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In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
NIH to fund unproven ALS drugs under patient-backed law
Russia blindfolds, detains Ukraine nuclear plant chief
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
NIH to fund unproven ALS drugs under patient-backed law
Russia blindfolds, detains Ukraine nuclear plant chief
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
UK train strikes and energy hikes add to a week of turmoil
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
NIH to fund unproven ALS drugs under patient-backed law
Russia blindfolds, detains Ukraine nuclear plant chief
NYSE:BHLB

Berkshire Hills Bancorp - BHLB Stock Forecast, Price & News

$27.30
-0.37 (-1.34%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.22
$27.99
50-Day Range
$26.85
$30.33
52-Week Range
$23.62
$31.78
Volume
313,101 shs
Average Volume
301,448 shs
Market Capitalization
$1.25 billion
P/E Ratio
10.30
Dividend Yield
1.73%
Price Target
$29.60

Berkshire Hills Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
8.4% Upside
$29.60 Price Target
Short Interest
Bearish
3.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
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.

1.97 out of 5 stars

Finance Sector

717th out of 926 stocks

Savings Institutions, Except Federal Industry

11th out of 17 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.

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BHLB Stock News Headlines

Berkshire Hills Bancorp, Inc. (BHLB)
BERKSHIRE HILLS REPORTS IMPROVED FIRST QUARTER RESULTS
Berkshire Hills Bancorp declares $0.12 dividend
Berkshire Hills Bancorp(BHLB)
See More Headlines
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BHLB Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Dividend Payable
8/25/2022
Today
10/02/2022
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
$29.60
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+8.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$118.66 million
Pretax Margin
35.19%

Debt

Sales & Book Value

Annual Sales
$472.31 million
Cash Flow
$2.01 per share
Book Value
$24.30 per share

Miscellaneous

Free Float
45,260,000
Market Cap
$1.25 billion
Optionable
Optionable
Beta
1.04

Key Executives

  • Mr. Nitin J. MhatreMr. Nitin J. Mhatre (Age 51)
    Pres, CEO & Director
    Comp: $1.66M
  • Mr. Subhadeep BasuMr. Subhadeep Basu (Age 51)
    Sr. EVP & CFO
    Comp: $718.39k
  • Mr. Sean A. Gray (Age 46)
    Sr. EVP & COO
    Comp: $1.24M
  • Ms. Deborah A. Stephenson (Age 51)
    Sr. EVP & Chief Compliance Officer
    Comp: $412.54k
  • Mr. George F. Bacigalupo (Age 67)
    Exec. VP & Head of Commercial Banking
    Comp: $656.07k
  • Mr. Gregory D. Lindenmuth (Age 54)
    EVP & Chief Risk Officer
    Comp: $449.65k
  • Mr. Brett Brbovic (Age 41)
    Sr. VP & Chief Accounting Officer
  • Mr. Kevin Conn
    Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Wm. Gordon Prescott Esq.Mr. Wm. Gordon Prescott Esq. (Age 60)
    EVP, Gen. Counsel & Corp. Sec.
  • Alison Skratt
    Head of Communications













BHLB Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last twelve months. 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.

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

4 Wall Street analysts have issued 1-year target prices for Berkshire Hills Bancorp's stock. Their BHLB share price forecasts range from $23.00 to $33.00. On average, they anticipate the company's share price to reach $29.60 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
View analysts price targets for BHLB
or view top-rated stocks among Wall Street analysts.

How have BHLB shares performed in 2022?

Berkshire Hills Bancorp's stock was trading at $28.43 on January 1st, 2022. Since then, BHLB shares have decreased by 4.0% and is now trading at $27.30.
View the best growth stocks for 2022 here
.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,730,000 shares, an increase of 8.1% from the August 31st total of 1,600,000 shares. Based on an average trading volume of 289,400 shares, the short-interest ratio is presently 6.0 days. Currently, 3.9% of the company's stock are sold short.
View Berkshire Hills Bancorp's Short Interest
.

When is Berkshire Hills Bancorp's next earnings date?

The company 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) issued its quarterly earnings results on Wednesday, July, 20th. The savings and loans company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The savings and loans company earned $97.71 million during the quarter, compared to analysts' expectations 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 last year, the business posted $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 announced a quarterly dividend on Friday, July 29th. Shareholders 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 yield of 1.76%. 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 1.73%. 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."

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 $27.30.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp (NYSE:BHLB) has a market capitalization of $1.25 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?

The company 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 10/2/2022 by MarketBeat.com Staff

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