The President & CEO of Berkshire Hills (BHLB) is Buying Shares

Today, the President & CEO of Berkshire Hills (BHLB), Richard Marotta, bought shares of BHLB for $50.16K.

In addition to Richard Marotta, 6 other BHLB executives reported Buy trades in the last month. This recent transaction increases Richard Marotta’s holding in the company by 3.99% to a total of $1.3 million.

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Based on Berkshire Hills’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $151 million and quarterly net profit of $32.23 million. In comparison, last year the company earned revenue of $126 million and had a net profit of $22.9 million. BHLB’s market cap is $1.22B and the company has a P/E ratio of 14.19. Currently, Berkshire Hills has an average volume of 126.1K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $37.50, reflecting a 39.9% upside.

The insider sentiment on Berkshire Hills has been positive according to 56 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.

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