KBW is out with its report today on Berkshire Hills Bancorp BHLB, reiterating Outperform.
In a note to clients, KBW writes, "Once again, BHLB delivered operating earnings that either met or exceeded previous quarter's guidance. Stronger spread income was a key driver of this quarter's beat, while organic growth and operational execution continued to roll along. We remain comfortable with our previous earnings assumptions leading us to leave our estimates unchanged. We reiterate our $26 price target and Outperform rating."
Shares of BHLB closed Wednesday at $21.63, down 1.23% from Tuesday's close.
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