 1,486,494 shares in 37 transactions. In that same period, insiders sold 9,935 of their shares in 12 transactions. After these transactions, insiders at Berkshire Hills Bancorp Inc. now hold 2.5M shares, which is over 74.61% of the total company stocks. Institutional investors currently hold a large chunk of the BHLB shares, as they control 5.04% of the company’s total stock.
BHLB Fundamental Analysis
For Berkshire Hills Bancorp Inc., the stock’s diluted earnings per share (EPS) stands at 1.28. In the coming year, analysts expect the EPS to be 0.90. The EPS growth will up over the next five years to 10.00% after surging by 8.40% in the previous five years. In terms of revenue, Berkshire Hills Bancorp Inc.’s quarterly sales (YOY) is shrinking at -0.15, which is lower than the average annual revenue of 8.40% over the past half a decade.
The Return on Investment (ROI) on Berkshire Hills Bancorp Inc.’s stock currently stands at 16.70%, and it has a net profit margin of 10.50%. The operating margin of the company is 66.30%.
BHLB Analysts Prediction
The DA Davidson has a Neutral rating for Berkshire Hills Bancorp Inc., predicting the stock price to stay between $20 and $14.
At the moment, Berkshire Hills Bancorp Inc.’s Total Debt to Equity ratio stands at 0.06, and they have a long-term Debt to Equity ratio of 0.06.
BHLB Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of BHLB currently stands at -11.93%, while the SMA50 is -16.89%. The biggest one is the SMA200, which is currently reading -56.76% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 39.95, while its price to earnings ratio (P/E) is 8.00.