Berkshire Hills Bancorp - BHLB Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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.

4 analysts have issued twelve-month target prices for Berkshire Hills Bancorp's stock. Their BHLB share price forecasts range from $23.00 to $33.00. On average, they expect the company's stock price to reach $29.60 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for BHLB or view top-rated stocks among Wall Street analysts.

Berkshire Hills Bancorp's stock was trading at $28.43 at the beginning of the year. Since then, BHLB shares have decreased by 0.1% and is now trading at $28.40.
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Berkshire Hills Bancorp saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,600,000 shares, an increase of 9.6% from the August 15th total of 1,460,000 shares. Based on an average daily trading volume, of 273,900 shares, the days-to-cover ratio is presently 5.8 days. Currently, 3.6% of the shares of the company are short sold.
View Berkshire Hills Bancorp's Short Interest.

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

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) posted its quarterly earnings results on Wednesday, July, 20th. The savings and loans company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The savings and loans company had revenue of $97.71 million for the quarter, compared to the consensus estimate of $96.78 million. Berkshire Hills Bancorp had a net margin of 28.30% and a trailing twelve-month return on equity of 8.08%. During the same quarter in the prior year, the company earned $0.44 EPS.

Berkshire Hills Bancorp declared a quarterly dividend on Friday, July 29th. Stockholders 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 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for BHLB.

Berkshire Hills Bancorp (NYSE:BHLB) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.69%. 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.

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.

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).

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

Berkshire Hills Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (5.06%), William Blair Investment Management LLC (2.86%), Goldman Sachs Group Inc. (1.70%), Driehaus Capital Management LLC (1.58%), Northern Trust Corp (1.17%) and Thrivent Financial for Lutherans (1.17%). 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.
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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.
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One share of BHLB stock can currently be purchased for approximately $28.40.

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.30 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.

The company employs 1,319 workers across the globe.

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.