Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: March 20, 2017
Zacks Investment Research has downgraded Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) to Sell in a statement released on Monday March 20, 2017.
Boasting a price of $34.85, Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) traded -0.43% lower on the day. With the last close up 6.91% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Berkshire Hills Bancorp, Inc. has recorded a 50-day average of $35.33 and a two hundred day average of $32.60. Volume of trade was down over the average, with 123,389 shares of BHLB changing hands under the typical 159,493
With a total market value of $0, Berkshire Hills Bancorp, Inc. has price-earnings ratio of 18.54 with a one year low of $24.80 and a one year high of $37.45 .
More About Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB)
Berkshire Hills Bancorp, Inc. (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps. The Bank's loan portfolio consists of commercial loans, which include residential mortgages, commercial real estate, commercial and industrial loans, and consumer loans. The Bank's securities available for sale include municipal bonds and obligations, mortgage-backed securities, other bonds and obligations, and marketable equity securities. As of December 5, 2016, the Bank had 99 full service branch offices in Massachusetts, New York, Connecticut, Vermont, New Jersey and Pennsylvania.
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