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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" BHLB shares.
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3 brokers have issued 12-month target prices for Berkshire Hills Bancorp's stock. Their BHLB share price targets range from $22.00 to $34.00. On average, they expect the company's share price to reach $27.67 in the next year. This suggests a possible upside of 31.9% from the stock's current price.
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Berkshire Hills Bancorp's stock was trading at $29.90 at the start of the year. Since then, BHLB shares have decreased by 29.8% and is now trading at $20.98.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our BHLB earnings forecast.

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its earnings results on Friday, October, 20th. The savings and loans company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The savings and loans company earned $109.78 million during the quarter, compared to analysts' expectations of $109.30 million. Berkshire Hills Bancorp had a net margin of 16.54% and a trailing twelve-month return on equity of 10.45%.

Berkshire Hills Bancorp declared a quarterly dividend on Friday, November 3rd. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.18 per share on Thursday, November 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, November 15th.
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 3.41%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 35.12% 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's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.49%), Fuller & Thaler Asset Management Inc. (2.36%), Boston Partners (1.46%), Northern Trust Corp (1.21%), Bank of New York Mellon Corp (1.14%) and Charles Schwab Investment Management Inc. (0.81%). Insiders that own company stock include D Jeffrey Templeton, David Brunelle, Jason T White, Jeffrey W Kip, Kevin Conn, Mary Anne Callahan, 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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