NYSE:BHLB - Berkshire Hills Bancorp Stock Price, Price Target & More

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$41.75 +0.35 (+0.85 %)
(As of 06/18/2018 04:00 PM ET)
Previous Close$41.40
Today's Range$41.10 - $41.80
52-Week Range$32.85 - $44.10
Volume272,000 shs
Average Volume269,679 shs
Market Capitalization$1.88 billion
P/E Ratio18.23
Dividend Yield2.10%
Beta0.66

About Berkshire Hills Bancorp (NYSE:BHLB)

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

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

Debt

Debt-to-Equity Ratio0.26
Current Ratio0.90
Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio18.23
Forward P/E Ratio15.24
P/E GrowthN/A

Sales & Book Value

Annual Sales$485.95 million
Price / Sales3.90
Cash Flow$2.1410 per share
Price / Cash19.50
Book Value$32.14 per share
Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)$2.29
Net Income$55.24 million
Net Margins12.82%
Return on Equity7.39%
Return on Assets0.95%

Miscellaneous

Employees1,992
Outstanding Shares45,420,000

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 Tuesday, April 24th. Stockholders of record on Thursday, May 10th will be paid a dividend of $0.22 per share on Thursday, May 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, May 9th. View Berkshire Hills Bancorp's Dividend History.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) released its earnings results on Monday, April, 23rd. The savings and loans company reported $0.65 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.64 by $0.01. The savings and loans company had revenue of $114.99 million for the quarter, compared to analysts' expectations of $118.90 million. Berkshire Hills Bancorp had a net margin of 12.82% and a return on equity of 7.39%. View Berkshire Hills Bancorp's Earnings History.

What price target have analysts set for BHLB?

5 brokerages have issued 1 year price objectives for Berkshire Hills Bancorp's stock. Their forecasts range from $38.00 to $42.50. On average, they anticipate Berkshire Hills Bancorp's share price to reach $40.50 in the next twelve months. 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. Richard M. Marotta, Sr. Exec. VP (Age 59)
  • Mr. Michael P. Daly, Pres, CEO & Director (Age 57)
  • Mr. James M. Moses, Sr. Exec. VP, CFO & Principal Accounting Officer (Age 41)
  • Ms. Allison P. O'Rourke, Exec. VP of Fin. and Investor Relations of Berkshire Bank (Age 42)
  • Mr. Wm. Gordon Prescott Esq., Sr. VP, Gen. Counsel & Corp. Sec.

Has Berkshire Hills Bancorp been receiving favorable news coverage?

Press coverage about BHLB stock has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Berkshire Hills Bancorp earned a media sentiment score of 0.02 on Accern's scale. They also gave media coverage about the savings and loans company an impact score of 46.40 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

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 Dimensional Fund Advisors LP (7.78%), BlackRock Inc. (5.89%), LSV Asset Management (2.97%), The Manufacturers Life Insurance Company (2.57%), Jacobs Asset Management LLC (1.91%) and Allianz Asset Management GmbH (1.86%). Company insiders that own Berkshire Hills Bancorp stock include James Williar Dunlaevy, John B Davies, Laurie Norton Moffatt, 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 Sei Investments Co., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Millennium Management LLC, Systematic Financial Management LP, BlackRock Inc., JPMorgan Chase & Co. and Rothschild Asset Management Inc.. Company insiders that have sold Berkshire Hills Bancorp company stock in the last year include James Williar Dunlaevy, Michael D Carroll, Michael P Daly and Richard M Marotta. 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 Principal Financial Group Inc., Principal Financial Group Inc., Foundry Partners LLC, Dimensional Fund Advisors LP, Thrivent Financial for Lutherans, Mackay Shields LLC, Nuveen Asset Management LLC and Massachusetts Financial Services Co. MA. Company insiders that have bought Berkshire Hills Bancorp stock in the last two years include John B Davies, Laurie Norton Moffatt, 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 $41.75.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $1.88 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 800-773-5601 or via email at [email protected]


MarketBeat Community Rating for Berkshire Hills Bancorp (BHLB)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  155 (Vote Outperform)
Underperform Votes:  243 (Vote Underperform)
Total Votes:  398
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 6/18/2018 by MarketBeat.com Staff

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