Positive News SentimentPositive NewsNYSE:BHLB Berkshire Hills Bancorp (BHLB) Stock Forecast, Price & News $22.97 -0.20 (-0.86%) (As of 11:14 AM ET) Add Compare Share Share Today's Range$22.89▼$23.2250-Day Range$18.84▼$25.0652-Week Range$18.07▼$31.63Volume21,106 shsAverage Volume320,651 shsMarket Capitalization$1.02 billionP/E Ratio10.25Dividend Yield3.13%Price Target$29.40 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Berkshire Hills Bancorp MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside28.0% Upside$29.40 Price TargetShort InterestHealthy3.60% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.81Upright™ Environmental ScoreNews SentimentN/AInsider TradingAcquiring Shares$142,028 Bought Last QuarterProj. Earnings Growth4.62%From $2.38 to $2.49 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.2.81 out of 5 starsFinance Sector169th out of 863 stocksSavings Institutions, Except Federal Industry4th out of 16 stocks 3.1 Analyst's Opinion Consensus RatingBerkshire Hills Bancorp has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.40, Berkshire Hills Bancorp has a forecasted upside of 28.0% from its current price of $22.97.Amount of Analyst CoverageBerkshire Hills Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.60% 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 4.5.Change versus previous monthShort interest in Berkshire Hills Bancorp has recently decreased by 12.36%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldBerkshire Hills Bancorp pays a meaningful dividend of 3.06%, 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 32.14%. 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 28.92% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend. Previous Next 2.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBerkshire Hills Bancorp has received a 16.05% 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", "Development loans for corporations", "Wire transfer services", "Home contents insurance services for individuals", and "Passenger car insurance services for individuals" products. See details.Environmental SustainabilityThe Environmental Impact score for Berkshire Hills Bancorp is -0.81. Previous Next 2.6 News and Social Media Coverage News SentimentBerkshire Hills Bancorp has a news sentiment score of 1.76. 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 higher news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Berkshire Hills Bancorp this week, compared to 2 articles on an average week. 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 $142,028.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.83% of the stock of Berkshire Hills Bancorp is held by insiders.Percentage Held by Institutions80.73% 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 grow by 4.62% in the coming year, from $2.38 to $2.49 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Berkshire Hills Bancorp is 10.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Berkshire Hills Bancorp is 10.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 143.68.Price to Book Value per Share RatioBerkshire Hills Bancorp has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Berkshire Hills Bancorp (NYSE:BHLB) StockBerkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank and Berkshire Insurance Group, Inc. The firm offers deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas. It aims to expand and deepen market share and wallet share through organic growth and acquisition strategies. The company was founded in June 2000 and is headquartered in Boston, MA.Read More 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 BHLB Stock News HeadlinesMay 26, 2023 | americanbankingnews.comBerkshire Hills Bancorp, Inc. (NYSE:BHLB) Receives $29.40 Consensus Price Target from AnalystsMay 20, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Coverage Initiated at StockNews.comJune 9, 2023 | PressReach (Ad)This Stock's Worth ResearchingUncover the buzz behind this trending stock. Read the comprehensive report here.May 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 DividendMay 5, 2023 | americanbankingnews.comNitin J. Mhatre Acquires 2,100 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) StockMay 4, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Hits New 12-Month Low at $20.24June 9, 2023 | Edge On The Street (Ad)Soaring EV Industry Keeps Investor Focus on LithiumThe need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.April 29, 2023 | americanbankingnews.comAnalysts Set Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Price Target at $29.40April 27, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Hits New 12-Month Low at $21.25April 26, 2023 | finance.yahoo.comBerkshire Releases Environmental, Social & Governance (ESG) ReportApril 25, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Price Target Cut to $26.00April 23, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Shares Down 4.8% on Analyst DowngradeApril 22, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Posts Earnings Results, Hits EstimatesApril 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 18, 2023 | americanbankingnews.comBerkshire Hills Bancorp (BHLB) Set to Announce Quarterly Earnings on ThursdayApril 10, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Given New $27.00 Price Target at Keefe, Bruyette & WoodsApril 6, 2023 | msn.comKeefe, Bruyette & Woods Maintains Berkshire Hills Bancorp (BHLB) Market Perform RecommendationApril 5, 2023 | americanbankingnews.comBerkshire Hills Bancorp (NYSE:BHLB) Lowered to Sell at StockNews.comApril 4, 2023 | americanbankingnews.comBerkshire Hills Bancorp, Inc. (NYSE:BHLB) Receives $29.25 Average PT from AnalystsMarch 28, 2023 | finance.yahoo.com3 Savings & Loan Stocks to Watch Despite SVB, SBNY FiascoMarch 27, 2023 | americanbankingnews.comStockNews.com Downgrades Berkshire Hills Bancorp (NYSE:BHLB) to SellMarch 20, 2023 | seekingalpha.comBerkshire Hills Bancorp: Consider Valuations And Shareholder Capital ReturnMarch 16, 2023 | finance.yahoo.com10 Best Stocks to Buy for Medium TermFebruary 3, 2023 | msn.comBerkshire Hills Bancorp declares $0.18 dividendSee More Headlines BHLB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BHLB Company Calendar Last Earnings4/20/2023Ex-Dividend for 6/1 Dividend5/17/2023Dividend Payable6/01/2023Today6/09/2023Next Earnings (Estimated)7/19/2023Fiscal Year End12/31/2023Get 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 Forecast$29.40 High Stock Price Forecast$34.