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NYSE:BHLB

Berkshire Hills Bancorp - BHLB Stock Forecast, Price & News

$29.10
+0.10 (+0.34%)
(As of 08/8/2022 02:27 PM ET)
Add
Compare
Today's Range
$29.05
$29.24
50-Day Range
$24.04
$29.00
52-Week Range
$23.15
$31.78
Volume
5,130 shs
Average Volume
299,993 shs
Market Capitalization
$1.39 billion
P/E Ratio
10.98
Dividend Yield
1.66%
Price Target
$28.75

Berkshire Hills Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
1.4% Downside
$28.75 Price Target
Short Interest
Bearish
3.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$31.47 M Sold Last Quarter
Proj. Earnings Growth
15.38%
From $2.08 to $2.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Finance Sector

544th out of 1,207 stocks

Savings Institutions, Except Federal Industry

9th out of 26 stocks

BHLB stock logo

About Berkshire Hills Bancorp (NYSE:BHLB) Stock

Berkshire Hills Bancorp, Inc. operates as the 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, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Compass Point lowered shares of Berkshire Hills Bancorp from a "neutral" rating to a "sell" rating and cut their price target for the stock from $29.00 to $23.00 in a report on Thursday, April 21st. Piper Sandler boosted their target price on shares of Berkshire Hills Bancorp to $29.00 in a research note on Friday, July 22nd. Janney Montgomery Scott upgraded shares of Berkshire Hills Bancorp from a "neutral" rating to a "buy" rating and set a $31.00 price target on the stock in a research note on Thursday, July 21st. Finally, TheStreet cut shares of Berkshire Hills Bancorp from a "b-" rating to a "c" rating in a research note on Thursday, May 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Berkshire Hills Bancorp presently has an average rating of "Hold" and a consensus price target of $29.00.

Berkshire Hills Bancorp Stock Up 1.1 %

NYSE:BHLB traded up $0.31 during trading hours on Friday, reaching $29.00. 261,497 shares of the company's stock traded hands, compared to its average volume of 280,744. Berkshire Hills Bancorp has a 52-week low of $23.15 and a 52-week high of $31.78. The firm has a market cap of $1.39 billion, a PE ratio of 10.94 and a beta of 1.07. The firm has a 50-day simple moving average of $25.84 and a 200 day simple moving average of $27.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.85 and a quick ratio of 0.85.

Berkshire Hills Bancorp (NYSE:BHLB - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The savings and loans company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Berkshire Hills Bancorp had a net margin of 28.30% and a return on equity of 8.08%. During the same quarter in the previous year, the company posted $0.44 earnings per share. Sell-side analysts anticipate that Berkshire Hills Bancorp will post 2.08 EPS for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.66%. Berkshire Hills Bancorp's dividend payout ratio is currently 18.11%.

Insider Buying and Selling at Berkshire Hills Bancorp

In related news, Director Michael Zaitzeff sold 1,274,279 shares of the business's stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $24.70, for a total transaction of $31,474,691.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

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BHLB Stock News Headlines

BERKSHIRE HILLS REPORTS IMPROVED FIRST QUARTER RESULTS
Berkshire Hills Bancorp declares $0.12 dividend
Berkshire Hills Bancorp(BHLB)
Berkshire Hills Reports Earnings Per Share Growth
See More Headlines
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BHLB Company Calendar

Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Last Earnings
7/20/2022
Today
8/08/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Savings institutions, except federal
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
08468010
Employees
1,319
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.75
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
-1.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$118.66 million
Pretax Margin
35.19%

Debt

Sales & Book Value

Annual Sales
$472.31 million
Cash Flow
$2.04 per share
Book Value
$24.30 per share

Miscellaneous

Free Float
47,429,000
Market Cap
$1.39 billion
Optionable
Optionable
Beta
1.07














BHLB Stock - Frequently Asked Questions

Should I buy or sell Berkshire Hills Bancorp stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BHLB shares. 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 BHLB analyst ratings
or view top-rated stocks.

What is Berkshire Hills Bancorp's stock price forecast for 2022?

5 analysts have issued 12 month price targets for Berkshire Hills Bancorp's shares. Their BHLB stock forecasts range from $23.00 to $32.00. On average, they expect the company's share price to reach $28.75 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for BHLB
or view top-rated stocks among Wall Street analysts.

How has Berkshire Hills Bancorp's stock performed in 2022?

Berkshire Hills Bancorp's stock was trading at $28.43 at the beginning of the year. Since then, BHLB stock has increased by 2.7% and is now trading at $29.21.
View the best growth stocks for 2022 here
.

When is Berkshire Hills Bancorp's next earnings date?

Berkshire Hills Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our BHLB earnings forecast
.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) posted its quarterly earnings results on Wednesday, July, 20th. The savings and loans company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Berkshire Hills Bancorp had a net margin of 28.30% and a trailing twelve-month return on equity of 8.08%. During the same period last year, the business earned $0.44 earnings per share.

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 Friday, July 29th. Investors of record on Thursday, August 11th will be paid a dividend of $0.12 per share on Thursday, August 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for BHLB
.

Is Berkshire Hills Bancorp a good dividend stock?

Berkshire Hills Bancorp (NYSE:BHLB) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.66%. The dividend payout ratio is 18.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHLB will have a dividend payout ratio of 20.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BHLB.

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

7 employees have rated Berkshire Hills Bancorp Chief Executive Officer Sean Gray on Glassdoor.com. Sean Gray has an approval rating of 78% among the company'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 a variety of institutional and retail investors. Top institutional shareholders include Commonwealth Equity Services LLC (0.30%), Jennison Associates LLC (0.14%), Ziegler Capital Management LLC (0.09%), Comerica Bank (0.08%), Yousif Capital Management LLC (0.08%) and State of Alaska Department of Revenue (0.07%). Insiders that own company stock include D Jeffrey Templeton, David Brunelle, Jason T White, Jeffrey W Kip, John B Davies, Jonathan I Shulman, Kevin Conn, Michael Zaitzeff, Nitin J Mhatre, Rheo A Brouillard, Subhadeep Basu, William H Hughes III and Wm Gordon Prescott.
View institutional ownership trends
.

How do I buy shares of Berkshire Hills Bancorp?

Shares of BHLB stock 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 $29.21.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.40 billion and generates $472.31 million in revenue each year. The savings and loans company earns $118.66 million in net income (profit) each year or $2.65 on an earnings per share basis.

How many employees does Berkshire Hills Bancorp have?

Berkshire Hills Bancorp employs 1,319 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 official website for the company is www.berkshirebank.com. The savings and loans company can be reached via phone at (800) 773-5601, via email at investorrelations@berkshirebank.com, or via fax at 413-443-3587.

This page (NYSE:BHLB) was last updated on 8/8/2022 by MarketBeat.com Staff

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