Berkshire Hills Bancorp - BHLB Stock Forecast, Price & News

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.
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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.

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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our BHLB earnings forecast.

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.

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.

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.

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."

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.
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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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One share of BHLB stock can currently be purchased for approximately $31.40.

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.

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