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NYSE:BHLB

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

$27.34
+0.21 (+0.77%)
(As of 07/19/2024 ET)
Today's Range
$27.15
$27.70
50-Day Range
$20.89
$27.34
52-Week Range
$18.31
$27.97
Volume
503,900 shs
Average Volume
286,536 shs
Market Capitalization
$1.18 billion
P/E Ratio
54.68
Dividend Yield
2.63%
Price Target
$26.50

Berkshire Hills Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
3.1% Downside
$26.50 Price Target
Short Interest
Bearish
2.50% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.73
Upright™ Environmental Score
News Sentiment
0.56mentions of Berkshire Hills Bancorp in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$24,222 Bought Last Quarter
Proj. Earnings Growth
14.90%
From $2.08 to $2.39 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.

3.19 out of 5 stars

Finance Sector

343rd out of 856 stocks

Savings Institutions, Except Federal Industry

4th out of 19 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 in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts. It offers loans, such as commercial real estate, commercial and industrial, residential mortgage, and consumer loans. In addition, the company provides wealth management services comprising investment management, trust administration, tax return preparation, and financial planning; and investment products and brokerage services. Further, it offers commercial cash management, online banking and mobile banking, small business banking, and asset based lending services; and debit cards and other electronic fee producing payment services to transaction account customers. It serves its products to personal, commercial, non-profit, and municipal deposit customers. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

BHLB Stock Price History

BHLB Stock News Headlines

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Berkshire Hills Announces Executive Transition
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/20/2024
Dividend Payable
6/28/2024
Last Earnings
7/18/2024
Today
7/21/2024
Next Earnings (Estimated)
10/18/2024
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
1,340
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.50
High Stock Price Target
$31.00
Low Stock Price Target
$24.00
Potential Upside/Downside
-3.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$69.60 million
Pretax Margin
3.39%

Debt

Sales & Book Value

Annual Sales
$619.08 million
Cash Flow
$2.66 per share
Book Value
$23.40 per share

Miscellaneous

Free Float
42,851,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
0.88
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Key Executives


BHLB Stock Analysis - Frequently Asked Questions

How have BHLB shares performed this year?

Berkshire Hills Bancorp's stock was trading at $24.83 at the beginning of 2024. Since then, BHLB shares have increased by 10.1% and is now trading at $27.34.
View the best growth stocks for 2024 here
.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) posted its quarterly earnings data on Thursday, July, 18th. The savings and loans company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The savings and loans company had revenue of $174.24 million for the quarter, compared to the consensus estimate of $108.46 million. Berkshire Hills Bancorp had a net margin of 3.37% and a trailing twelve-month return on equity of 8.61%.

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.

Who are Berkshire Hills Bancorp's major shareholders?

Top institutional shareholders of Berkshire Hills Bancorp include Assenagon Asset Management S.A. (0.64%), Beese Fulmer Investment Management Inc. (0.03%), Berkshire Bank (0.02%) and ST Germain D J Co. Inc. (0.01%). Insiders that own company stock include Nitin J Mhatre, Michael Zaitzeff, Mary Anne Callahan, David Brunelle, William H Hughes III, Wm Gordon Prescott, Jeffrey W Kip, Ellen Tulchiner, Baye Adofo-Wilson and Jason T White.
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.

What other stocks do shareholders of Berkshire Hills Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Berkshire Hills Bancorp investors own include Starbucks (SBUX), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), International Business Machines (IBM), JPMorgan Chase & Co. (JPM) and AbbVie (ABBV).

This page (NYSE:BHLB) was last updated on 7/21/2024 by MarketBeat.com Staff

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