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The Next Big Crisis Is Here (Ad)
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Cassava Sciences Stock Undervalued with Its $124 Price Target?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
NYSE:BHLB

Berkshire Hills Bancorp - BHLB Stock Forecast, Price & News

$30.23
-0.77 (-2.48%)
(As of 01/27/2023 08:54 PM ET)
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Compare
Today's Range
$30.19
$31.27
50-Day Range
$28.07
$31.57
52-Week Range
$23.62
$31.63
Volume
285,600 shs
Average Volume
325,356 shs
Market Capitalization
$1.36 billion
P/E Ratio
14.89
Dividend Yield
2.38%
Price Target
$29.25

Berkshire Hills Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.2% 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
0.75mentions of Berkshire Hills Bancorp in the last 14 days
Based on 7 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.

2.07 out of 5 stars

Finance Sector

586th out of 891 stocks

Savings Institutions, Except Federal Industry

14th out of 17 stocks


BHLB stock logo

About Berkshire Hills Bancorp (NYSE:BHLB) Stock

Berkshire Hills Bancorp, Inc. operates as the 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 offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

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BHLB Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
BERKSHIRE HILLS REPORTS RECORD FOURTH QUARTER RESULTS
Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Short Interest Update
Berkshire Hills Bancorp Names New Executives
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
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
Berkshire Hills Bancorp, Inc. (BHLB)
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
1/30/2023
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
-3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$118.66 million
Pretax Margin
24.95%

Debt

Sales & Book Value

Annual Sales
$456.19 million
Cash Flow
$2.04 per share
Book Value
$21.19 per share

Miscellaneous

Free Float
44,620,000
Market Cap
$1.36 billion
Optionable
Optionable
Beta
0.99

Key Executives

  • Mr. Nitin J. MhatreMr. Nitin J. Mhatre (Age 52)
    Pres, CEO & Director
    Comp: $1.66M
  • Mr. Sean A. Gray (Age 47)
    Sr. EVP & COO
    Comp: $1.24M
  • Mr. George F. Bacigalupo (Age 68)
    Exec. VP & Head of Commercial Banking
    Comp: $656.07k
  • Mr. Gregory D. Lindenmuth (Age 55)
    EVP & Chief Risk Officer
    Comp: $449.65k
  • Mr. Brett Brbovic (Age 42)
    Sr. VP and Chief Accounting Officer & Interim Chief Financial Officer
  • Mr. Kevin Conn
    Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Wm. Gordon Prescott Esq.Mr. Wm. Gordon Prescott Esq. (Age 61)
    EVP, Gen. Counsel & Corp. Sec.
  • Ms. Ashlee Flores
    Exec. VP & Chief Compliance Officer
  • Alison Skratt
    Head of Communications
  • Ms. Elizabeth A. Mach
    Sr. VP & Marketing Officer













BHLB Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last twelve months. There are currently 2 sell ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 12-month price targets 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 3.2%.
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 on January 1st, 2023. Since then, BHLB shares have increased by 1.1% and is now trading at $30.23.
View the best growth stocks for 2023 here
.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 2,420,000 shares, a drop of 10.0% from the December 15th total of 2,690,000 shares. Based on an average daily volume of 307,300 shares, the short-interest ratio is currently 7.9 days. Approximately 5.5% of the shares of the company 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 earnings results on Thursday, January, 26th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The savings and loans company had revenue of $137.04 million for the quarter, compared to analyst estimates of $111.35 million. Berkshire Hills Bancorp had a trailing twelve-month return on equity of 10.04% and a net margin of 20.28%. During the same period in the prior year, the business posted $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 declared a quarterly dividend on Friday, November 4th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.18 per share on Thursday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change 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 2.38%. 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 many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%), Louisiana State Employees Retirement System (0.05%), New York State Teachers Retirement System (0.03%) and Natixis Advisors L.P. (0.03%). 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 $30.23.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.36 billion and generates $456.19 million in revenue each year. The savings and loans company earns $118.66 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 1/30/2023 by MarketBeat.com Staff