Berkshire Hills Bancorp Stock Price, News & Analysis (NYSE:BHLB) $20.98 -0.07 (-0.33%) (As of 11/28/2023 ET) Add Compare Share Share Today's Range$20.77▼$21.0050-Day Range$18.48▼$21.7252-Week Range$18.07▼$31.63Volume146,024 shsAverage Volume261,462 shsMarket Capitalization$916.20 millionP/E Ratio9.04Dividend Yield3.43%Price Target$27.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Berkshire Hills Bancorp MarketRank™ Stock AnalysisAnalyst RatingReduce1.67 Rating ScoreUpside/Downside31.9% Upside$27.67 Price TargetShort InterestHealthy3.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.82Upright™ Environmental ScoreNews SentimentN/AInsider TradingAcquiring Shares$259,420 Bought Last QuarterProj. Earnings Growth-4.65%From $2.15 to $2.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.39 out of 5 starsFinance Sector345th out of 860 stocksSavings Institutions, Except Federal Industry6th out of 20 stocks 2.8 Analyst's Opinion Consensus RatingBerkshire Hills Bancorp has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.67, Berkshire Hills Bancorp has a forecasted upside of 31.9% from its current price of $20.98.Amount of Analyst CoverageBerkshire Hills Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.04% of the float of Berkshire Hills Bancorp has been sold short.Short Interest Ratio / Days to CoverBerkshire Hills Bancorp has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Berkshire Hills Bancorp has recently decreased by 2.99%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldBerkshire Hills Bancorp pays a meaningful dividend of 3.41%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthBerkshire Hills Bancorp has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Berkshire Hills Bancorp is 31.03%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 35.12% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend. Previous Next 2.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBerkshire Hills Bancorp has received a 8.35% 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 "Home insurance services for individuals" products. See details.Environmental SustainabilityThe Environmental Impact score for Berkshire Hills Bancorp is -0.82. Previous Next 0.6 News and Social Media Coverage Search Interest1 people have searched for BHLB on MarketBeat in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Berkshire Hills Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $259,420.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.90% of the stock of Berkshire Hills Bancorp is held by insiders.Percentage Held by Institutions82.24% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Berkshire Hills Bancorp are expected to decrease by -4.65% in the coming year, from $2.15 to $2.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Berkshire Hills Bancorp is 9.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Berkshire Hills Bancorp is 9.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.91.Price to Book Value per Share RatioBerkshire Hills Bancorp has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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. It offers various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, tax return preparation, and financial planning; and investment products and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. It also has financial centers in Massachusetts, New York, Connecticut, Rhode Island, and Vermont. The company was founded in 1846 and is headquartered in Boston, Massachusetts.Read More BHLB Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BHLB Stock News HeadlinesNovember 12, 2023 | uk.investing.comBerkshire Hills Bancorp sets ex-dividend date; offers stable dividend yieldNovember 10, 2023 | benzinga.comTuesday Is Your Last Chance To Buy Berkshire Hills Bancorp Before The Dividend PayoutNovember 29, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 10, 2023 | finance.yahoo.comBerkshire Hills Bancorp, Inc. (NYSE:BHLB) Passed Our Checks, And It's About To Pay A US$0.18 DividendOctober 21, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Berkshire Hills Bancorp (NYSE:BHLB) Presents An OpportunityOctober 21, 2023 | finance.yahoo.comQ3 2023 Berkshire Hills Bancorp Inc Earnings CallOctober 20, 2023 | finance.yahoo.comBerkshire Hills Bancorp Inc (BHLB) Reports Q3 2023 Earnings: Net Income of $20 MillionOctober 20, 2023 | finance.yahoo.comBerkshire Hills Bancorp (BHLB) Surpasses Q3 Earnings and Revenue EstimatesNovember 29, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comOctober 20, 2023 | finance.yahoo.comCompared to Estimates, Berkshire Hills (BHLB) Q3 Earnings: A Look at Key MetricsSeptember 29, 2023 | finance.yahoo.comBerkshire Hills Announces Third Quarter 2023 Earnings Release and Conference Call ScheduleSeptember 22, 2023 | finance.yahoo.comMary Callahan Of Berkshire Hills Bancorp Just Spent US$357k On A Handful Of SharesSeptember 15, 2023 | finance.yahoo.comInsider Buying: Berkshire Hills Bancorp Inc CEO Nitin Mhatre Acquires 1,000 SharesAugust 8, 2023 | finance.yahoo.comThose who invested in Berkshire Hills Bancorp (NYSE:BHLB) three years ago are up 133%July 21, 2023 | finance.yahoo.comQ2 2023 Berkshire Hills Bancorp Inc Earnings CallJuly 20, 2023 | finance.yahoo.comBerkshire Hills Reports Second Quarter Net Income of $24 Million, or $0.55 Earnings per ShareJuly 20, 2023 | seekingalpha.comBerkshire Hills Bancorp, Inc. 2023 Q2 - Results - Earnings Call PresentationJuly 19, 2023 | markets.businessinsider.comBerkshire Hills Bancorp is about to announce its earnings — here's what to expectJuly 10, 2023 | finance.yahoo.comBerkshire Hills Announces Allocation of Inaugural $100 Million Sustainability BondJune 29, 2023 | finance.yahoo.comBerkshire Hills Announces Second Quarter 2023 Earnings Release and Conference Call DatesMay 18, 2023 | uk.news.yahoo.comBerkshire Hills Bancorp Senior Vice President of Investor Relations & Corporate Development Acquires 22% More StockMay 18, 2023 | finance.yahoo.comBerkshire