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S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
NYSE:BHLB

Berkshire Hills Bancorp Stock Forecast, Price & News

$25.09
-0.10 (-0.40%)
(As of 07/6/2022 12:00 AM ET)
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Today's Range
$24.66
$25.17
50-Day Range
$24.10
$26.52
52-Week Range
$23.15
$31.78
Volume
238,815 shs
Average Volume
263,083 shs
Market Capitalization
$1.20 billion
P/E Ratio
9.72
Dividend Yield
1.91%
Price Target
$28.67

Berkshire Hills Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.3% Upside
$28.67 Price Target
Short Interest
Bearish
3.47% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$31.47 M Sold Last Quarter
Proj. Earnings Growth
10.87%
From $1.84 to $2.04 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.10 out of 5 stars

Finance Sector

497th out of 1,396 stocks

Savings Institutions, Except Federal Industry

6th out of 31 stocks

30 days | 90 days | 365 days | Advanced Chart

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Berkshire Hills Bancorp logo

About Berkshire Hills Bancorp (NYSE:BHLB) Stock

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, NOW, 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, and financial planning; and investment products, financial planning, 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. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

BHLB Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
BERKSHIRE HILLS REPORTS IMPROVED FIRST QUARTER RESULTS
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Berkshire Hills Bancorp declares $0.12 dividend
Berkshire Hills Bancorp(BHLB)
Berkshire Hills Reports Earnings Per Share Growth
See More Headlines

Industry, Sector and Symbol

Industry
Savings institutions, except federal
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
08468010
Employees
1,319
Year Founded
N/A

Company Calendar

Last Earnings
4/20/2022
Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Today
7/07/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$28.67
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+14.3%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
4 Analysts

Profitability

Net Income
$118.66 million
Pretax Margin
34.75%

Debt

Sales & Book Value

Annual Sales
$472.31 million
Cash Flow
$2.03 per share
Book Value
$24.30 per share

Miscellaneous

Free Float
47,429,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
1.04














Berkshire Hills Bancorp Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Berkshire Hills Bancorp stock. 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 analyst ratings for Berkshire Hills Bancorp
or view top-rated stocks.

What is Berkshire Hills Bancorp's stock price forecast for 2022?

4 analysts have issued 12 month price targets for Berkshire Hills Bancorp's shares. Their BHLB stock forecasts range from $23.00 to $32.00. On average, they predict Berkshire Hills Bancorp's stock price to reach $28.67 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
View analysts' price targets for Berkshire Hills Bancorp
or view top-rated stocks among Wall Street analysts.

How has Berkshire Hills Bancorp's stock price performed in 2022?

Berkshire Hills Bancorp's stock was trading at $28.43 on January 1st, 2022. Since then, BHLB shares have decreased by 11.7% and is now trading at $25.09.
View the best growth stocks for 2022 here
.

When is Berkshire Hills Bancorp's next earnings date?

Berkshire Hills Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Berkshire Hills Bancorp
.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its quarterly earnings results on Wednesday, April, 20th. The savings and loans company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The savings and loans company earned $89.74 million during the quarter, compared to analysts' expectations of $93.10 million. Berkshire Hills Bancorp had a trailing twelve-month return on equity of 7.67% and a net margin of 27.75%. During the same period in the prior year, the firm earned $0.32 earnings per share.
View Berkshire Hills Bancorp's earnings history
.

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

Berkshire Hills Bancorp announced a quarterly dividend on Friday, April 29th. Investors of record on Thursday, May 12th will be paid a dividend of $0.12 per share on Thursday, May 26th. This represents a $0.48 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, May 11th.
View Berkshire Hills Bancorp's dividend history
.

Is Berkshire Hills Bancorp a good dividend stock?

Berkshire Hills Bancorp(NYSE:BHLB) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.91%. The dividend payout ratio of Berkshire Hills Bancorp is 18.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 23.53% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.
View Berkshire Hills Bancorp's dividend history.

Who are Berkshire Hills Bancorp's key executives?

Berkshire Hills Bancorp's management team includes the following people:
  • Mr. Nitin J. Mhatre, Pres, CEO & Director (Age 51, Pay $1.66M) (LinkedIn Profile)
  • Mr. Subhadeep Basu, Sr. EVP & CFO (Age 51, Pay $718.39k) (LinkedIn Profile)
  • Mr. Sean A. Gray, Sr. EVP & COO (Age 46, Pay $1.24M)
  • Ms. Deborah A. Stephenson, Sr. EVP & Chief Compliance and Regulatory Officer (Age 51, Pay $412.54k)
  • Mr. George F. Bacigalupo, Exec. VP & Head of Commercial Banking (Age 67, Pay $656.07k)
  • Mr. Gregory D. Lindenmuth, EVP & Chief Risk Officer (Age 54, Pay $449.65k)
  • Mr. Brett Brbovic, Sr. VP & Chief Accounting Officer (Age 41)
  • Mr. Kevin Conn, Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Wm. Gordon Prescott Esq., EVP, Gen. Counsel & Corp. Sec. (Age 60) (LinkedIn Profile)
  • Alison Skratt, Head of Communications

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

7 employees have rated Berkshire Hills Bancorp CEO Sean Gray on Glassdoor.com. Sean Gray has an approval rating of 78% among Berkshire Hills Bancorp'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 Fortress Transportation and Infrastructure Investors (FTAI).

What is Berkshire Hills Bancorp's stock symbol?

Berkshire Hills Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "BHLB."

How do I buy shares of Berkshire Hills Bancorp?

Shares of BHLB 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.

What is Berkshire Hills Bancorp's stock price today?

One share of BHLB stock can currently be purchased for approximately $25.09.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.20 billion and generates $472.31 million in revenue each year. The savings and loans company earns $118.66 million in net income (profit) each year or $2.58 on an earnings per share basis.

How many employees does Berkshire Hills Bancorp have?

Berkshire Hills Bancorp employs 1,319 workers across the globe.

How can I contact Berkshire Hills Bancorp?

Berkshire Hills Bancorp's mailing address is 60 STATE STREET 38TH FLOOR, BOSTON MA, 02109. The official website for Berkshire Hills Bancorp is www.berkshirebank.com. The savings and loans company can be reached via phone at (800) 773-5601, via email at investorrelations@berkshirebank.com, or via fax at 413-443-3587.

This page (NYSE:BHLB) was last updated on 7/7/2022 by MarketBeat.com Staff

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