Berkshire Hills Bancorp - BHLB Stock Forecast, Price & News

4 Wall Street 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 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 equities research analysts have issued 1 year target prices for Berkshire Hills Bancorp's stock. Their BHLB share price forecasts range from $23.00 to $34.00. On average, they expect the company's stock price to reach $29.25 in the next year. This suggests a possible upside of 16.5% from the stock's current price.
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Berkshire Hills Bancorp's stock was trading at $29.90 on January 1st, 2023. Since then, BHLB stock has decreased by 16.1% and is now trading at $25.10.
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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) issued its earnings results on Thursday, January, 26th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, meeting 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 trailing twelve-month return on equity of 10.04% and a net margin of 20.28%. During the same quarter in the prior year, the firm posted $0.42 EPS.

Berkshire Hills Bancorp declared a quarterly dividend on Friday, February 3rd. Shareholders of record on Thursday, February 16th will be paid a dividend of $0.18 per share on Thursday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, February 15th.
Read our dividend analysis for BHLB.

ETFs with the largest weight of Berkshire Hills Bancorp (NYSE:BHLB) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), Cambria Value and Momentum ETF (VAMO), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Active Factor Small Cap ETF (AFSM), SPDR S&P Regional Banking ETF (KRE) and iShares US Small Cap Value Factor ETF (SVAL).

Berkshire Hills Bancorp (NYSE:BHLB) pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.88%. 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 many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.98%), Alliancebernstein L.P. (3.67%), William Blair Investment Management LLC (2.43%), Geode Capital Management LLC (1.80%), Systematic Financial Management LP (1.74%) and Driehaus Capital Management LLC (1.49%). 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 $25.10.

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.12 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 1,310 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 (617) 641-9206, via email at investorrelations@berkshirebank.com, or via fax at 413-443-3587.