Berkshire Hills Bancorp Inc.’s recent filing unveils that its President and CEO Mhatre Nitin J. acquired Company’s shares for reported $24221.0 on Apr 25 ’24. In the deal valued at $22.02 per share,1,100 shares were bought. As a result of this transaction, Mhatre Nitin J. now holds 88,799 shares worth roughly $2.47 million.
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Then, Tulchiner Ellen sold 926 shares, generating $20,100 in total proceeds. Upon selling the shares at $21.71, the EVP,Head of Cnsmr Lndng&Pymnts now owns 0 shares.
Before that, Adofo-Wilson Baye sold 10,074 shares. Berkshire Hills Bancorp Inc. shares valued at $223,549 were divested by the Director at a price of $22.19 per share. As a result of the transaction, Adofo-Wilson Baye now holds 0 shares, worth roughly $0.0.
Janney downgraded its Berkshire Hills Bancorp Inc. [BHLB] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in mid July has reiterated a ‘”an Outperform”‘ rating for it. Seaport Research Partners also remained covering BHLB and has increased its forecast on January 29, 2024 with a “Neutral” recommendation from previously “Sell” rating. Piper Sandler revised its rating on January 10, 2024. It rated BHLB as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of BHLB
On Tuesday, Berkshire Hills Bancorp Inc. [NYSE:BHLB] saw its stock jump 0.98% to $27.79. Over the last five days, the stock has gained 0.32%. Berkshire Hills Bancorp Inc. shares have risen nearly 11.92% since the year began. Nevertheless, the stocks have risen 21.94% over the past one year. While a 52-week high of $28.51 was reached on 07/25/24, a 52-week low of $18.31 was recorded on 04/19/24. SMA at 50 days reached $23.33, while 200 days put it at $22.53. A total of 0.28 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For BHLB Stock
The 24-hour chart illustrates a support level at 27.55, which if violated will result in even more drops to 27.31. On the upside, there is a resistance level at 28.03. A further resistance level may holdings at 28.27. The Relative Strength Index (RSI) on the 14-day chart is 74.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.01%. Stochastics%K at 87.49% indicates the stock is a selling.
The most recent change occurred on September 12, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Sell”‘ rating along with a $16 price target.
