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The latest update is out from Berkshire Hills ( (BHLB) ).
On January 30, 2025, Berkshire Hills Bancorp reported strong fourth-quarter results for 2024, showcasing a 28% year-over-year increase in operating EPS and improvements in loan-to-deposit ratios. The company also announced a merger with Brookline Bancorp, aiming to create a leading Northeast banking franchise, supported by a successful $100 million capital raise. These strategic moves are expected to enhance shareholder value and improve the company’s market position.
More about Berkshire Hills
Berkshire Hills Bancorp, Inc. operates in the banking industry, providing a range of financial services including deposits, loans, and wealth management. The company primarily focuses on regional banking services and has been recognized as one of America’s Best Regional Banks by Newsweek.
YTD Price Performance: 2.25%
Average Trading Volume: 400,137
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.32B
See more insights into BHLB stock on TipRanks’ Stock Analysis page.
