Berkshire Hills Bancorp Stock (NYSE: BHLB)

Berkshire Hills Bancorp (NYSE:BHLB) Stock

Berkshire Hills Bancorp

Berkshire Hills Bancorp, Inc.

NASDAQ

Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services.

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Arrow Financial Corporation&#39;s unit, Glens Falls National Bank, acquires Berkshire Bank branch in Whitehall, New York.

Arrow Financial Acquires Berkshire Bank Branch In Whitehall, New York

Berkshire Hills Bancorp, Inc. Common Stock

Berkshire Hills Bancorp Inc

Ratings for Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Berkshire Hills Bancorp, revealing an average target of $33.5, a high estimate of $39.00, and a low estimate of $31.00. This upward trend is evident, with the current average reflecting a 8.06% increase from the previous average price target of $31.00.
<img src="https://www.benzinga.com/files/images/story/2025/1738346427_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Berkshire Hills Bancorp by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Karl Shepard</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$31.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Christopher O'Connell</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$34.50</td>
<td>$32.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$31.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Laurie Havener Hunsicker</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Buy</td>
<td>$39.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher O'Connell</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$32.00</td>
<td>$29.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Berkshire Hills Bancorp. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Berkshire Hills Bancorp compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Berkshire Hills Bancorp's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Berkshire Hills Bancorp's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BHLB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Berkshire Hills Bancorp analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Berkshire Hills Bancorp</h2>
Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services.
<h3>Unraveling the Financial Story of Berkshire Hills Bancorp</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Berkshire Hills Bancorp displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 1.64%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Berkshire Hills Bancorp's net margin excels beyond industry benchmarks, reaching 34.23%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Berkshire Hills Bancorp's ROE stands out, surpassing industry averages. With an impressive ROE of 3.6%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Berkshire Hills Bancorp's ROA stands out, surpassing industry averages. With an impressive ROA of 0.31%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.66, caution is advised due to increased financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Berkshire Hills Bancorp Stock: Analyst Perspectives (5 Ratings)

RBC Capital analyst Karl Shepard reiterates Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) with a Sector Perform and maintains $31 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Berkshire Hills Bancorp, Maintains $31 Price Target

Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.54 by 11.11 percent. This is a 27.66 percent increase over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $86.86 million which missed the analyst consensus estimate of $87.33 million by 0.55 percent. This is a 3.97 percent decrease over sales of $90.44 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Berkshire Hills Bancorp Q4 2024 Adj EPS $0.60 Beats $0.54 Estimate, Sales $86.86M Miss $87.33M Estimate

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Earnings Scheduled For January 30, 2025

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Berkshire Hills Bancorp, revealing an average target of $34.12, a high estimate of $39.00, and a low estimate of $31.00. Marking an increase of 10.06%, the current average surpasses the previous average price target of $31.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1735070418_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Berkshire Hills Bancorp among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher O'Connell</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$34.50</td>
<td>$32.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$31.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Laurie Havener Hunsicker</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Buy</td>
<td>$39.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher O'Connell</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$32.00</td>
<td>$29.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Berkshire Hills Bancorp. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Berkshire Hills Bancorp compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Berkshire Hills Bancorp's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Berkshire Hills Bancorp's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BHLB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Berkshire Hills Bancorp analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Berkshire Hills Bancorp Better</h2>
Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services.
<h3>Berkshire Hills Bancorp: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Berkshire Hills Bancorp's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 1.64%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Berkshire Hills Bancorp's net margin excels beyond industry benchmarks, reaching 34.23%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Berkshire Hills Bancorp's ROE stands out, surpassing industry averages. With an impressive ROE of 3.6%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Berkshire Hills Bancorp's ROA stands out, surpassing industry averages. With an impressive ROA of 0.31%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Berkshire Hills Bancorp's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.66, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Berkshire Hills Bancorp Stock

