Thu Sep 19 06:17:21 UTC 2024: ## Berkshire Hills Bancorp Sees Upgraded Earnings Estimates

**Berkshire Hills Bancorp (NYSE: BHLB)** is enjoying positive market sentiment, with analysts raising their earnings estimates for the company. Seaport Res Ptn, in a recent research report, boosted its Q3 2024 earnings per share (EPS) forecast for Berkshire Hills Bancorp to $0.54, up from its previous estimate of $0.51. This bullish outlook comes as the company recently exceeded analysts’ expectations for its Q2 2024 earnings, reporting $0.55 EPS against an estimated $0.52.

The positive outlook extends into 2025 as well, with Seaport Res Ptn projecting EPS of $0.54 for Q1, $0.58 for Q2, $0.60 for Q3, and $0.62 for Q4, resulting in a projected full-year FY2025 EPS of $2.33.

While other analysts have differing views, with some upgrading the stock and others downgrading it, the overall consensus rating for BHLB remains “Hold.” The average target price from analysts is $26.80.

Despite the mixed signals, Berkshire Hills Bancorp is seeing strong institutional interest, with several investors adding to or initiating positions in the company.

**Key Highlights:**

* Seaport Res Ptn boosts Q3 2024 EPS forecast to $0.54 from $0.51.
* Analyst consensus estimates for FY2024 earnings remain at $2.10 per share.
* Seaport Res Ptn predicts strong earnings growth in 2025, forecasting FY2025 EPS of $2.33.
* Berkshire Hills Bancorp recently exceeded Q2 2024 earnings expectations, reporting $0.55 EPS.
* The company also announced a quarterly dividend of $0.18 per share.
* Several institutional investors have recently bought or increased their holdings in BHLB.

**Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank, offering a wide range of banking products and services in the United States.**

**Disclaimer:** This news article is for informational purposes only and should not be considered investment advice.

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