Should I buy or sell Berkshire Hills Bancorp stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BHLB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHLB, but not buy additional shares or sell existing shares. View BHLB analyst ratings or view top-rated stocks .

What is Berkshire Hills Bancorp's stock price target for 2024?

4 Wall Street research analysts have issued 12-month price targets for Berkshire Hills Bancorp's stock. Their BHLB share price targets range from $24.00 to $26.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price. View analysts price targets for BHLB or view top-rated stocks among Wall Street analysts .

How have BHLB shares performed in 2024?

Berkshire Hills Bancorp's stock was trading at $24.83 at the beginning of the year. Since then, BHLB stock has decreased by 16.6% and is now trading at $20.70. View the best growth stocks for 2024 here .

When is Berkshire Hills Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024. View our BHLB earnings forecast .

How can I listen to Berkshire Hills Bancorp's earnings call?

Berkshire Hills Bancorp will be holding an earnings conference call on Thursday, April 18th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "105225#".

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its quarterly earnings results on Thursday, January, 25th. The savings and loans company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by $0.02. The savings and loans company had revenue of $142.15 million for the quarter, compared to analyst estimates of $109.05 million. Berkshire Hills Bancorp had a trailing twelve-month return on equity of 9.48% and a net margin of 11.24%. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

How often does Berkshire Hills Bancorp pay dividends? What is the dividend yield for Berkshire Hills Bancorp?

Berkshire Hills Bancorp declared a quarterly dividend on Thursday, March 7th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.18 per share on Thursday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, March 20th. Read our dividend analysis for BHLB .

Is Berkshire Hills Bancorp a good dividend stock?

Berkshire Hills Bancorp (NYSE:BHLB) pays an annual dividend of $0.72 per share and currently has a dividend yield of 3.44%. The dividend payout ratio is 45.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 29.27% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BHLB .

What is Sean Gray's approval rating as Berkshire Hills Bancorp's CEO?

7 employees have rated Berkshire Hills Bancorp Chief Executive Officer Sean Gray on Glassdoor.com . Sean Gray has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Berkshire Hills Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Berkshire Hills Bancorp investors own include Starbucks (SBUX) , Pfizer (PFE) , AT&T (T) , Exxon Mobil (XOM) , International Business Machines (IBM) , JPMorgan Chase & Co. (JPM) , AbbVie (ABBV) , Boeing (BA) , Dominion Energy (D) and FTAI Aviation (FTAI) .

How do I buy shares of Berkshire Hills Bancorp?

Shares of BHLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BHLB

Berkshire Hills Bancorp (BHLB) Stock Price, News & Analysis

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$20.63

-0.25 (-1.20%)

(As of 03:15 PM ET)

Compare

Today's Range: $20.51
▼
$20.73
50-Day Range: $20.86
▼
$23.06
52-Week Range: $18.07
▼
$25.79

Volume: 85,133 shs
Average Volume: 238,988 shs
Market Capitalization: $896.58 million

P/E Ratio: 12.89
Dividend Yield: 3.49%
Price Target: $25.00

Get Berkshire Hills Bancorp alerts:

Berkshire Hills Bancorp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 20.8% Upside
$25.00 Price Target
Short Interest: Healthy
1.98% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.73
Upright™ Environmental Score
News Sentiment: -0.14
Based on 5 Articles This Week
Insider Trading: Selling Shares
$5.24 M Sold Last Quarter
Proj. Earnings Growth: 20.59%
From $2.04 to $2.46 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Finance Sector

221st out of 856 stocks

Savings Institutions, Except Federal Industry

3rd out of 19 stocks

2.0

Analyst's Opinion

Consensus Rating
Berkshire Hills Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Berkshire Hills Bancorp has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.98% of the float of Berkshire Hills Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Berkshire Hills Bancorp has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Berkshire Hills Bancorp has recently increased by 0.59%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Berkshire Hills Bancorp pays a meaningful dividend of 3.44%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Berkshire Hills Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Berkshire Hills Bancorp is 45.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 29.27% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Berkshire Hills Bancorp has received a 11.03% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Wire transfer services", "Home contents insurance services for individuals", "Consumer savings accounts provided by brick and mortar banks", and "Online banking" products. See details.
Environmental Sustainability
The Environmental Impact score for Berkshire Hills Bancorp is -0.73.

