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

$14.18
+0.41 (+2.98 %)
(As of 03/31/2020 07:01 AM ET)
Today's Range
$13.33
Now: $14.18
$14.24
50-Day Range
$11.92
MA: $21.87
$28.93
52-Week Range
$11.43
Now: $14.18
$33.72
Volume789,805 shs
Average Volume440,439 shs
Market Capitalization$711.84 million
P/E Ratio7.16
Dividend Yield6.97%
Beta1.12
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.
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Berkshire Hills Bancorp logo

Industry, Sector and Symbol

Industry Savings institutions, except federal
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP08468010
Phone800-773-5601

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$593.52 million
Cash Flow$2.67 per share
Book Value$34.40 per share

Profitability

Net Income$97.45 million

Miscellaneous

Employees1,917
Market Cap$711.84 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Berkshire Hills Bancorp (NYSE:BHLB) Frequently Asked Questions

How has Berkshire Hills Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Berkshire Hills Bancorp's stock was trading at $19.00 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BHLB shares have decreased by 25.4% and is now trading at $14.18. View which stocks have been mosted impacted by Coronavirus.

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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, May 4th 2020. 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 earnings results on Monday, January, 27th. The savings and loans company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The savings and loans company had revenue of $114.70 million for the quarter, compared to analyst estimates of $115.50 million. Berkshire Hills Bancorp had a return on equity of 7.81% and a net margin of 16.42%. 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 announced a quarterly dividend on Monday, January 27th. Shareholders of record on Monday, February 17th will be given a dividend of $0.24 per share on Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date is Thursday, February 13th. This is a boost from Berkshire Hills Bancorp's previous quarterly dividend of $0.23. View Berkshire Hills Bancorp's dividend history.

What price target have analysts set for BHLB?

4 brokerages have issued 1-year price targets for Berkshire Hills Bancorp's shares. Their forecasts range from $33.00 to $36.00. On average, they expect Berkshire Hills Bancorp's share price to reach $34.00 in the next year. This suggests a possible upside of 139.8% from the stock's current price. View analysts' price targets for Berkshire Hills Bancorp.

Has Berkshire Hills Bancorp been receiving favorable news coverage?

Media coverage about BHLB stock has been trending very negative on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Berkshire Hills Bancorp earned a news sentiment score of -3.7 on InfoTrie's scale. They also assigned media headlines about the savings and loans company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutBerkshire Hills Bancorp.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 884,000 shares, an increase of 12.2% from the February 13th total of 787,700 shares. Based on an average daily volume of 193,900 shares, the short-interest ratio is presently 4.6 days. Approximately 1.9% of the shares of the company are short sold. View Berkshire Hills Bancorp's Current Options Chain.

Who are some of Berkshire Hills Bancorp's key 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 Exxon Mobil (XOM), PepsiCo (PEP), Dominion Energy (D), IBM (IBM), Pfizer (PFE), AT&T (T), AbbVie (ABBV), Abbott Laboratories (ABT), Boeing (BA) and Fly Leasing (FLY).

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 $14.18.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $711.84 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. View additional information about Berkshire Hills Bancorp.

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:  1.9 out of 5 (star)
Outperform Votes:  248 (Vote Outperform)
Underperform Votes:  395 (Vote Underperform)
Total Votes:  643
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 3/31/2020 by MarketBeat.com Staff

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