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NYSE:BHLBBerkshire Hills Bancorp Stock Price, Forecast & News

$10.46
+0.83 (+8.62 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$9.43
Now: $10.46
$10.46
50-Day Range
$9.31
MA: $10.32
$11.86
52-Week Range
$9.15
Now: $10.46
$33.72
Volume609,647 shs
Average Volume515,763 shs
Market Capitalization$524.99 million
P/E RatioN/A
Dividend Yield9.97%
Beta1.26
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: 3.1Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.97 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$2.82 per share
Book Value$22.79 per share

Profitability

Net Income$97.45 million

Miscellaneous

Employees1,917
Market Cap$524.99 million
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$10.46
+0.83 (+8.62 %)
(As of 08/7/2020 04:00 PM 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 been impacted by COVID-19 (Coronavirus)?

Berkshire Hills Bancorp's stock was trading at $19.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BHLB shares have decreased by 44.9% and is now trading at $10.46.
View which stocks have been most impacted by Coronavirus
.

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 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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) issued its quarterly earnings results on Wednesday, July, 29th. The savings and loans company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.25. The savings and loans company had revenue of $94.97 million for the quarter, compared to analyst estimates 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 declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Monday, June 29th will be given a dividend of $0.24 per share on Monday, July 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date is Friday, June 26th.
View Berkshire Hills Bancorp's dividend history
.

What price target have analysts set for BHLB?

4 brokers have issued 12 month price objectives for Berkshire Hills Bancorp's stock. Their forecasts range from $13.00 to $14.50. On average, they expect Berkshire Hills Bancorp's stock price to reach $13.67 in the next year. This suggests a possible upside of 30.7% from the stock's current price.
View analysts' price targets for Berkshire Hills Bancorp
.

Has Berkshire Hills Bancorp been receiving favorable news coverage?

Media stories about BHLB stock have been trending very positive recently, according to InfoTrie. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Berkshire Hills Bancorp earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave news coverage about the savings and loans company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about 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 Exxon Mobil (XOM), Boeing (BA), Dominion Energy (D), IBM (IBM), PepsiCo (PEP), Pfizer (PFE), AT&T (T), AbbVie (ABBV), Abbott Laboratories (ABT) and Mastercard (MA).

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 a variety of retail and institutional investors. Top institutional investors include LSV Asset Management (2.36%), Fourthstone LLC (0.89%), Principal Financial Group Inc. (0.70%), Hennessy Advisors Inc. (0.46%), Foundry Partners LLC (0.37%) and Grace & White Inc. NY (0.33%). Company insiders that own Berkshire Hills Bancorp stock include David Brunelle, John B Davies, Patrick J Sheehan, Rheo A Brouillard, Richard M Marotta and Wm Gordon Prescott.
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 Foundry Partners LLC, LSV Asset Management, Russell Investments Group Ltd., Texas Permanent School Fund, PNC Financial Services Group Inc., US Bancorp DE, and Carl P. Sherr & Co. LLC.
View insider buying and selling activity 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 Fourthstone LLC, Hennessy Advisors Inc., Grace & White Inc. NY, Assenagon Asset Management S.A., Trexquant Investment LP, Nisa Investment Advisors LLC, First Trust Advisors LP, and Rafferty Asset Management LLC. Company insiders that have bought Berkshire Hills Bancorp stock in the last two years include David Brunelle, John B Davies, 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 $10.46.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $524.99 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 8/8/2020 by MarketBeat.com Staff

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