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NYSE:BHLBBerkshire Hills Bancorp Stock Price, Forecast & News

$13.68
+1.65 (+13.72 %)
(As of 06/5/2020 02:05 PM ET)
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Compare
Today's Range
$12.88
Now: $13.68
$13.76
50-Day Range
$9.84
MA: $12.91
$18.48
52-Week Range
$9.15
Now: $13.68
$33.72
Volume262,937 shs
Average Volume598,109 shs
Market Capitalization$686.60 million
P/E Ratio12.79
Dividend Yield8.07%
Beta1.3
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: 2.8Community Rank: 1.9Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.33 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$2.99 per share
Book Value$34.40 per share

Profitability

Net Income$97.45 million

Miscellaneous

Employees1,917
Market Cap$686.60 million
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BHLB stock has decreased by 28.0% and is now trading at $13.68. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Berkshire Hills Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berkshire Hills Bancorp in the last year. There are currently 1 sell rating and 2 hold 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 Tuesday, July 28th 2020. View our earnings forecast for Berkshire Hills Bancorp.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its earnings results on Monday, May, 4th. The savings and loans company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.50 by $0.57. The savings and loans company earned $92.06 million during the quarter, compared to analyst estimates of $107.73 million. Berkshire Hills Bancorp had a return on equity of 5.81% and a net margin of 9.42%. 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 Monday, January 27th. Shareholders of record on Monday, February 17th will be paid a dividend of $0.24 per share on Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from Berkshire Hills Bancorp's previous quarterly dividend of $0.23. View Berkshire Hills Bancorp's dividend history.

What price target have analysts set for BHLB?

3 brokers have issued 12-month price objectives for Berkshire Hills Bancorp's shares. Their forecasts range from $14.00 to $33.00. On average, they anticipate Berkshire Hills Bancorp's stock price to reach $23.50 in the next year. This suggests a possible upside of 71.8% from the stock's current price. View analysts' price targets for Berkshire Hills Bancorp.

Has Berkshire Hills Bancorp been receiving favorable news coverage?

Press coverage about BHLB stock has trended extremely negative on Friday, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Berkshire Hills Bancorp earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave media headlines about the savings and loans company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutBerkshire Hills Bancorp.

Are investors shorting Berkshire Hills Bancorp?

Berkshire Hills Bancorp saw a decline in short interest in May. As of May 15th, there was short interest totaling 530,400 shares, a decline of 11.3% from the April 30th total of 598,000 shares. Based on an average daily trading volume, of 379,600 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.1% of the company's stock are sold short. View Berkshire Hills Bancorp's Current Options Chain.

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.38%), State Street Corp (3.21%), Victory Capital Management Inc. (2.51%), Victory Capital Management Inc. (2.51%), Invesco Ltd. (2.34%) and Nuveen Asset Management LLC (2.32%). Company insiders that own Berkshire Hills Bancorp stock include David Brunelle, John B Davies, Michael D Carroll, 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 EJF Capital LLC, Aristotle Capital Boston LLC, BlackRock Inc., The Manufacturers Life Insurance Company , Morgan Stanley, Morgan Stanley, Hennessy Advisors Inc., and Citigroup Inc.. View insider buying and selling activity for Berkshire Hills Bancorp.

Which major investors are buying Berkshire Hills Bancorp stock?

BHLB stock was bought by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., Federated Hermes Inc., Zurich Insurance Group Ltd FI, State Street Corp, Invesco Ltd., BHZ Capital Management LP, Aigen Investment Management LP, and Assenagon Asset Management S.A.. 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 $13.68.

How big of a company is Berkshire Hills Bancorp?

Berkshire Hills Bancorp has a market capitalization of $686.60 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 6/5/2020 by MarketBeat.com Staff

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