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>DA Davidson cut Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) price target from $55 to $54. DA Davidson analyst Brandon Rolle maintained a Neutral rating. Winnebago shares closed at $47.99 on Monday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut the price target for Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>) from $78 to $77. Evercore ISI Group analyst Steve Sakwa maintained an In-Line rating. Regency Centers shares closed at $73.75 on Monday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group lowered the price target for Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) from $26 to $24. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating. Nordstrom shares closed at $24.17 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. boosted the price target for BTCS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) from $3 to $5. HC Wainwright &amp; Co. analyst Kevin Dede maintained a Buy rating. BTCS shares closed at $2.47 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs boosted CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) price target from $372 to $415. Goldman Sachs analyst Gabriela Borges maintained a Buy rating. CrowdStrike shares settled at $361.50 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group cut Brixmor Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) price target from $32 to $31. Evercore ISI Group analyst Samir Khanal maintained an In-Line rating. Brixmor Property shares closed at $27.53 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson slashed Destination XL Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) price target from $3.5 to $3. DA Davidson analyst Michael Baker maintained a Buy rating. Destination XL shares closed at $2.61 on Monday.  <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods raised the price target for Berkshire Hills Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) from $32 to $34.5. Keefe, Bruyette &amp; Woods analyst Christopher O&#8217;Connell maintained a Market Perform rating. Berkshire Hills Bancorp shares settled at $28.60 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities cut OptimizeRx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) price target from $17 to $13. B. Riley Securities analyst Neil Chatterji maintained a Buy rating. OptimizeRx shares closed at $4.83 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Enanta Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTA#NASDAQ">ENTA</a>) price target from $27 to $18. HC Wainwright &amp; Co. analyst Ed Arce maintained a Buy rating. Enanta Pharmaceuticals shares closed at $6.37 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
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Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) with a Market Perform and raises the price target from $32 to $34.5.

Keefe, Bruyette & Woods Maintains Market Perform on Berkshire Hills Bancorp, Raises Price Target to $34.5

RBC Capital analyst Jon Arfstrom maintains Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) with a Sector Perform and lowers the price target from $32 to $31.

RBC Capital Maintains Sector Perform on Berkshire Hills Bancorp, Lowers Price Target to $31

Seaport Global analyst Laurie Havener Hunsicker upgrades Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) from Neutral to Buy and announces $39 price target.

Upgrades

Seaport Global Upgrades Berkshire Hills Bancorp to Buy, Announces $39 Price Target

<ul>
<li>Combination increases scale with $24 billion in assets, 148 branch offices and a longstanding history of serving clients and communities</li>
<li>Highly compatible cultures, deep community ties and operating philosophies&nbsp;</li>
<li>0.42 Berkshire shares for each Brookline share; Berkshire's dividend expected to be increased to have a neutral impact on Brookline shareholders</li>
</ul>
BOSTON, Dec. 16, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank&nbsp;(the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.

BRKL

Berkshire Hills Bancorp And Brookline Bancorp Announce A Merger Of Equals To Create A Premier Northeast Banking Franchise; Brookline Will Merge With And Into Berkshire In An All-Stock Transaction Valued At ~$1.1B, Or $12.68 Per Share Of Brookline Common Stock

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) with a Market Perform and raises the price target from $29 to $32.

Keefe, Bruyette & Woods Maintains Market Perform on Berkshire Hills Bancorp, Raises Price Target to $32

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<li>Lion Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares increased by 22.5% to $0.21 during Friday's pre-market session. The market value of their outstanding shares is at $5.1 million. </li>
<li>X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) shares increased by 14.32% to $8.3. The market value of their outstanding shares is at $393.5 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Patriot Ntl Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) stock rose 9.99% to $1.98. The company's market cap stands at $7.8 million. </li>
<li>XChange Tec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares rose 9.74% to $1.69. The company's market cap stands at $190.3 million. </li>
<li>Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) shares rose 6.79% to $33.0. The company's market cap stands at $1.4 billion. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares rose 6.58% to $17.0. The market value of their outstanding shares is at $209.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Inter &amp; Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) stock decreased by 16.7% to $4.4 during Friday's pre-market session. The company's market cap stands at $1.9 billion. </li>
<li>Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) stock fell 15.67% to $26.82. The company's market cap stands at $1.7 billion. </li>
<li>XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) stock decreased by 9.37% to $13.55. The company's market cap stands at $7.2 billion. </li>
<li>Bank Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDO#NYSE">BBDO</a>) stock fell 8.42% to $1.85. The market value of their outstanding shares is at $19.6 billion. </li>
<li>StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) shares fell 8.36% to $9.54. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) stock declined by 8.2% to $53.01. The company's market cap stands at $5.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BBDO

ESNT

INTR

KINS

LGHL

PNBK

STNE

12 Financials Stocks Moving In Friday's Pre-Market Session

WIIM

ACNB

AMAL

AMTB

BANF

BANR

BCAL

BFST

BHRB

BMRC

BOKF

BPOP

BSRR

BSVN

BUSE

CARE

CASH

CATY

CBAN

CBNK

CBSH

CCBG

CCNE

CFFN

CHCO

CLBK

COFS

CTBI

CUBI

CVBF

CZFS

DCOM

EBTC

EFSC

EGBN

EQBK

EWBC

FBMS

FBNC

FCBC

FCNCA

FFBC

FFIC

FFIN

FIBK

FLIC

FMAO

FMBH

FMNB

FNLC

FRBA

FRST

FSBC

GABC

GBCI

GCBC

GNTY

GSBC

HAFC

HBCP

HBNC

HFBL

HFWA

HIFS

HMST

HOMB

HONE

HOPE

HTBI

HTBK

HTLF

Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.55 by 5.45 percent. This is a 16 percent increase over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $88.059 million which missed the analyst consensus estimate of $90.478 million by 2.67 percent. This is a 2.52 percent decrease over sales of $90.334 million the same period last year.

