Jefferies Keeps Their Hold Rating on Berkshire Hills

By Ryan Adsit

Jefferies analyst Ken Usdin reiterated a Hold rating on Berkshire Hills (NYSE: BHLB) yesterday and set a price target of $38. The company’s shares closed yesterday at $34.40.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Berkshire Hills has an analyst consensus of Moderate Buy, with a price target consensus of $39.83.

Berkshire Hills’ market cap is currently $1.39B and has a P/E ratio of 18.90. The company has a book value ratio of 1.0966.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Berkshire Hills Bancorp, Inc. operates as a bank holding company, which engages in the provision of community banking services. The firm’s loan portfolio comprises of the following: commercial real estate; commercial and industrial; residential mortgage; and consumer.