NYSE:BHLB

Berkshire Hills Bancorp Stock Forecast, Price & News

$10.11

+0.29 (+2.95 %)

(As of 09/30/2020 12:00 AM ET)

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Today's Range

$9.86

Now: $10.11▼

$10.38

50-Day Range

$8.71

MA: $9.61▼

$10.58

52-Week Range

$8.55

Now: $10.11▼

$33.72

Volume705,436 shs

Average Volume472,382 shs

Market Capitalization$509.31 million

P/E RatioN/A

Dividend Yield4.89%

Beta1.22

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 provides retail and commercial 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., 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, 2018, the company operated 115 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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Berkshire Hills Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.00, Berkshire Hills Bancorp has a forecasted upside of 28.6% from its current price of $10.11.
Amount of Analyst Coverage
Berkshire Hills Bancorp has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Berkshire Hills Bancorp has received 252 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Berkshire Hills Bancorp has received 411 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Berkshire Hills Bancorp has received 61.99% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Berkshire Hills Bancorp is a leading dividend payer. It pays a dividend yield of 4.89%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Berkshire Hills Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Berkshire Hills Bancorp is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 61.54% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Berkshire Hills Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,193.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.60% of the stock of Berkshire Hills Bancorp is held by insiders.
Percentage Held by Institutions
75.41% of the stock of Berkshire Hills Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Berkshire Hills Bancorp are expected to grow by 766.67% in the coming year, from $0.09 to $0.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Berkshire Hills Bancorp is -0.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Berkshire Hills Bancorp is -0.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Berkshire Hills Bancorp has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.00 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Savings institutions, except federal

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNYSE:BHLB

Previous Symbol

CUSIP08468010

CIK1108134

Webwww.berkshirebank.com

Phone800-773-5601

Debt

Debt-to-Equity Ratio0.57

Current Ratio0.95

Quick Ratio0.94

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio112.33

P/E GrowthN/A

Sales & Book Value

Annual Sales$593.52 million

Price / Sales0.86

Cash Flow$2.79 per share

Price / Cash Flow3.63

Book Value$34.40 per share

Price / Book0.29

Profitability

EPS (Most Recent Fiscal Year)$2.40

Net Income$97.45 million

Net Margins-95.25%

Return on Equity3.87%

Return on Assets0.46%

Miscellaneous

Employees1,917

Outstanding Shares50,377,000

Market Cap$509.31 million

Next Earnings Date10/26/2020 (Estimated)

OptionableOptionable

$10.11

+0.29 (+2.95 %)

(As of 09/30/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Berkshire Hills Bancorp (NYSE:BHLB) Frequently Asked Questions

How has Berkshire Hills Bancorp's stock been impacted by Coronavirus?

Berkshire Hills Bancorp's stock was trading at $19.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BHLB stock has decreased by 46.8% and is now trading at $10.11.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Berkshire Hills Bancorp?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Berkshire Hills Bancorp.

When is Berkshire Hills Bancorp's next earnings date?

Berkshire Hills Bancorp is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
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, July, 29th. The savings and loans company reported ($0.13) EPS for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.25. The savings and loans company earned $94.97 million during the quarter, compared to analyst estimates of $105.70 million. Berkshire Hills Bancorp had a negative net margin of 95.25% and a positive return on equity of 3.87%.
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 Tuesday, September 8th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.12 per share on Wednesday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Monday, September 21st.
View Berkshire Hills Bancorp's dividend history.

What price target have analysts set for BHLB?

4 equities research analysts have issued 12-month price targets for Berkshire Hills Bancorp's shares. Their forecasts range from $12.50 to $13.50. On average, they expect Berkshire Hills Bancorp's share price to reach $13.00 in the next year. This suggests a possible upside of 28.6% from the stock's current price.
View analysts' price targets for Berkshire Hills Bancorp.

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

Some companies that are related to Berkshire Hills Bancorp include People's United Financial (PBCT), TFS Financial (TFSL), Lendingtree (TREE), New York Community Bancorp (NYCB), MGIC Investment (MTG), Radian Group (RDN), Simply Good Foods (SMPL), Walker & Dunlop (WD), Washington Federal (WAFD), WSFS Financial (WSFS), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), EverBank Financial (EVER), At Home Group (HOME) and Oritani Financial (ORIT).
View all 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 Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), IBM (IBM), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Boeing (BA), Dominion Energy (D), Fortress Transprtn and Infr Investrs (FTAI) and Johnson & Johnson (JNJ).

Who are Berkshire Hills Bancorp's key executives?

Berkshire Hills Bancorp's management team includes the following people:

Mr. Richard M. Marotta, Pres, CEO & Director (Age 60)
Mr. James M. Moses, Sr. Exec. VP, CFO & Head of Investor Relations (Age 42)
Ms. Linda A. Johnston, Consultant (Age 66)
Mr. Sean A. Gray, Sr. Exec. VP (Age 43)
Mr. George F. Bacigalupo, Sr. Exec. VP (Age 64)

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 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, Robinhood, Fidelity, and Charles Schwab.

What is Berkshire Hills Bancorp's stock price today?

One share of BHLB stock can currently be purchased for approximately $10.11.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $509.31 million and generates $593.52 million in revenue each year. The savings and loans company earns $97.45 million in net income (profit) each year or $2.40 on an earnings per share basis. Berkshire Hills Bancorp employs 1,917 workers across the globe.

What is Berkshire Hills Bancorp's official website?

The official website for Berkshire Hills Bancorp is 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]

This page was last updated on 9/30/2020 by MarketBeat.com Staff

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