KBW analyst Collyn Gilbert reiterated a Buy rating on Berkshire Hills (NYSE: BHLB) on July 9 and set a price target of $45. The company’s shares closed yesterday at $40.50.
According to TipRanks.com, Gilbert is a 5-star analyst with an average return of 18.4% and a 79.8% success rate. Gilbert covers the Financial sector, focusing on stocks such as People’s United Financial, United Financial Bancorp, and Bankwell Financial Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Berkshire Hills with a $43.13 average price target, representing a 6.5% upside. In a report issued on June 25, Sandler O’Neill also maintained a Buy rating on the stock with a $46 price target.
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Berkshire Hills’ market cap is currently $1.84B and has a P/E ratio of 25.75. The company has a Price to Book ratio of 1.26.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock.
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Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank and Berkshire Insurance Group, Inc. The firm offers a wide range of deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas.
