Berkshire Hills Bancorp is a holding company for Berkshire Bank and Berkshire Insurance Group.
The company offers lending, investment, wealth management, and insurance services.
The company owns regional financial institutions across the United States, through which it serves the needs of government corporations and retail banking. Investments, trust management, credit cards, mortgages, etc.
What caught our attention at the company: recently, three different insiders from the company bought shares, although not in large amounts, but there seems to be a correlation between the insider purchases. (The purchases represent an additional 44% of their total holdings) *An image is attached.
Analyst coverage: On 8/31/21, the company received a recommendation from Seaport Global with a target price of $31, which reflects a 9.5% upside from the current price.
Current price: $27. Market cap: $1.28 billion. Debt-to-equity ratio: 0.99. Risk level: medium. Company name: Berkshire Hills Bancorp.
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