NYSE:BHLB - Berkshire Hills Bancorp Stock Price, News, & Analysis

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$29.39 -1.90 (-6.07 %)
(As of 12/12/2018 04:00 PM ET)
Previous Close$31.29
Today's Range$28.74 - $29.89
52-Week Range$30.98 - $44.25
Volume34,810 shs
Average Volume257,036 shs
Market Capitalization$1.45 billion
P/E Ratio12.87
Dividend Yield2.75%
Beta0.95
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 estate 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; interest rate swaps; 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, 2017, the company operated 113 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

Stock Exchange NYSE
Industry Savings institutions, except federal
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNYSE:BHLB
Previous Symbol
CUSIP08468010
Phone800-773-5601

Debt

Debt-to-Equity Ratio0.24
Current Ratio0.91
Quick Ratio0.90

Price-To-Earnings

Trailing P/E Ratio12.87
Forward P/E Ratio10.73
P/E GrowthN/A

Sales & Book Value

Annual Sales$485.95 million
Price / Sales2.75
Cash Flow$1.9528 per share
Price / Cash Flow15.05
Book Value$32.14 per share
Price / Book0.91

Profitability

EPS (Most Recent Fiscal Year)$2.29
Net Income$55.24 million
Net Margins15.64%
Return on Equity8.33%
Return on Assets1.04%

Miscellaneous

Employees1,970
Outstanding Shares45,420,000
Market Cap$1.45 billion
OptionableOptionable

Berkshire Hills Bancorp (NYSE:BHLB) Frequently Asked Questions

What is Berkshire Hills Bancorp's stock symbol?

Berkshire Hills Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "BHLB."

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 Thursday, October 18th. Shareholders of record on Thursday, November 8th will be given a dividend of $0.22 per share on Wednesday, November 21st. This represents a $0.88 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, November 7th. View Berkshire Hills Bancorp's Dividend History.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) released its earnings results on Wednesday, October, 17th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.70. The savings and loans company had revenue of $118.62 million for the quarter, compared to the consensus estimate of $120.17 million. Berkshire Hills Bancorp had a net margin of 15.64% and a return on equity of 8.33%. View Berkshire Hills Bancorp's Earnings History.

When is Berkshire Hills Bancorp's next earnings date?

Berkshire Hills Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Berkshire Hills Bancorp.

What price target have analysts set for BHLB?

5 analysts have issued 12-month price objectives for Berkshire Hills Bancorp's shares. Their forecasts range from $33.00 to $47.00. On average, they expect Berkshire Hills Bancorp's share price to reach $40.6250 in the next year. This suggests a possible upside of 37.9% from the stock's current price. View Analyst Price Targets for Berkshire Hills Bancorp.

What is the consensus analysts' recommendation for Berkshire Hills Bancorp?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Berkshire Hills Bancorp.

Has Berkshire Hills Bancorp been receiving favorable news coverage?

News headlines about BHLB stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Berkshire Hills Bancorp earned a coverage optimism score of 0.6 on InfoTrie's scale. They also assigned headlines about the savings and loans company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the next several days.

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

Who are Berkshire Hills Bancorp's key executives?

Berkshire Hills Bancorp's management team includes the folowing people:
  • Mr. Richard M. Marotta, CEO, Pres & Director (Age 59)
  • Mr. James M. Moses, Sr. Exec. VP, CFO, Principal Accounting Officer & Head of Investor Relations (Age 41)
  • Mr. Sean A. Gary, Sr. Exec. VP (Age 42)
  • Mr. George F. Bacigalupo, Sr. Exec. VP of Commercial Banking (Age 63)
  • Mr. Wm. Gordon Prescott Esq., Sr. VP, Gen. Counsel & Corp. Sec.

Who are Berkshire Hills Bancorp's major shareholders?

Berkshire Hills Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.08%), Dimensional Fund Advisors LP (8.41%), Vanguard Group Inc. (8.35%), LSV Asset Management (2.95%), Renaissance Technologies LLC (1.66%) and Bank of New York Mellon Corp (1.48%). Company insiders that own Berkshire Hills Bancorp stock include James Williar Dunlaevy, John B Davies, Michael D Carroll, Michael P Daly, Patrick J Sheehan, Paul T Bossidy, Richard L Murphy, Richard M Marotta and William J Ryan. View Institutional Ownership Trends for Berkshire Hills Bancorp.

Which major investors are selling Berkshire Hills Bancorp stock?

BHLB stock was sold by a variety of institutional investors in the last quarter, including Teachers Advisors LLC, Nordea Investment Management AB, ClariVest Asset Management LLC, Thrivent Financial for Lutherans, Allianz Asset Management GmbH, Prudential Financial Inc., Dupont Capital Management Corp and AQR Capital Management LLC. View Insider Buying and Selling for Berkshire Hills Bancorp.

Which major investors are buying Berkshire Hills Bancorp stock?

BHLB stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Vanguard Group Inc., Bank of New York Mellon Corp, Aristotle Capital Boston LLC, Legal & General Group Plc, WBI Investments Inc. and MetLife Investment Advisors LLC. Company insiders that have bought Berkshire Hills Bancorp stock in the last two years include John B Davies, Patrick J Sheehan, Paul T Bossidy, Richard L Murphy and William J Ryan. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Berkshire Hills Bancorp's stock price today?

One share of BHLB stock can currently be purchased for approximately $29.45.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $1.45 billion and generates $485.95 million in revenue each year. The savings and loans company earns $55.24 million in net income (profit) each year or $2.29 on an earnings per share basis. Berkshire Hills Bancorp employs 1,970 workers across the globe.

What is Berkshire Hills Bancorp's official website?

The official website for Berkshire Hills Bancorp is http://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]


MarketBeat Community Rating for Berkshire Hills Bancorp (NYSE BHLB)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  189 (Vote Outperform)
Underperform Votes:  287 (Vote Underperform)
Total Votes:  476
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.
This page was last updated on 12/12/2018 by MarketBeat.com Staff

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