Hills Bancorp Senior Vice President of Investor Relations & Corporate Development Acquires 22% More Stock \May 12, 2023 | finance.yahoo.comThere's A Lot To Like About Berkshire Hills Bancorp's (NYSE:BHLB) Upcoming US$0.18 DividendApril 26, 2023 | finance.yahoo.comBerkshire Releases Environmental, Social & Governance (ESG) ReportApril 21, 2023 | finance.yahoo.comQ1 2023 Berkshire Hills Bancorp Inc Earnings CallApril 20, 2023 | seekingalpha.comBerkshire Hills Bancorp, Inc. 2023 Q1 - Results - Earnings Call PresentationApril 6, 2023 | msn.comKeefe, Bruyette & Woods Maintains Berkshire Hills Bancorp (BHLB) Market Perform RecommendationSee More Headlines Receive BHLB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Berkshire Hills Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 8/31 Dividend8/16/2023Dividend Payable8/31/2023Last Earnings10/20/2023Ex-Dividend for 11/30 Dividend11/15/2023Today11/28/2023Dividend Payable11/30/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Savings institutions, except federal Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:BHLB CUSIP08468010 CIK1108134 Webwww.berkshirebank.com Phone(617) 641-9206Fax413-443-3587Employees1,310Year FoundedN/APrice Target and Rating Average Stock Price Target$27.67 High Stock Price Target$34.00 Low Stock Price Target$22.00 Potential Upside/Downside+31.9%Consensus RatingReduce Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.32 Trailing P/E Ratio9.04 Forward P/E Ratio9.76 P/E GrowthN/ANet Income$92.53 million Net Margins16.54% Pretax Margin19.55% Return on Equity10.45% Return on Assets0.84% Debt Debt-to-Equity Ratio0.27 Current Ratio0.90 Quick Ratio0.90 Sales & Book Value Annual Sales$456.19 million Price / Sales2.01 Cash Flow$2.65 per share Price / Cash Flow7.92 Book Value$21.19 per share Price / Book0.99Miscellaneous Outstanding Shares43,670,000Free Float43,277,000Market Cap$916.20 million OptionableOptionable Beta0.93 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Nitin J. Mhatre (Age 52)President, CEO & Director Comp: $1.8MMr. Sean A. Gray (Age 47)Senior EVP & COO Comp: $1.24MMr. Brett Brbovic (Age 42)Senior VP & Chief Accounting Officer Comp: $326.85kMr. Gregory D. Lindenmuth (Age 55)Senior EVP & Chief Risk Officer Comp: $515.78kMr. R. David Rosato (Age 61)Senior EVP & CFO Mr. Kevin ConnSenior Vice President of Investor Relations & Corporate DevelopmentMr. Wm. Gordon Prescott Esq. (Age 61)Senior EVP, General Counsel & Corporate Secretary Ms. Ashlee Flores (Age 38)Executive VP & Chief Compliance Officer Alison SkrattHead of CommunicationsMs. Elizabeth A. MachSenior VP & Marketing OfficerMore ExecutivesKey CompetitorsHingham Institution for SavingsNASDAQ:HIFSHeritage FinancialNASDAQ:HFWASouthern Missouri BancorpNASDAQ:SMBCNortheast Community BancorpNASDAQ:NECBTimberland BancorpNASDAQ:TSBKView All CompetitorsInsiders & InstitutionsDeutsche Bank AGSold 4,658 shares on 11/24/2023Ownership: 0.050%Public Sector Pension Investment BoardSold 24,198 shares on 11/22/2023Ownership: 0.125%Comerica BankBought 23,386 shares on 11/21/2023Ownership: 0.054%Jacobs Levy Equity Management Inc.Bought 16,440 shares on 11/17/2023Ownership: 0.471%Tudor Investment Corp Et AlSold 11,994 shares on 11/16/2023Ownership: 0.116%View All Insider TransactionsView All Institutional Transactions BHLB Stock Analysis - Frequently Asked Questions Should I buy or sell Berkshire Hills Bancorp stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" BHLB shares. View BHLB analyst ratings or view top-rated stocks. What is Berkshire Hills Bancorp's stock price target for 2024? 3 brokers have issued 12-month target prices for Berkshire Hills Bancorp's stock. Their BHLB share price targets range from $22.00 to $34.00. On average, they expect the company's share price to reach $27.67 in the next year. This suggests a possible upside of 31.9% 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 2023? Berkshire Hills Bancorp's stock was trading at $29.90 at the start of the year. Since then, BHLB shares have decreased by 29.8% and is now trading at $20.98. View the best growth stocks for 2023 here. When is Berkshire Hills Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024. View our BHLB earnings forecast. How were Berkshire Hills Bancorp's earnings last quarter? Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its earnings results on Friday, October, 20th. The savings and loans company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The savings and loans company earned $109.78 million during the quarter, compared to analysts' expectations of $109.30 million. Berkshire Hills Bancorp had a net margin of 16.54% and a trailing twelve-month return on equity of 10.45%. 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 Friday, November 3rd. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.18 per share on Thursday, November 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, November 15th. 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 3.41%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 35.12% 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). Who are Berkshire Hills Bancorp's major shareholders? Berkshire Hills Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.49%), Fuller & Thaler Asset Management Inc. (2.36%), Boston Partners (1.46%), Northern Trust Corp (1.21%), Bank of New York Mellon Corp (1.14%) and Charles Schwab Investment Management Inc. (0.81%). Insiders that own company stock include D Jeffrey Templeton, David Brunelle, Jason T White, Jeffrey W Kip, Kevin Conn, Mary Anne Callahan, Michael Zaitzeff, Nitin J Mhatre, Rheo A Brouillard, Subhadeep Basu, William H Hughes III and Wm Gordon Prescott. View institutional ownership trends. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NYSE:BHLB) was last updated on 11/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Berkshire Hills Bancorp, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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