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Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Elon Did It Again: This Could be Bigger than Tesla (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Facing increasing pressure from customers, some miners are switching to renewable energy
Elon Did It Again: This Could be Bigger than Tesla (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Elon Did It Again: This Could be Bigger than Tesla (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Facing increasing pressure from customers, some miners are switching to renewable energy
Elon Did It Again: This Could be Bigger than Tesla (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Elon Did It Again: This Could be Bigger than Tesla (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Facing increasing pressure from customers, some miners are switching to renewable energy
Elon Did It Again: This Could be Bigger than Tesla (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
NYSE:BHLB

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

$20.05
+0.15 (+0.75%)
(As of 09/29/2023 ET)
Compare
Today's Range
$19.95
$20.25
50-Day Range
$19.48
$23.22
52-Week Range
$18.07
$31.63
Volume
206,793 shs
Average Volume
237,806 shs
Market Capitalization
$882.40 million
P/E Ratio
8.76
Dividend Yield
3.59%
Price Target
$29.00

Berkshire Hills Bancorp MarketRank™ Forecast

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
44.6% Upside
$29.00 Price Target
Short Interest
Healthy
3.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.76
Upright™ Environmental Score
News Sentiment
0.00mentions of Berkshire Hills Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$251,655 Bought Last Quarter
Proj. Earnings Growth
-0.94%
From $2.12 to $2.10 Per Share

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 stars

Finance Sector

355th out of 873 stocks

Savings Institutions, Except Federal Industry

6th out of 19 stocks


BHLB stock 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, 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 Price History

BHLB Stock News Headlines

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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Q2 2023 Berkshire Hills Bancorp Inc Earnings Call
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Q1 2023 Berkshire Hills Bancorp Inc Earnings Call
10 Best Stocks to Buy for Medium Term
See More Headlines
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BHLB Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 8/31 Dividend
8/16/2023
Dividend Payable
8/31/2023
Today
10/01/2023
Next Earnings (Confirmed)
10/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Savings institutions, except federal
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
08468010
Employees
1,310
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.00
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+44.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$92.53 million
Pretax Margin
21.18%

Debt

Sales & Book Value

Annual Sales
$456.19 million
Cash Flow
$2.67 per share
Book Value
$21.19 per share

Miscellaneous

Free Float
43,204,000
Market Cap
$882.40 million
Optionable
Optionable
Beta
0.99
10 Best Stocks to Own in 2023 Cover

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Key Executives

  • Mr. Nitin J. MhatreMr. Nitin J. Mhatre (Age 52)
    Pres, CEO & Director
    Comp: $1.8M
  • Mr. Sean A. Gray (Age 47)
    Sr. EVP & COO
    Comp: $1.24M
  • Mr. Brett Brbovic (Age 42)
    Sr. VP & Chief Accounting Officer
    Comp: $326.85k
  • Mr. Gregory D. Lindenmuth (Age 55)
    Sr. EVP & Chief Risk Officer
    Comp: $515.78k
  • Mr. R. David Rosato (Age 61)
    Sr. EVP & CFO
  • Mr. Kevin Conn
    Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Wm. Gordon Prescott Esq.Mr. Wm. Gordon Prescott Esq. (Age 61)
    Sr. EVP, Gen. Counsel & Corp. Sec.
  • Ms. Ashlee Flores (Age 38)
    Exec. VP & Chief Compliance Officer
  • Alison Skratt
    Head of Communications
  • Ms. Elizabeth A. Mach
    Sr. VP & Marketing Officer













BHLB Stock - 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 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

4 Wall Street research analysts have issued 1-year price objectives for Berkshire Hills Bancorp's stock. Their BHLB share price forecasts range from $26.00 to $34.00. On average, they anticipate the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 44.6% 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 2023. Since then, BHLB stock has decreased by 32.9% and is now trading at $20.05.
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 Friday, October 20th 2023.
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 Friday, October 20th 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 "850175 #".

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) issued its quarterly earnings results on Thursday, July, 20th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by $0.05. The savings and loans company earned $111.82 million during the quarter, compared to analyst estimates of $112.39 million. Berkshire Hills Bancorp had a trailing twelve-month return on equity of 11.14% and a net margin of 17.72%. During the same period last year, the business posted $0.51 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 Friday, August 4th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.18 per share on Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, August 16th.
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 3.59%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 34.29% 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."

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 $20.05.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $882.40 million and generates $456.19 million in revenue each year. The savings and loans company earns $92.53 million in net income (profit) each year or $2.29 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 10/1/2023 by MarketBeat.com Staff

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