New insider activity at Berkshire Hills ( (BHLB) ) has taken place on February 15, 2025.
Ellen Tulchiner, the Executive Vice President and Head of Consumer Lending & Payments, recently sold 1,052 shares of Berkshire Hills stock, amounting to a transaction valued at $31,528.
Recent Updates on BHLB stock
Berkshire Hills Bancorp recently reported strong Q4 2024 results with a 28% year-over-year increase in operating EPS, reflecting robust financial performance. The company’s strategic initiatives, including significant deposit growth and a merger announcement with Brookline Bancorp, are expected to enhance market position and profitability. However, challenges such as declines in net interest income, modest loan growth, and an elevated tax rate due to merger expenses were highlighted. The analyst’s decision to lower the price target was influenced by these financial challenges, despite the overall positive outlook driven by strategic advancements and the anticipated benefits from the merger.
More about Berkshire Hills
YTD Price Performance: 5.87%
Average Trading Volume: 411,177
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.37B