1.0

News and Social Media Coverage

News Sentiment
Berkshire Hills Bancorp has a news sentiment score of -0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Berkshire Hills Bancorp this week, compared to 2 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Berkshire Hills Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,239,449.00 in company stock.
Percentage Held by Insiders
Only 1.02% of the stock of Berkshire Hills Bancorp is held by insiders.
Percentage Held by Institutions
83.07% of the stock of Berkshire Hills Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Berkshire Hills Bancorp are expected to grow by 20.59% in the coming year, from $2.04 to $2.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Berkshire Hills Bancorp is 12.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Berkshire Hills Bancorp is 12.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.47.
Price to Book Value per Share Ratio
Berkshire Hills Bancorp has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Berkshire Hills Bancorp Stock (NYSE:BHLB)

Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts. It offers loans, such as commercial real estate, commercial and industrial, residential mortgage, and consumer loans. In addition, the company provides wealth management services comprising investment management, trust administration, tax return preparation, and financial planning; and investment products and brokerage services. Further, it offers commercial cash management, online banking and mobile banking, small business banking, and asset based lending services; and debit cards and other electronic fee producing payment services to transaction account customers. It serves its products to personal, commercial, non-profit, and municipal deposit customers. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

BHLB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BHLB Stock News Headlines

March 20, 2024 | insidertrades.com

Insider Selling: Berkshire Hills Bancorp, Inc. (NYSE:BHLB) EVP Sells 926 Shares of Stock

April 16, 2024 | wsj.com

Berkshire Hills Bancorp Inc.

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 11, 2024 | americanbankingnews.com

Berkshire Hills Bancorp (BHLB) Scheduled to Post Earnings on Thursday

April 10, 2024 | americanbankingnews.com

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Given Consensus Recommendation of "Hold" by Analysts

March 28, 2024 | finance.yahoo.com

Berkshire Hills Announces First Quarter 2024 Earnings Release and Conference Call Schedule

March 21, 2024 | finance.yahoo.com

Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise

March 7, 2024 | prnewswire.com

Berkshire Hills Announces Quarterly Shareholder Dividend

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

March 5, 2024 | msn.com

Arrow Financial Acquires Berkshire Bank Branch In Whitehall, New York

March 4, 2024 | msn.com

Berkshire Hills Bancorp agrees to sell 10 branches in New York

March 4, 2024 | prnewswire.com

Arrow Announces Acquisition of Whitehall, N.Y. Branch

March 4, 2024 | prnewswire.com

Berkshire Hills Bancorp to Sell Select Upstate and Eastern New York Branches

February 29, 2024 | finance.yahoo.com

Berkshire Hills Bancorp Insiders Added US$817.2k Of Stock To Their Holdings

February 24, 2024 | msn.com

Berkshire Hills Bancorp (BHLB) Price Target Increased by 15.59% to 26.72

February 17, 2024 | finance.yahoo.com

BHLB Mar 2024 30.000 put

February 6, 2024 | msn.com

Why small-business loans are a win-win for women-run startups and smaller banks

February 2, 2024 | seekingalpha.com

BHLB: Surprise Q4 Loss Is Nothing To Worry About

January 30, 2024 | markets.businessinsider.com

Keefe, Bruyette & Woods Maintains Market Perform Rating for Berkshire Hills Bancorp: Here's What You Need To Know

January 30, 2024 | finance.yahoo.com

New Strong Sell Stocks for January 30th

January 27, 2024 | finance.yahoo.com

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q4 2023 Earnings Call Transcript

January 25, 2024 | finance.yahoo.com

Berkshire Hills (BHLB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

January 25, 2024 | finance.yahoo.com

Berkshire Hills Bancorp Inc Reports Mixed Q4 Results and Announces Share Buyback

January 25, 2024 | seekingalpha.com

Berkshire Hills Bancorp, Inc. 2023 Q4 - Results - Earnings Call Presentation

January 15, 2024 | finance.yahoo.com

Berkshire Hills Bancorp's (NYSE:BHLB) investors will be pleased with their favorable 34% return over the last three years

January 12, 2024 | finance.yahoo.com

Berkshire Hills Announces Fourth Quarter 2023 Earnings Release and Conference Call Schedule

January 11, 2024 | nasdaq.com

Piper Sandler Upgrades Berkshire Hills Bancorp (BHLB)

