NYSE:BHLBBerkshire Hills Bancorp Stock Price, Forecast & News

$10.73

-0.03 (-0.28 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$10.72

Now: $10.73▼

$11.43

50-Day Range

$9.84

MA: $13.15▼

$18.48

52-Week Range

$9.15

Now: $10.73▼

$33.72

Volume532,200 shs

Average Volume366,758 shs

Market Capitalization$538.49 million

P/E Ratio10.03

Dividend Yield8.95%

Beta1.3

Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it provides retail and commercial electronic banking, commercial cash management, online banking, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. Further, the company, through its subsidiary, Berkshire Insurance Group, Inc., offers personal and commercial property, and casualty insurance; employee benefits insurance; and life, health, and financial services insurance products. It serves retail, commercial, not- profit, and municipal deposit customers. As of December 31, 2018, the company operated 115 full-service branches in Massachusetts, New York, Connecticut, Vermont, Central New Jersey, and Eastern Pennsylvania. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

Beat the Market (BTM) Rank^™

2.8 Analyst's Opinion

Consensus Rating
Berkshire Hills Bancorp has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $23.50, Berkshire Hills Bancorp has a potential upside of 119.0% from its current price of $10.73.
Amount of Analyst Coverage
Berkshire Hills Bancorp has only been the subject of 2 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Berkshire Hills Bancorp has received 248 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Berkshire Hills Bancorp has received 401 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Berkshire Hills Bancorp has received 61.79% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Berkshire Hills Bancorp and other stocks. Vote “Outperform” if you believe BHLB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BHLB will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Berkshire Hills Bancorp is a leading dividend payer. It pays a dividend yield of 8.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Berkshire Hills Bancorp has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of Berkshire Hills Bancorp is 40.00 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 68.57 % next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Berkshire Hills Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $31,307.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.60% of the stock of Berkshire Hills Bancorp is held by insiders.
Percentage Held by Institutions
77.09% of the stock of Berkshire Hills Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Berkshire Hills Bancorp are expected to grow by 86.67% in the coming year, from $0.75 to $1.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Berkshire Hills Bancorp is 10.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Berkshire Hills Bancorp is 10.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.64.
Price to Book Value per Share Ratio
Berkshire Hills Bancorp has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.33 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Savings institutions, except federal

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNYSE:BHLB

Previous Symbol

CUSIP08468010

CIK1108134

Webwww.berkshirebank.com

Phone800-773-5601

Debt

Debt-to-Equity Ratio0.61

Current Ratio0.99

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio10.03

Forward P/E Ratio14.31

P/E GrowthN/A

Sales & Book Value

Annual Sales$593.52 million

Price / Sales0.91

Cash Flow$2.59 per share

Price / Cash Flow4.15

Book Value$34.40 per share

Price / Book0.31

Profitability

EPS (Most Recent Fiscal Year)$2.40

Net Income$97.45 million

Net Margins9.42%

Return on Equity5.81%

Return on Assets0.75%

Miscellaneous

Employees1,917

Outstanding Shares50,185,000

Market Cap$538.49 million

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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Berkshire Hills Bancorp (NYSE:BHLB) Frequently Asked Questions

How has Berkshire Hills Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Berkshire Hills Bancorp's stock was trading at $19.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BHLB stock has decreased by 43.5% and is now trading at $10.73. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Berkshire Hills Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Berkshire Hills Bancorp.

When is Berkshire Hills Bancorp's next earnings date?

Berkshire Hills Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Berkshire Hills Bancorp.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) posted its quarterly earnings results on Monday, May, 4th. The savings and loans company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.57. The savings and loans company had revenue of $92.06 million for the quarter, compared to analysts' expectations of $107.73 million. Berkshire Hills Bancorp had a return on equity of 5.81% and a net margin of 9.42%. View Berkshire Hills Bancorp's earnings history.

How often does Berkshire Hills Bancorp pay dividends? What is the dividend yield for Berkshire Hills Bancorp?

Berkshire Hills Bancorp declared a quarterly dividend on Monday, January 27th. Stockholders of record on Monday, February 17th will be given a dividend of $0.24 per share on Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 8.95%. The ex-dividend date is Thursday, February 13th. This is a boost from Berkshire Hills Bancorp's previous quarterly dividend of $0.23. View Berkshire Hills Bancorp's dividend history.

