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

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.
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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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our BHLB earnings forecast.

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.

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.

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).

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.

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.

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).

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

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.
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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.
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One share of BHLB stock can currently be purchased for approximately $23.18.

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.

The company employs 1,310 workers across the globe.

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.