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

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$42.35 +0.15 (+0.36 %)
(As of 09/20/2018 06:27 AM ET)
Previous Close$42.20
Today's Range$42.25 - $42.83
52-Week Range$35.10 - $44.25
Volume209,800 shs
Average Volume163,891 shs
Market Capitalization$1.92 billion
P/E Ratio18.49
Dividend Yield2.09%
Beta0.73
Berkshire Hills Bancorp logoBerkshire 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
SymbolNYSE:BHLB
CUSIP08468010
Phone617-807-8190

Debt

Debt-to-Equity Ratio0.25
Current Ratio0.91
Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio18.49
Forward P/E Ratio15.18
P/E GrowthN/A

Sales & Book Value

Annual Sales$485.95 million
Price / Sales3.96
Cash Flow$2.1314 per share
Price / Cash19.87
Book Value$32.14 per share
Price / Book1.32

Profitability

EPS (Most Recent Fiscal Year)$2.29
Net Income$55.24 million
Net Margins14.79%
Return on Equity8.02%
Return on Assets1.02%

Miscellaneous

Employees1,992
Outstanding Shares45,420,000
Market Cap$1.92 billion

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 declared a quarterly dividend on Thursday, July 19th. Stockholders of record on Thursday, August 9th will be given a dividend of $0.22 per share on Thursday, August 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, August 8th. View Berkshire Hills Bancorp's Dividend History.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its earnings results on Wednesday, July, 18th. The savings and loans company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. The savings and loans company had revenue of $121.15 million for the quarter, compared to analyst estimates of $122.23 million. Berkshire Hills Bancorp had a net margin of 14.79% and a return on equity of 8.02%. 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, October, 18th 2018. View Earnings Estimates for Berkshire Hills Bancorp.

What price target have analysts set for BHLB?

7 brokerages have issued 12-month price targets for Berkshire Hills Bancorp's shares. Their forecasts range from $33.00 to $47.00. On average, they anticipate Berkshire Hills Bancorp's stock price to reach $40.5833 in the next year. This suggests that the stock has a possible downside of 4.2%. View Analyst Price Targets for Berkshire Hills Bancorp.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Berkshire Hills Bancorp.

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. Michael P. Daly, Pres, CEO & Director (Age 57)
  • Mr. James M. Moses, Sr. Exec. VP, CFO, Principal Accounting Officer & Head of Investor Relations (Age 41)
  • Mr. Sean A. Gray, Sr. EVP & COO (Age 42)
  • Mr. Richard M. Marotta, Sr. Exec. VP (Age 59)
  • Mr. George F. Bacigalupo, Sr. Exec. VP of Commercial Banking (Age 63)

Has Berkshire Hills Bancorp been receiving favorable news coverage?

Media headlines about BHLB stock have trended somewhat positive this week, Accern reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Berkshire Hills Bancorp earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned news articles about the savings and loans company an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Berkshire Hills Bancorp.

Who are Berkshire Hills Bancorp's major shareholders?

Berkshire Hills Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.03%), Dimensional Fund Advisors LP (8.08%), LSV Asset Management (2.99%), Renaissance Technologies LLC (1.70%), Northern Trust Corp (1.64%) and Bank of New York Mellon Corp (1.38%). 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, Thomas Burton 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 Aristotle Capital Boston LLC, FMR LLC, Federated Investors Inc. PA, Massachusetts Financial Services Co. MA, Eagle Boston Investment Management Inc., Peregrine Capital Management LLC, Eagle Asset Management Inc. and Bank of America Corp DE. Company insiders that have sold Berkshire Hills Bancorp company stock in the last year include James Williar Dunlaevy and Michael D Carroll. View Insider Buying and Selling for Berkshire Hills Bancorp.

Which major investors are buying Berkshire Hills Bancorp stock?

BHLB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Sei Investments Co., Legal & General Group Plc, Systematic Financial Management LP and Rhumbline Advisers. 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 $42.35.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $1.92 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 1,992 workers across the globe.

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 617-807-8190 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:  185 (Vote Outperform)
Underperform Votes:  280 (Vote Underperform)
Total Votes:  465
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 9/20/2018 by MarketBeat.com Staff

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