NYSE:BHLB

Berkshire Hills Bancorp Stock Forecast, Price & News

$27.92
+0.92 (+3.41 %)
(As of 06/21/2021 12:00 AM ET)
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Today's Range
$27.21
$28.41
50-Day Range
$21.15
$28.64
52-Week Range
$8.55
$28.89
Volume461,224 shs
Average Volume351,788 shs
Market Capitalization$1.43 billion
P/E RatioN/A
Dividend Yield1.78%
Beta1.23
30 days | 90 days | 365 days | Advanced Chart
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Berkshire Hills Bancorp logo

About Berkshire Hills Bancorp

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 offers 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., provides personal and commercial property, and casualty insurance; employee benefits insurance; and life, health, and financial services insurance products. It serves personal, commercial, not- profit, and municipal deposit customers. As of December 31, 2020, the company operated 130 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.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.88 out of 5 stars

Finance Sector

302nd out of 1,980 stocks

Savings Institutions, Except Federal Industry

6th out of 35 stocks

Analyst Opinion: 1.3Community Rank: 1.9Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
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Berkshire Hills Bancorp (NYSE:BHLB) Frequently Asked Questions

Is Berkshire Hills Bancorp a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Berkshire Hills Bancorp stock.
View analyst ratings for Berkshire Hills Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Berkshire Hills Bancorp?

Wall Street analysts have given Berkshire Hills Bancorp a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Berkshire Hills Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 1,590,000 shares, an increase of 19.5% from the May 13th total of 1,330,000 shares. Based on an average daily volume of 314,200 shares, the days-to-cover ratio is presently 5.1 days. Currently, 3.4% 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?

Berkshire Hills Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Berkshire Hills Bancorp
.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its quarterly earnings data on Wednesday, April, 28th. The savings and loans company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.19 by $0.13. The savings and loans company earned $101.29 million during the quarter, compared to the consensus estimate of $95.25 million. Berkshire Hills Bancorp had a negative net margin of 106.72% and a positive trailing twelve-month return on equity of 4.29%.
View Berkshire Hills Bancorp's earnings history
.

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

Berkshire Hills Bancorp's stock was trading at $19.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BHLB stock has increased by 46.9% and is now trading at $27.92.
View which stocks have been most impacted by COVID-19
.

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 Saturday, June 19th. Stockholders of record on Tuesday, June 29th will be given a dividend of $0.12 per share on Thursday, July 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, June 28th.
View Berkshire Hills Bancorp's dividend history
.

Is Berkshire Hills Bancorp a good dividend stock?

Berkshire Hills Bancorp pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.78%. Berkshire Hills Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Berkshire Hills Bancorp is 80.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 35.29% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.
View Berkshire Hills Bancorp's dividend history.

What price target have analysts set for BHLB?

4 equities research analysts have issued twelve-month target prices for Berkshire Hills Bancorp's stock. Their forecasts range from $13.00 to $27.00. On average, they expect Berkshire Hills Bancorp's stock price to reach $19.75 in the next twelve months. This suggests that the stock has a possible downside of 29.3%.
View analysts' price targets for Berkshire Hills Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Berkshire Hills Bancorp's key executives?

Berkshire Hills Bancorp's management team includes the following people:
  • Mr. Sean A. Gray, Sr. Exec. VP (Age 45, Pay $993.43k)
  • Mr. George F. Bacigalupo, Sr. Exec. VP (Age 66, Pay $540.07k)
  • Mr. Gregory D. Lindenmuth, Sr. EVP & Chief Risk Officer of Berkshire Bank (Age 53, Pay $364.21k)
  • Mr. Nitin J. Mhatre, Pres, CEO & Director (Age 50)
  • Mr. Subhadeep Basu, Sr. EVP & CFO
  • Mr. Brett Brbovic, Sr. VP & Chief Accounting Officer (Age 40)
  • Mr. Kevin Conn, Sr. VP of Investor Relations & Corp. Devel.
  • Cassandra Giovanni, Corp. Communications Mang.
  • Ms. Elizabeth A. Mach, Sr. VP & Marketing Officer
  • Mr. David H. Gonci, Capital Markets Director (Age 69)

What is Sean Gray's approval rating as Berkshire Hills Bancorp's CEO?

7 employees have rated Berkshire Hills Bancorp CEO Sean Gray on Glassdoor.com. Sean Gray has an approval rating of 78% among Berkshire Hills Bancorp's employees.

Who are some of Berkshire Hills Bancorp's key 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 Starbucks (SBUX), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), International Business Machines (IBM), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), The Boeing (BA), Dominion Energy (D) and Fortress Transportation and Infrastructure Investors (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 BlackRock Inc. (14.77%), Dimensional Fund Advisors LP (6.47%), Aristotle Capital Boston LLC (2.34%), Clark Capital Management Group Inc. (2.13%), Geode Capital Management LLC (1.60%) and Bank of New York Mellon Corp (1.39%). Company insiders that own Berkshire Hills Bancorp stock include D Jeffrey Templeton, John B Davies, Jonathan I Shulman, Kevin Conn, Nitin J Mhatre, Rheo A Brouillard, Subhadeep Basu 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 LSV Asset Management, D. E. Shaw & Co. Inc., Northern Trust Corp, EJF Capital LLC, Dimensional Fund Advisors LP, Thrivent Financial for Lutherans, Los Angeles Capital Management LLC, and Systematic Financial Management LP. Company insiders that have sold Berkshire Hills Bancorp company stock in the last year include D Jeffrey Templeton, and Rheo A Brouillard.
View insider buying and selling activity for Berkshire Hills Bancorp
or view top insider-selling stocks.

Which institutional investors are buying Berkshire Hills Bancorp stock?

BHLB stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., JPMorgan Chase & Co., Geode Capital Management LLC, Clark Capital Management Group Inc., Canada Pension Plan Investment Board, Healthcare of Ontario Pension Plan Trust Fund, Barclays PLC, and Hennessy Advisors Inc.. Company insiders that have bought Berkshire Hills Bancorp stock in the last two years include John B Davies, Jonathan I Shulman, Kevin Conn, Nitin J Mhatre, Subhadeep Basu, and Wm Gordon Prescott.
View insider buying and selling activity for Berkshire Hills Bancorp
or or view top insider-buying stocks.

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 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 $27.92.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp has a market capitalization of $1.43 billion and generates $476.09 million in revenue each year. The savings and loans company earns $-533,020,000.00 in net income (profit) each year or $0.60 on an earnings per share basis.

How many employees does Berkshire Hills Bancorp have?

Berkshire Hills Bancorp employs 1,467 workers across the globe.

What is Berkshire Hills Bancorp's official website?

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

Where are Berkshire Hills Bancorp's headquarters?

Berkshire Hills Bancorp is headquartered at 60 STATE STREET 38TH FLOOR, BOSTON MA, 02109.

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 6/22/2021 by MarketBeat.com Staff
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