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NYSE:BHLB

Berkshire Hills Bancorp (BHLB) Stock Forecast, Price & News

$26.23
+0.32 (+1.24%)
(As of 05/27/2022 04:00 PM ET)
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Compare
Today's Range
$25.90
$26.26
50-Day Range
$24.74
$30.14
52-Week Range
$23.15
$31.78
Volume
149,865 shs
Average Volume
312,426 shs
Market Capitalization
$1.26 billion
P/E Ratio
10.17
Dividend Yield
1.85%
Beta
1.08
30 days | 90 days | 365 days | Advanced Chart
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Berkshire Hills Bancorp logo

About Berkshire Hills Bancorp

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.

Headlines

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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

Sales & Book Value

Annual Sales
$472.31 million
Cash Flow
$2.14 per share
Book Value
$22.86 per share

Profitability

Net Income
$118.66 million
Pretax Margin
34.75%

Debt

Price-To-Earnings

Miscellaneous

Free Float
47,429,000
Market Cap
$1.26 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/20/2022
Ex-Dividend for 5/26 Dividend
5/11/2022
Dividend Payable
5/26/2022
Today
5/27/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.46 out of 5 stars

Finance Sector

309th out of 1,381 stocks

Savings Institutions, Except Federal Industry

5th out of 31 stocks

Analyst Opinion: 1.0Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













Berkshire Hills Bancorp (NYSE:BHLB) Frequently Asked Questions

Is Berkshire Hills Bancorp a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Berkshire Hills Bancorp stock. 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 analyst ratings for Berkshire Hills Bancorp
or view top-rated stocks.

When is Berkshire Hills Bancorp's next earnings date?

Berkshire Hills Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Berkshire Hills Bancorp
.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) released its earnings results on Wednesday, April, 20th. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Berkshire Hills Bancorp had a trailing twelve-month return on equity of 7.67% and a net margin of 27.75%. During the same period last year, the firm posted $0.32 EPS.
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 declared a quarterly dividend on Friday, April 29th. Stockholders of record on Thursday, May 12th will be given a dividend of $0.12 per share on Thursday, May 26th. This represents a $0.48 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, May 11th.
View Berkshire Hills Bancorp's dividend history
.

Is Berkshire Hills Bancorp a good dividend stock?

Berkshire Hills Bancorp pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.85%. The dividend payout ratio of Berkshire Hills Bancorp is 18.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 23.76% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.
View Berkshire Hills Bancorp's dividend history.

What price target have analysts set for BHLB?

4 Wall Street analysts have issued 1 year target prices for Berkshire Hills Bancorp's stock. Their forecasts range from $23.00 to $32.00. On average, they anticipate Berkshire Hills Bancorp's share price to reach $28.67 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
View analysts' price targets for Berkshire Hills Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Berkshire Hills Bancorp's key executives?
Berkshire Hills Bancorp's management team includes the following people:
  • Mr. Nitin J. Mhatre, Pres, CEO & Director (Age 51, Pay $1.66M) (LinkedIn Profile)
  • Mr. Subhadeep Basu, Sr. EVP & CFO (Age 51, Pay $718.39k) (LinkedIn Profile)
  • Mr. Sean A. Gray, Sr. EVP & COO (Age 46, Pay $1.24M)
  • Ms. Deborah A. Stephenson, Sr. EVP & Chief Compliance and Regulatory Officer (Age 51, Pay $412.54k)
  • Mr. George F. Bacigalupo, Exec. VP & Head of Commercial Banking (Age 67, Pay $656.07k)
  • Mr. Gregory D. Lindenmuth, EVP & Chief Risk Officer (Age 54, Pay $449.65k)
  • Mr. Brett Brbovic, Sr. VP & Chief Accounting Officer (Age 41)
  • Mr. Kevin Conn, Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Wm. Gordon Prescott Esq., EVP, Gen. Counsel & Corp. Sec. (Age 60) (LinkedIn Profile)
  • Alison Skratt, Head of Communications
What is Sean Gray's approval rating as Berkshire Hills Bancorp's CEO?

7 employees have rated Berkshire Hills Bancorp CEO Sean Gray on Glassdoor.com. Sean Gray has an approval rating of 78% among Berkshire Hills Bancorp'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."

Who are Berkshire Hills Bancorp's major shareholders?

Berkshire Hills Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.91%), Vanguard Group Inc. (10.98%), Dimensional Fund Advisors LP (5.89%), State Street Corp (4.92%), William Blair Investment Management LLC (2.93%) and Invesco Ltd. (2.46%). Company insiders that own Berkshire Hills Bancorp 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.
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 EJF Capital LLC, EJF Capital LLC, Charles Schwab Investment Management Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc., Jennison Associates LLC, BlackRock Inc., and Sei Investments Co.. Company insiders that have sold Berkshire Hills Bancorp company stock in the last year include Jason T White, Michael Zaitzeff, and Rheo A Brouillard.
View insider buying and selling activity for Berkshire Hills Bancorp
or view top insider-selling stocks.

Which institutional investors are buying Berkshire Hills Bancorp stock?

BHLB stock was purchased by a variety of institutional investors in the last quarter, including Strategic Value Bank Partners LLC, State Street Corp, Vanguard Group Inc., Dimensional Fund Advisors LP, Hsbc Holdings PLC, Renaissance Technologies LLC, Invesco Ltd., and Bank of Montreal Can. Company insiders that have bought Berkshire Hills Bancorp stock in the last two years include David Brunelle, Jeffrey W Kip, John B Davies, Jonathan I Shulman, Kevin Conn, Nitin J Mhatre, Subhadeep Basu, William H Hughes III, and Wm Gordon Prescott.
View insider buying and selling activity for Berkshire Hills Bancorp
or or view top insider-buying stocks.

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 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 $26.23.

How much money does Berkshire Hills Bancorp make?

Berkshire Hills Bancorp has a market capitalization of $1.26 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 $2.579990 on an earnings per share basis.

How many employees does Berkshire Hills Bancorp have?

Berkshire Hills Bancorp employs 1,319 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, via email at [email protected], or via fax at 413-443-3587.

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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