S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
NYSE:BHLB

Berkshire Hills Bancorp Stock Forecast, Price & News

$27.41
-0.44 (-1.58%)
(As of 11/29/2021 12:00 AM ET)
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Today's Range
$27.40
$28.52
50-Day Range
$24.38
$28.80
52-Week Range
$16.31
$29.16
Volume
355,351 shs
Average Volume
197,789 shs
Market Capitalization
$1.33 billion
P/E Ratio
11.92
Dividend Yield
1.72%
Beta
1.17
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 and Berkshire Insurance Group, Inc. The firm offers deposit, lending, insurance, and wealth management products to retail and commercial customers in its market areas. It aims to expand and deepen market share and wallet share through organic growth and acquisition strategies. The company was founded in June 2000 and is headquartered in Pittsfield, MA.

Headlines

Berkshire Hills Bancorp (NYSE:BHLB) Hits New 52-Week High at $29.04
November 8, 2021 |  americanbankingnews.com
Berkshire Hills Reports Earnings Per Share Growth
October 21, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Savings institutions, except federal
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
08468010
Employees
1,505
Year Founded
N/A

Sales & Book Value

Annual Sales
$476.09 million
Cash Flow
$11.57 per share
Book Value
$23.37 per share

Profitability

Net Income
$-533.02 million
Pretax Margin
28.94%

Debt

Price-To-Earnings

Miscellaneous

Free Float
48,221,000
Market Cap
$1.33 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/20/2021
Ex-Dividend
11/09/2021
Dividend Payable
11/24/2021
Today
11/30/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/24/2022

MarketRank

Overall MarketRank

2.25 out of 5 stars

Finance Sector

367th out of 1,340 stocks

Savings Institutions, Except Federal Industry

5th out of 30 stocks

Analyst Opinion: 1.2Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -












Berkshire Hills Bancorp (NYSE:BHLB) Frequently Asked Questions

Is Berkshire Hills Bancorp a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Berkshire Hills Bancorp stock. 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 analyst ratings for Berkshire Hills Bancorp
or view top-rated stocks.

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

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 increased by 44.3% and is now trading at $27.41.
View which stocks have been most impacted by COVID-19
.

When is Berkshire Hills Bancorp's next earnings date?

Berkshire Hills Bancorp is scheduled to release its next quarterly earnings announcement on Monday, January 24th 2022.
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 data on Wednesday, October, 20th. The savings and loans company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.92. Berkshire Hills Bancorp had a trailing twelve-month return on equity of 6.60% and a net margin of 23.12%. During the same quarter in the prior year, the company earned $0.53 EPS.
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, November 1st. Stockholders of record on Thursday, November 11th will be given a dividend of $0.12 per share on Wednesday, November 24th. This represents a $0.48 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, November 9th.
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 1.72%. Berkshire Hills Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Berkshire Hills Bancorp is 20.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 30.77% 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?

5 equities research analysts have issued twelve-month target prices for Berkshire Hills Bancorp's stock. Their forecasts range from $23.00 to $32.00. On average, they expect Berkshire Hills Bancorp's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
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:
  • Nitin J. Mhatre, President, Chief Executive Officer & Director (LinkedIn Profile)
  • Subhadeep Basu, Chief Financial Officer & Senior Executive VP (LinkedIn Profile)
  • Deborah A. Stephenson, Senior Executive VP-Compliance & Regulatory
  • Sean A. Gray, Senior Executive Vice President
  • Georgia Melas, Chief Credit Officer & Senior Executive VP

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.

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 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.80%), Dimensional Fund Advisors LP (5.95%), Alliancebernstein L.P. (3.54%), William Blair Investment Management LLC (3.15%), Invesco Ltd. (1.95%) and Geode Capital Management LLC (1.80%). Company insiders that own Berkshire Hills Bancorp stock include D Jeffrey Templeton, David Brunelle, Jason T White, 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 The Manufacturers Life Insurance Company , BlackRock Inc., Dimensional Fund Advisors LP, Balyasny Asset Management LLC, Thrivent Financial for Lutherans, Hennessy Advisors Inc., BHZ Capital Management LP, and Goldman Sachs Group Inc.. Company insiders that have sold Berkshire Hills Bancorp company stock in the last year include D Jeffrey Templeton, Jason T White, 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 William Blair Investment Management LLC, Alliancebernstein L.P., Two Sigma Investments LP, Jennison Associates LLC, Millennium Management LLC, Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, 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, 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 $27.41.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp has a market capitalization of $1.33 billion and generates $476.09 million in revenue each year. The savings and loans company earns $-533.02 million in net income (profit) each year or $2.30 on an earnings per share basis.

How many employees does Berkshire Hills Bancorp have?

Berkshire Hills Bancorp employs 1,505 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, via email at [email protected], or via fax at 413-443-3587.


This page was last updated on 11/30/2021 by MarketBeat.com Staff

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