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How major US stock indexes fared Friday 2/3/2023
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“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Jury: Musk didn't defraud investors with 2018 Tesla tweets
Treasury makes more electric SUVs eligible for tax credits
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Closing prices for crude oil, gold and other commodities
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
MarketBeat Week in Review – 1/30 - 2/3
Ford, Starbucks fall; Clorox, Gilead Sciences rise
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
How major US stock indexes fared Friday 2/3/2023
Skull found in '97 in remote Alaska belongs to New York man
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Jury: Musk didn't defraud investors with 2018 Tesla tweets
Treasury makes more electric SUVs eligible for tax credits
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Closing prices for crude oil, gold and other commodities
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
MarketBeat Week in Review – 1/30 - 2/3
Ford, Starbucks fall; Clorox, Gilead Sciences rise
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
How major US stock indexes fared Friday 2/3/2023
Skull found in '97 in remote Alaska belongs to New York man
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Jury: Musk didn't defraud investors with 2018 Tesla tweets
Treasury makes more electric SUVs eligible for tax credits
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Closing prices for crude oil, gold and other commodities
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
MarketBeat Week in Review – 1/30 - 2/3
Ford, Starbucks fall; Clorox, Gilead Sciences rise
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
How major US stock indexes fared Friday 2/3/2023
Skull found in '97 in remote Alaska belongs to New York man
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Jury: Musk didn't defraud investors with 2018 Tesla tweets
Treasury makes more electric SUVs eligible for tax credits
NYSE:BHLB

Berkshire Hills Bancorp - BHLB Stock Forecast, Price & News

$31.40
+0.50 (+1.62%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$30.73
$31.52
50-Day Range
$28.07
$31.57
52-Week Range
$23.62
$31.63
Volume
309,444 shs
Average Volume
320,000 shs
Market Capitalization
$1.41 billion
P/E Ratio
15.47
Dividend Yield
2.33%
Price Target
$29.25

Berkshire Hills Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.8% Downside
$29.25 Price Target
Short Interest
Healthy
5.03% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
1.16mentions of Berkshire Hills Bancorp in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.35%
From $2.45 to $2.63 Per Share

Overall MarketRank

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

2.14 out of 5 stars

Finance Sector

488th out of 858 stocks

Savings Institutions, Except Federal Industry

9th out of 14 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

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
BERKSHIRE HILLS REPORTS RECORD FOURTH QUARTER RESULTS
Berkshire Hills Bancorp Names New Executives
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
BHLB Berkshire Hills Bancorp, Inc.
Berkshire Bank Team Rings NYSE Opening Bell
Berkshire Hills Reports Third Quarter Results
Berkshire Hills Announces Executive Change
Berkshire Hills Bancorp Names Brett Brbovic Interim CFO
See More Headlines
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BHLB Company Calendar

Ex-Dividend for 12/1 Dividend
11/16/2022
Dividend Payable
12/01/2022
Last Earnings
1/26/2023
Today
2/04/2023
Ex-Dividend for 3/2 Dividend
2/15/2023
Dividend Payable
3/02/2023
Next Earnings (Estimated)
4/19/2023
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
1,319
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.25
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
-6.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$92.53 million
Pretax Margin
24.95%

Debt

Sales & Book Value

Annual Sales
$456.19 million
Cash Flow
$2.07 per share
Book Value
$21.19 per share

Miscellaneous

Free Float
44,620,000
Market Cap
$1.41 billion
Optionable
Optionable
Beta
0.99

Key Executives

  • Nitin J. MhatreNitin J. Mhatre
    President, Chief Executive Officer & Director
  • Brett Brbovic
    Senior VP, Chief Financial & Accounting Officer
  • Ashlee Flores
    Chief Compliance Officer & Executive VP
  • Sean A. Gray
    Senior Executive Vice President
  • Gregory D. Lindenmuth
    Chief Risk Officer & Senior Executive VP













BHLB Stock - Frequently Asked Questions

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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 2 sell 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?

4 brokers have issued 12-month target prices for Berkshire Hills Bancorp's shares. Their BHLB share price forecasts range from $23.00 to $34.00. On average, they expect the company's share price to reach $29.25 in the next year. This suggests that the stock has a possible downside of 6.8%.
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 start of the year. Since then, BHLB shares have increased by 5.0% and is now trading at $31.40.
View the best growth stocks for 2023 here
.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a decrease in short interest in December. As of December 30th, there was short interest totaling 2,420,000 shares, a decrease of 10.0% from the December 15th total of 2,690,000 shares. Based on an average trading volume of 307,300 shares, the short-interest ratio is presently 7.9 days. Approximately 5.5% 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, April 19th 2023.
View our BHLB earnings forecast
.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) posted its quarterly earnings results on Thursday, January, 26th. The savings and loans company reported $0.64 earnings per share for the quarter, hitting analysts' consensus estimates of $0.64. The savings and loans company earned $137.04 million during the quarter, compared to analyst estimates of $111.35 million. Berkshire Hills Bancorp had a net margin of 20.28% and a trailing twelve-month return on equity of 10.04%. During the same period in the previous year, the firm earned $0.42 earnings per share.

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, November 4th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.18 per share on Thursday, December 1st. This represents a $0.72 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, November 16th. This is an increase from the stock's previous quarterly dividend of $0.12.
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 2.39%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 27.38% 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 retail and institutional investors. Top institutional investors include Grace & White Inc. NY (0.36%), Elizabeth Park Capital Advisors Ltd. (0.34%), State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%) and Louisiana State Employees Retirement System (0.05%). 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 $31.40.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.41 billion 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 $2.03 on an earnings per share basis.

How many employees does Berkshire Hills Bancorp have?

The company employs 1,319 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 (800) 773-5601, via email at investorrelations@berkshirebank.com, or via fax at 413-443-3587.

This page (NYSE:BHLB) was last updated on 2/4/2023 by MarketBeat.com Staff