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 4/4 Dividend: 3/20/2024
Dividend Payable: 4/04/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/18/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Savings institutions, except federal
Sub-Industry: Thrifts & Mortgage Finance
Current Symbol: NYSE:BHLB
CUSIP: 08468010
CIK: 1108134
Web: www.berkshirebank.com
Phone: (617) 641-9206
Fax: 413-443-3587
Employees: 1,340
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.00
High Stock Price Target: $26.00
Low Stock Price Target: $24.00
Potential Upside/Downside: +21.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.60
Trailing P/E Ratio: 12.87
Forward P/E Ratio: 10.09
P/E Growth: N/A
Net Income: $69.60 million
Net Margins: 11.24%
Pretax Margin: 12.65%
Return on Equity: 9.48%
Return on Assets: 0.76%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 0.93
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $619.08 million
Price / Sales: 1.45
Cash Flow: $2.60 per share
Price / Cash Flow: 7.93
Book Value: $23.18 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 43,460,000
Free Float: 43,021,000
Market Cap: $894.84 million
Optionable: Optionable
Beta: 0.87

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Key Executives

Mr. Nitin J. Mhatre (Age 53)
President, CEO & Director
Comp: $1.8M
Mr. Sean A. Gray (Age 48)
Senior EVP & COO
Comp: $1.24M
Mr. Brett Brbovic (Age 43)
Senior VP & Chief Accounting Officer
Comp: $326.85k
Mr. Gregory D. Lindenmuth (Age 56)
Senior EVP & Chief Risk Officer
Comp: $515.78k
Mr. R. David Rosato (Age 62)
Senior EVP & CFO
Mr. Kevin Conn
Senior Vice President of Investor Relations & Corporate Development
Mr. Wm. Gordon Prescott Esq. (Age 62)
Senior EVP, General Counsel & Corporate Secretary
Ms. Ashlee Flores (Age 39)
Executive VP & Chief Compliance Officer
Alison Skratt
Head of Communications
Mr. Sumant Pustake (Age 39)
Executive VP and Chief Strategy & Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BHLB Stock Analysis - Frequently Asked Questions

Should I buy or sell Berkshire Hills Bancorp stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BHLB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHLB, but not buy additional shares or sell existing shares.
View BHLB analyst ratings or view top-rated stocks.
What is Berkshire Hills Bancorp's stock price target for 2024?: 4 Wall Street research analysts have issued 12-month price targets for Berkshire Hills Bancorp's stock. Their BHLB share price targets range from $24.00 to $26.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for BHLB or view top-rated stocks among Wall Street analysts.
How have BHLB shares performed in 2024?: Berkshire Hills Bancorp's stock was trading at $24.83 at the beginning of the year. Since then, BHLB stock has decreased by 16.6% and is now trading at $20.70.
View the best growth stocks for 2024 here.
When is Berkshire Hills Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our BHLB earnings forecast.
How can I listen to Berkshire Hills Bancorp's earnings call?: Berkshire Hills Bancorp will be holding an earnings conference call on Thursday, April 18th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "105225#".
How were Berkshire Hills Bancorp's earnings last quarter?: Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its quarterly earnings results on Thursday, January, 25th. The savings and loans company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by $0.02. The savings and loans company had revenue of $142.15 million for the quarter, compared to analyst estimates of $109.05 million. Berkshire Hills Bancorp had a trailing twelve-month return on equity of 9.48% and a net margin of 11.24%. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

How often does Berkshire Hills Bancorp pay dividends? What is the dividend yield for Berkshire Hills Bancorp?: Berkshire Hills Bancorp declared a quarterly dividend on Thursday, March 7th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.18 per share on Thursday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, March 20th.
Read our dividend analysis for BHLB.
Is Berkshire Hills Bancorp a good dividend stock?: Berkshire Hills Bancorp (NYSE:BHLB) pays an annual dividend of $0.72 per share and currently has a dividend yield of 3.44%. The dividend payout ratio is 45.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 29.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BHLB.
What is Sean Gray's approval rating as Berkshire Hills Bancorp's CEO?: 7 employees have rated Berkshire Hills Bancorp Chief Executive Officer Sean Gray on Glassdoor.com. Sean Gray has an approval rating of 78% among the company's employees.
What other stocks do shareholders of Berkshire Hills Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Berkshire Hills Bancorp investors own include Starbucks (SBUX), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), International Business Machines (IBM), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Boeing (BA), Dominion Energy (D) and FTAI Aviation (FTAI).
How do I buy shares of Berkshire Hills Bancorp?: Shares of BHLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BHLB) was last updated on 4/16/2024 by MarketBeat.com Staff

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Berkshire Hills Bancorp (BHLB) Stock Price, News & Analysis

Berkshire Hills Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Berkshire Hills Bancorp Stock (NYSE:BHLB)

BHLB Stock Price History

BHLB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

BHLB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™