Berkshire Hills Bancorp Q3 2024 Adj. EPS $0.58 Beats $0.55 Estimate, Sales $88.059M Miss $90.478M Estimate

Berkshire Hills Bancorp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) short percent of float has risen 8.67% since its last report. The company recently reported that it has 1.02 million shares sold short, which is 3.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Berkshire Hills Bancorp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724337912_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Berkshire Hills Bancorp has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Berkshire Hills Bancorp's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Berkshire Hills Bancorp's peer group average for short interest as a percentage of float is 2.50%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Berkshire Hills Bancorp's Recent Short Interest

Janney Montgomery Scott analyst Jake Civiello downgrades Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) from Buy to Neutral and announces $28 price target.

Downgrades

Janney Montgomery Scott Downgrades Berkshire Hills Bancorp to Neutral, Announces $28 Price Target

Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.52 by 9.62 percent. This is a 3.64 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $88.53 million which missed the analyst consensus estimate of $90.50 million by 2.17 percent. This is a 4.56 percent decrease over sales of $92.76 million the same period last year.

Berkshire Hills Bancorp Q2 Adj $0.57 Beats $0.52 Estimate, Sales $88.53M Miss $90.50M Estimate

Rosato will remain with the company through&nbsp;June 14, 2024, as the Company transitions his responsibilities to&nbsp;Brett Brbovic.&nbsp;
The Company and the Bank have appointed Chief Accounting Officer&nbsp;Brett Brbovic&nbsp;as Executive Vice President and Chief Financial Officer, effective&nbsp;June 14, 2024. Mr. Brbovic joined the Company from KPMG LLP in 2012 and has served as Chief Accounting Officer since 2015.&nbsp; He previously served as Interim Chief Financial Officer, from&nbsp;October 7, 2022, to&nbsp;February 6, 2023.

Management

Berkshire Hills Bancorp CFO David Rosato To Step Down To Pursue Other Interests; Brett Brbovic Named As Executive Vice President And CFO, Effective June 14, 2024

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Steel Connect</h3>
<ul>
<li>The Trade: Steel Connect, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STCN#NASDAQ">STCN</a>) 10% owner WF Asset Corp. <a href="https://www.benzinga.com/quote/stcn/analyst-ratings">acquired a total of 265,326 shares</a> at an average price of $12.00. To acquire these shares, it cost around $3.18 million.</li>
<li>What's Happening: On March 15, Steel Connect reported second-quarter revenues of $43 million.</li>
<li>What Steel Connect Does: Steel Connect Inc is a diversified holding company. The company&#8217;s operating segment include Direct Marketing and Supply Chain.</li>
</ul>
<h3 class="wp-block-heading">Citi Trends</h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC acquired a total of 25,100 shares at an average price of $22.03. To acquire these shares, it cost around $553,021.</li>
<li>What's Happening: On March 19, Citi Trends reported worse-than-expected fourth-quarter financial results.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">RXO</h3>
<ul>
<li>The Trade: RXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RXO#NYSE">RXO</a>) 10% owner Farhad Nanji <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 200,000 shares</a> at an average price of $19.61. To acquire these shares, it cost around $3.92 million.</li>
<li>What's Happening: RXO said it will issue its first-quarter financial results before the opening bell on May 2, 2024.</li>
<li>What RXO Does: RXO Inc is a brokered transportation platform defined by cutting-edge technology and a nimble, asset-light business model, with the largest component being core truck brokerage business.</li>
</ul>
<h3 class="wp-block-heading">Berkshire Hills Bancorp</h3>
<ul>
<li>The Trade: Berkshire Hills Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) President and CEO Nitin J. Mhatre <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,100 shares</a> at an average price of $22.02. The insider spent around $24,221 to buy those shares.</li>
<li>What's Happening: On April 18, Berkshire Hills Bancorp posted upbeat quarterly earnings.</li>
<li>What Berkshire Hills Bancorp Does: Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38482020/investor-optimism-improves-following-earnings-reports-us-stocks-notch-weekly-gains">Investor Optimism Improves Following Earnings Reports; US Stocks Notch Weekly Gains</a>

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