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

Company Overview

Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts. It offers loans, such as commercial real estate, commercial and industrial, residential mortgage, and consumer loans. In addition, the company provides wealth management services comprising investment management, trust administration, tax return preparation, and financial planning; and investment products and brokerage services. Further, it offers commercial cash management, online banking and mobile banking, small business banking, and asset based lending services; and debit cards and other electronic fee producing payment services to transaction account customers. It serves its products to personal, commercial, non-profit, and municipal deposit customers. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

Key Stats

• Today's Range: $29.66 to $30.10
• 50-Day Range: $25.74 to $31.51
• 52-Week Range: $20.50 to $32.00
• Volume: 143,218 shs
• Average Volume: 271,444 shs
• Market Capitalization: $1.29 billion
• P/E Ratio: 31.56
• Dividend Yield: 2.40%
• Price Target: $26.80
• Consensus Rating: Hold

Berkshire Hills Bancorp Stock Analysis - MarketRank™

Berkshire Hills Bancorp scored higher than 73% of companies evaluated by MarketBeat, and ranked 258th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Berkshire Hills Bancorp has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Berkshire Hills Bancorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.04%

Earnings Growth

Earnings for Berkshire Hills Bancorp are expected to grow by 12.04% in the coming year, from $2.16 to $2.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Berkshire Hills Bancorp is 31.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Berkshire Hills Bancorp is 31.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

Price to Book Value per Share Ratio

Berkshire Hills Bancorp has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.18% of the float of Berkshire Hills Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Berkshire Hills Bancorp has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Berkshire Hills Bancorp has recently decreased by 18.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Berkshire Hills Bancorp pays a meaningful dividend of 2.39%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Berkshire Hills Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Berkshire Hills Bancorp is 75.79%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Berkshire Hills Bancorp will have a dividend payout ratio of 29.75% next year. This indicates that Berkshire Hills Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -0.73

Percentage of Shares Shorted

2.18% of the float of Berkshire Hills Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Berkshire Hills Bancorp has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Berkshire Hills Bancorp has recently decreased by 18.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

3 people have added Berkshire Hills Bancorp to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Berkshire Hills Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.02% of the stock of Berkshire Hills Bancorp is held by insiders.

Percentage Held by Institutions

83.07% of the stock of Berkshire Hills Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BHLB Stock Analysis - Frequently Asked Questions

How have BHLB shares performed this year?

Berkshire Hills Bancorp's stock was trading at $24.83 on January 1st, 2024. Since then, BHLB shares have increased by 20.7% and is now trading at $29.98.
View the best growth stocks for 2024 here.

How were Berkshire Hills Bancorp's earnings last quarter?

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) announced its quarterly earnings data on Thursday, October, 24th. The savings and loans company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The firm's revenue was up 16.6% on a year-over-year basis.

Who are Berkshire Hills Bancorp's major shareholders?

Berkshire Hills Bancorp's top institutional shareholders include State Street Corp (4.93%), Wellington Management Group LLP (3.87%), Geode Capital Management LLC (2.28%) and Systematic Financial Management LP (2.22%). Insiders that own company stock include Nitin J Mhatre, Michael Zaitzeff, Mary Anne Callahan, William H Hughes III, Wm Gordon Prescott, Jeffrey W Kip, Ellen Tulchiner and Baye Adofo-Wilson.
View institutional ownership trends.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Berkshire Hills Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Berkshire Hills Bancorp investors own include JPMorgan Chase & Co. (JPM), Netflix (NFLX), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), NVIDIA (NVDA) and Home Depot (HD).

Company Calendar

• Ex-Dividend for 10/10 Dividend: 9/30/2024
• Dividend Payable: 10/10/2024
• Last Earnings: 10/24/2024
• Ex-Dividend for 11/27 Dividend: 11/14/2024
• Today: 11/21/2024
• Dividend Payable: 11/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Savings institutions, except federal
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NYSE:BHLB
• CUSIP: 08468010
• CIK: 1108134
• Web: www.berkshirebank.com
• Phone: (617) 641-9206
• Fax: 413-443-3587
• Employees: 1,340
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $26.80
• High Stock Price Target: $31.00
• Low Stock Price Target: $24.00
• Potential Upside/Downside: -10.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.95
• Trailing P/E Ratio: 31.56
• Forward P/E Ratio: 13.88
• P/E Growth: N/A
• Net Income: $69.60 million
• Net Margins: 5.86%
• Pretax Margin: 6.90%
• Return on Equity: 8.68%
• Return on Assets: 0.74%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 0.98
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: $619.08 million
• Price / Sales: 2.08
• Cash Flow: $2.58 per share
• Price / Cash Flow: 11.60
• Book Value: $23.18 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 42,980,000
• Free Float: 42,538,000
• Market Cap: $1.29 billion
• Optionable: Optionable
• Beta: 0.86