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside+26.8%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.24 Trailing P/E Ratio10.35 Forward P/E Ratio9.74 P/E GrowthN/ANet Income$92.53 million Net Margins19.62% Pretax Margin23.90% Return on Equity10.99% Return on Assets0.92% Debt Debt-to-Equity Ratio0.13 Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$437.93 million Price / Sales2.34 Cash Flow$2.73 per share Price / Cash Flow8.48 Book Value$21.19 per share Price / Book1.09Miscellaneous Outstanding Shares44,277,000Free Float43,467,000Market Cap$1.03 billion OptionableOptionable Beta0.98 Key ExecutivesNitin J. MhatrePresident, Chief Executive Officer & DirectorR. David RosatoChief Financial Officer & Senior Executive VPJason T. WhiteChief Information Officer & Senior Executive VPAshlee FloresChief Compliance Officer & Executive VPSean A. GraySenior Executive Vice PresidentKey CompetitorsHome BancorpNASDAQ:HBCPHeritage FinancialNASDAQ:HFWAGreene County BancorpNASDAQ:GCBCSouthern Missouri BancorpNASDAQ:SMBCBlue Foundry BancorpNASDAQ:BLFYView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 91,315 shares on 5/22/2023Ownership: 0.588%JPMorgan Chase & Co.Bought 46,291 shares on 5/18/2023Ownership: 0.248%New York State Common Retirement FundSold 9,390 shares on 5/18/2023Ownership: 0.051%Thrivent Financial for LutheransSold 115,718 shares on 5/17/2023Ownership: 1.131%Belpointe Asset Management LLCBought 525 shares on 5/16/2023Ownership: 0.012%View All Insider TransactionsView All Institutional Transactions BHLB Stock - Frequently Asked Questions Should I buy or sell Berkshire Hills Bancorp stock right now? 5 Wall Street equities research 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 2 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023? 5 equities research analysts have issued 1 year price targets for Berkshire Hills Bancorp's shares. Their BHLB share price forecasts range from $26.00 to $34.00. On average, they predict the company's share price to reach $29.40 in the next year. This suggests a possible upside of 26.8% 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 2023? Berkshire Hills Bancorp's stock was trading at $29.90 at the beginning of the year. Since then, BHLB shares have decreased by 22.5% and is now trading at $23.18. View the best growth stocks for 2023 here. Are investors shorting Berkshire Hills Bancorp? Berkshire Hills Bancorp saw a drop in short interest in May. As of May 15th, there was short interest totaling 1,560,000 shares, a drop of 12.4% from the April 30th total of 1,780,000 shares. Based on an average daily trading volume, of 345,200 shares, the short-interest ratio is currently 4.5 days. Currently, 3.6% of the company's shares are short sold. View Berkshire Hills Bancorp's Short Interest. When is Berkshire Hills Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023. View our BHLB earnings forecast. How were Berkshire Hills Bancorp's earnings last quarter? Berkshire Hills Bancorp, Inc. (NYSE:BHLB) issued its earnings results on Thursday, April, 20th. The savings and loans company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The savings and loans company had revenue of $148.92 million for the quarter, compared to analysts' expectations of $116.65 million. Berkshire Hills Bancorp had a net margin of 19.62% and a trailing twelve-month return on equity of 10.99%. During the same quarter in the previous year, the business earned $0.43 EPS. 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, May 5th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.18 per share on Thursday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, May 17th. Read our dividend analysis for BHLB. What ETFs hold Berkshire Hills Bancorp's stock? ETFs with the largest weight of Berkshire Hills Bancorp (NYSE:BHLB) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), Cambria Value and Momentum ETF (VAMO), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Active Factor Small Cap ETF (AFSM) and iShares US Small Cap Value Factor ETF (SVAL). 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 3.33%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 28.92% 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). What is Berkshire Hills Bancorp's stock symbol? Berkshire Hills Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "BHLB." Who are Berkshire Hills Bancorp's major shareholders? Berkshire Hills Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.89%), Dimensional Fund Advisors LP (6.57%), State Street Corp (4.84%), Wellington Management Group LLP (2.62%), Geode Capital Management LLC (1.88%) and Boston Partners (1.55%). Insiders that own company stock include D Jeffrey Templeton, David Brunelle, Jason T White, Jeffrey W Kip, John B Davies, Jonathan I Shulman, Kevin Conn, 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. What is Berkshire Hills Bancorp's stock price today? One share of BHLB stock can currently be purchased for approximately $23.18. How much money does Berkshire Hills Bancorp make? Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.03 billion and generates $437.93 million in revenue each year. The savings and loans company earns $92.53 million in net income (profit) each year or $2.24 on an earnings per share basis. How many employees does Berkshire Hills Bancorp have? The company employs 1,310 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 the company is www.berkshirebank.com. The savings and loans company can be reached via phone at (617) 641-9206, via email at investorrelations@berkshirebank.com, or via fax at 413-443-3587. This page (NYSE:BHLB) was last updated on 6/9/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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