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NYSE:BHLB

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

$22.39
-0.11 (-0.49%)
(As of 02/21/2024 ET)
Today's Range
$22.22
$22.55
50-Day Range
$21.87
$25.50
52-Week Range
$18.07
$29.84
Volume
302,561 shs
Average Volume
262,194 shs
Market Capitalization
$977.77 million
P/E Ratio
13.99
Dividend Yield
3.22%
Price Target
$25.00

Berkshire Hills Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
11.7% Upside
$25.00 Price Target
Short Interest
Bearish
2.30% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.84
Upright™ Environmental Score
News Sentiment
0.05mentions of Berkshire Hills Bancorp in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$4.39 M Sold Last Quarter
Proj. Earnings Growth
18.84%
From $2.07 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.

4.46 out of 5 stars

Finance Sector

214th out of 854 stocks

Savings Institutions, Except Federal Industry

2nd out of 14 stocks


BHLB stock logo

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.

BHLB Stock Price History

BHLB Stock News Headlines

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BHLB Mar 2024 30.000 put
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BHLB: Surprise Q4 Loss Is Nothing To Worry About
New Strong Sell Stocks for January 30th
Q3 2023 Berkshire Hills Bancorp Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 11/30 Dividend
11/15/2023
Dividend Payable
11/30/2023
Last Earnings
1/25/2024
Today
2/22/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Savings institutions, except federal
Sub-Industry
Thrifts & Mortgage Finance
CUSIP
08468010
Employees
1,310
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
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$69.60 million
Pretax Margin
12.65%

Debt

Sales & Book Value

Annual Sales
$619.08 million
Cash Flow
$2.65 per share
Book Value
$23.18 per share

Miscellaneous

Free Float
42,871,000
Market Cap
$977.77 million
Optionable
Optionable
Beta
0.91
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Key Executives















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 analysts have issued 12 month price objectives for Berkshire Hills Bancorp's shares. Their BHLB share price targets range from $24.00 to $26.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 11.7% 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 shares have decreased by 9.8% and is now trading at $22.39.
View the best growth stocks for 2024 here
.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 983,700 shares, an increase of 9.1% from the January 15th total of 901,600 shares. Based on an average daily trading volume, of 209,700 shares, the days-to-cover ratio is currently 4.7 days. Currently, 2.3% of the shares of the company are sold short.
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 Thursday, April 18th 2024.
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, January, 25th. The savings and loans company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.02. The savings and loans company earned $142.15 million during the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.64 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, November 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend 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 3.20%. 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).

Who are Berkshire Hills Bancorp's major shareholders?

Berkshire Hills Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.51%), Dimensional Fund Advisors LP (5.78%), Boston Partners (1.42%), Northern Trust Corp (1.24%), Nuveen Asset Management LLC (0.99%) and Charles Schwab Investment Management Inc. (0.83%). Insiders that own company stock include 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BHLB) was last updated on 2/22/2024 by MarketBeat.com Staff