What price target have analysts set for BHLB?

3 Wall Street analysts have issued 12-month target prices for Berkshire Hills Bancorp's stock. Their forecasts range from $14.00 to $33.00. On average, they anticipate Berkshire Hills Bancorp's share price to reach $23.50 in the next twelve months. This suggests a possible upside of 119.0% from the stock's current price. View analysts' price targets for Berkshire Hills Bancorp.

Has Berkshire Hills Bancorp been receiving favorable news coverage?

Media coverage about BHLB stock has trended somewhat positive on Wednesday, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Berkshire Hills Bancorp earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned news stories about the savings and loans company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutBerkshire Hills Bancorp.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 530,400 shares, a decrease of 11.3% from the April 30th total of 598,000 shares. Based on an average trading volume of 379,600 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.1% of the company's stock are sold short. View Berkshire Hills Bancorp's Current Options Chain.

Who are some of Berkshire Hills Bancorp's key competitors?

Some companies that are related to Berkshire Hills Bancorp include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), MGIC Investment (MTG), Washington Federal (WAFD), Simply Good Foods (SMPL), Capitol Federal Financial (CFFN), EverBank Financial (EVER), WSFS Financial (WSFS), Walker & Dunlop (WD), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC) and Provident Financial Services (PFS). View all competitors.

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 Exxon Mobil (XOM), Boeing (BA), Dominion Energy (D), IBM (IBM), PepsiCo (PEP), Pfizer (PFE), AT&T (T), AbbVie (ABBV), Abbott Laboratories (ABT) and Mastercard (MA).

Who are Berkshire Hills Bancorp's key executives?

Berkshire Hills Bancorp's management team includes the following people:

Mr. Richard M. Marotta, Pres, CEO & Director (Age 60)
Mr. James M. Moses, Sr. Exec. VP, CFO & Head of Investor Relations (Age 42)
Ms. Linda A. Johnston, Consultant (Age 66)
Mr. Sean A. Gray, Sr. Exec. VP (Age 43)
Mr. George F. Bacigalupo, Sr. Exec. VP (Age 64)

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (13.38%), State Street Corp (3.21%), Victory Capital Management Inc. (2.51%), Victory Capital Management Inc. (2.51%), Invesco Ltd. (2.34%) and Nuveen Asset Management LLC (2.32%). Company insiders that own Berkshire Hills Bancorp stock include David Brunelle, John B Davies, Michael D Carroll, Patrick J Sheehan, Rheo A Brouillard, Richard M Marotta and Wm Gordon Prescott. View institutional ownership trends for Berkshire Hills Bancorp.

Which institutional investors are selling Berkshire Hills Bancorp stock?

BHLB stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, Aristotle Capital Boston LLC, BlackRock Inc., The Manufacturers Life Insurance Company , Morgan Stanley, Morgan Stanley, Hennessy Advisors Inc., and Citigroup Inc.. View insider buying and selling activity for Berkshire Hills Bancorp.

Which institutional investors are buying Berkshire Hills Bancorp stock?

BHLB stock was acquired by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., Federated Hermes Inc., Zurich Insurance Group Ltd FI, State Street Corp, Invesco Ltd., BHZ Capital Management LP, Aigen Investment Management LP, and Assenagon Asset Management S.A.. Company insiders that have bought Berkshire Hills Bancorp stock in the last two years include David Brunelle, John B Davies, Richard M Marotta, and Wm Gordon Prescott. View insider buying and selling activity for Berkshire Hills Bancorp.

How do I buy shares of Berkshire Hills Bancorp?

Shares of BHLB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Berkshire Hills Bancorp's stock price today?

One share of BHLB stock can currently be purchased for approximately $10.73.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $538.49 million and generates $593.52 million in revenue each year. The savings and loans company earns $97.45 million in net income (profit) each year or $2.40 on an earnings per share basis. Berkshire Hills Bancorp employs 1,917 workers across the globe.

What is Berkshire Hills Bancorp's official website?

The official website for Berkshire Hills Bancorp is www.berkshirebank.com.

How can I contact Berkshire Hills Bancorp?

Berkshire Hills Bancorp's mailing address is 60 STATE STREET 38TH FLOOR, BOSTON MA, 02109. The savings and loans company can be reached via phone at 800-773-5601 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff