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

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our BHLB earnings forecast.

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 #".

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.

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.

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.

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."

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 $20.05.

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.

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.