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

$22.97
-0.20 (-0.86%)
(As of 11:14 AM ET)
Compare
Today's Range
$22.89
$23.22
50-Day Range
$18.84
$25.06
52-Week Range
$18.07
$31.63
Volume
21,106 shs
Average Volume
320,651 shs
Market Capitalization
$1.02 billion
P/E Ratio
10.25
Dividend Yield
3.13%
Price Target
$29.40

Berkshire Hills Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
28.0% Upside
$29.40 Price Target
Short Interest
Healthy
3.60% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.81
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$142,028 Bought Last Quarter
Proj. Earnings Growth
4.62%
From $2.38 to $2.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Finance Sector

169th out of 863 stocks

Savings Institutions, Except Federal Industry

4th out of 16 stocks


BHLB stock logo

About Berkshire Hills Bancorp (NYSE:BHLB) Stock

Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank and Berkshire Insurance Group, Inc. The firm offers deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas. It aims to expand and deepen market share and wallet share through organic growth and acquisition strategies. The company was founded in June 2000 and is headquartered in Boston, MA.

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BHLB Stock News Headlines

This Stock's Worth Researching
Uncover the buzz behind this trending stock. Read the comprehensive report here.
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Berkshire Hills Bancorp (NYSE:BHLB) Price Target Cut to $26.00
Q1 2023 Berkshire Hills Bancorp Inc Earnings Call
10 Best Stocks to Buy for Medium Term
See More Headlines

BHLB Price History

BHLB Company Calendar

Last Earnings
4/20/2023
Ex-Dividend for 6/1 Dividend
5/17/2023
Dividend Payable
6/01/2023
Today
6/09/2023
Next Earnings (Estimated)
7/19/2023
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
$29.40
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+26.8%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$92.53 million
Pretax Margin
23.90%

Debt

Sales & Book Value

Annual Sales
$437.93 million
Cash Flow
$2.73 per share
Book Value
$21.19 per share

Miscellaneous

Free Float
43,467,000
Market Cap
$1.03 billion
Optionable
Optionable
Beta
0.98

Key Executives

  • Nitin J. MhatreNitin J. Mhatre
    President, Chief Executive Officer & Director
  • R. David Rosato
    Chief Financial Officer & Senior Executive VP
  • Jason T. WhiteJason T. White
    Chief Information Officer & Senior Executive VP
  • Ashlee Flores
    Chief Compliance Officer & Executive VP
  • Sean A. Gray
    Senior Executive Vice President













BHLB Stock - Frequently Asked Questions

Should I buy or sell Berkshire Hills Bancorp stock right now?

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.
View BHLB analyst ratings
or view top-rated stocks.

What is Berkshire Hills Bancorp's stock price forecast for 2023?

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.

How have BHLB shares performed in 2023?

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
.

Are investors shorting Berkshire Hills Bancorp?

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
.

When is Berkshire Hills Bancorp's next earnings date?

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

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, 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
.

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 3.33%. 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.

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."

Who are Berkshire Hills Bancorp's major shareholders?

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.
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 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 $23.18.

How much money does Berkshire Hills Bancorp make?

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.

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 6/9/2023 by MarketBeat.com Staff

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