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NYSE:BHLB

Berkshire Hills Bancorp Stock Forecast, Price & News

$9.41
+0.25 (+2.73 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$9.24
Now: $9.41
$9.68
50-Day Range
$8.71
MA: $9.69
$10.69
52-Week Range
$8.55
Now: $9.41
$33.72
Volume593,052 shs
Average Volume471,299 shs
Market Capitalization$474.05 million
P/E RatioN/A
Dividend Yield5.24%
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.
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Berkshire Hills Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.00 out of 5 stars


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$2.69 per share
Book Value$34.40 per share

Profitability

Net Income$97.45 million

Miscellaneous

Employees1,917
Market Cap$474.05 million
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$9.41
+0.25 (+2.73 %)
(As of 09/25/2020 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 price 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 (WHO). Since then, BHLB stock has decreased by 50.5% and is now trading at $9.41.
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) posted its earnings results on Wednesday, July, 29th. The savings and loans company reported ($0.13) earnings per share (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 analysts' expectations 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 announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.12 per share on Wednesday, September 30th. This represents a $0.48 annualized dividend and a yield of 5.10%. The ex-dividend date is Monday, September 21st.
View Berkshire Hills Bancorp's dividend history
.

What price target have analysts set for BHLB?

4 brokers have issued twelve-month price objectives for Berkshire Hills Bancorp's shares. Their forecasts range from $13.00 to $13.50. On average, they anticipate Berkshire Hills Bancorp's share price to reach $13.17 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
View analysts' price targets for Berkshire Hills Bancorp
.

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 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 Walgreens Boots Alliance (WBA).

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."

Who are Berkshire Hills Bancorp's major shareholders?

Berkshire Hills Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.30%), Clark Capital Management Group Inc. (3.40%), LSV Asset Management (2.36%), Bank of New York Mellon Corp (1.29%), Nuveen Asset Management LLC (1.09%) and Fourthstone LLC (0.89%). Company insiders that own Berkshire Hills Bancorp stock include David Brunelle, John B Davies, Jonathan I Shulman, Patrick J Sheehan, Rheo A Brouillard, Richard M Marotta and Wm Gordon Prescott.
View institutional ownership trends for Berkshire Hills Bancorp
.

Which institutional investors are selling Berkshire Hills Bancorp stock?

BHLB stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Foundry Partners LLC, Vanguard Group Inc., Public Employees Retirement System of Ohio, Bank of America Corp DE, LSV Asset Management, Engineers Gate Manager LP, and Teton Advisors Inc..
View insider buying and selling activity for Berkshire Hills Bancorp
.

Which institutional investors are buying Berkshire Hills Bancorp stock?

BHLB stock was acquired by a variety of institutional investors in the last quarter, including Fourthstone LLC, BHZ Capital Management LP, Clark Capital Management Group Inc., Federated Hermes Inc., Marshall Wace North America L.P., Hennessy Advisors Inc., Marshall Wace LLP, and Grace & White Inc. NY. Company insiders that have bought Berkshire Hills Bancorp stock in the last two years include David Brunelle, John B Davies, Jonathan I Shulman, Richard M Marotta, and Wm Gordon Prescott.
View insider buying and selling activity 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, 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 $9.41.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $474.05 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 9/26/2020 by MarketBeat.com Staff

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