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Berkshire Hills Bancorp, Inc. (BHLB)

Stock Price: $20.81 USD 0.65 (3.22%)
Updated Mar 1, 2021 4:00 PM EST - Market closed
Market Cap 1.06B
Revenue (ttm) 398.75M
Net Income (ttm) -522.83M
Shares Out 50.33M
EPS (ttm) -10.61
PE Ratio n/a
Forward PE 20.45
Dividend $0.72
Dividend Yield 3.46%
Trading Day March 1
Last Price $20.81
Previous Close $20.16
Change ($) 0.65
Change (%) 3.22%
Day's Open 20.58
Day's Range 20.46 - 20.98
Day's Volume 178,430
52-Week Range 8.49 - 24.57

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PRNewsWire - 1 week ago

BOSTON, Feb. 16, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today issued the following statement in response to a press release and letter from HoldCo Asset Management, LP...

The Motley Fool - 2 weeks ago

One of the bank's larger shareholders sent a letter to the bank's board of directors, asking for more transparency around its decision-making.

Business Wire - 3 weeks ago

NEW YORK--(BUSINESS WIRE)--HoldCo Asset Management, LP and its managed funds (collectively, "HoldCo") own 1,672,679 shares of common stock of Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) ("BHL...

The Motley Fool - 3 weeks ago

This bank recently launched a dividend that could grow significantly in coming years.

Other stocks mentioned: BRKL, EBC, EBSB, INDB, NYCB, PBCT
Seeking Alpha - 1 month ago

Berkshire Hills Bancorp, Inc. (BHLB) CEO Sean Gray on Q4 2020 Results - Earnings Call Transcript

Zacks Investment Research - 1 month ago

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 153.33% and 8.71%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the st...

PRNewsWire - 1 month ago

BOSTON, Jan. 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) (Company), the parent company of Berkshire Bank, announced today that the joint Board of Directors of the Compa...

PRNewsWire - 1 month ago

BOSTON, Jan. 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced fourth quarter 2020 net income of $15 million, or $0.30 per share, compared to $21 million, or ...

PRNewsWire - 1 month ago

BOSTON, Jan. 12, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its fourth quarter earnings release after the market closes on Monday, January 25, 2021. Berkshire w...

Zacks Investment Research - 2 months ago

Berkshire Hills Bancorp (BHLB) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

The Motley Fool - 2 months ago

Even though the banking sector has rebounded recently, these stocks are still way down from where they started the year, with some trading at a discount to tangible book value.

Other stocks mentioned: GWB, PACW, STBA, WFC
The Motley Fool - 2 months ago

The regional bank plans to sell its eight branches in New Jersey and Pennsylvania, and consolidate 16 more in New England and New York.

PRNewsWire - 2 months ago

BOSTON, Dec. 2, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its wholly owned subsidiary Berkshire Bank has entered into an agreement with Investors Ban...

The Motley Fool - 2 months ago

After a difficult year, the regional bank's stock price is finally climbing out of the ditch.

PRNewsWire - 3 months ago

BOSTON, Nov. 30, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to...

Zacks Investment Research - 3 months ago

Berkshire Hills (BHLB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks Investment Research - 3 months ago

As of late, it has definitely been a great time to be an investor in Berkshire Hills Bancorp's (BHLB).

Zacks Investment Research - 4 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Other stocks mentioned: BRK.A, BRK.B
The Motley Fool - 4 months ago

This stock price of this small regional bank popped after its third-quarter earnings report.

Seeking Alpha - 4 months ago

Berkshire Hills Bancorp's (BHLB) CEO Sean Gray on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: BRK.A, BRK.B
Zacks Investment Research - 4 months ago

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 475.00% and 0.43%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the s...

PRNewsWire - 4 months ago

BOSTON, Oct. 26, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced third quarter net income of $21 million, or $0.42 per share, in 2020 compared to $23 million, o...

Benzinga - 4 months ago

Berkshire Hills Bancorp (NYSE: BHLB) announces its next round of earnings this Monday, October 26. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.

Zacks Investment Research - 4 months ago

Berkshire Hills (BHLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire - 4 months ago

BOSTON, Oct. 14, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its third quarter earnings release after the market closes on Monday, October 26, 2020. Berkshire wi...

Seeking Alpha - 4 months ago

Eighteen U.S. firms announced they would pay a special (or extra) dividend to their shareholders in September 2020.

Other stocks mentioned: CRT, GPMT, KIM, RPAI
Seeking Alpha - 5 months ago

A weekly summary of dividend activity for Dividend Challengers.

Other stocks mentioned: A, AEE, AGM, ALLE, AVB, BAM, BGS, BKSC, BPOP, BPY, BPYPO, BPYPP, BXS, CCI, CFFI, CTRE, DDS, DG, DGX, DOX, DPZ, EBSB, EFSC, EGP
Seeking Alpha - 5 months ago

This article series provides a weekly summary of dividend changes.

Other stocks mentioned: AMT, PM, WU
The Motley Fool - 5 months ago

The bank continues to struggle amid the coronavirus pandemic, with its stock now down roughly 70% year to date.

Zacks Investment Research - 5 months ago

With an aim to preserve capital and liquidity amid the coronavirus-induced economic slowdown, Berkshire Hills Bancorp (BHLB) slashes its quarterly cash dividend by 50%.

The Motley Fool - 6 months ago

Holding the title of CEO for less than two years, Richard Marotta will exit Berkshire after the company's stock price has taken a huge hit during his tenure.

PRNewsWire - 6 months ago

BOSTON, Aug. 10, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc.

Seeking Alpha - 6 months ago

Berkshire Hills Bancorp: Trading At Less Than 0.5X Tangible Book Value And A 9.6% Dividend Yield - A Red Flag?

Seeking Alpha - 6 months ago

Berkshire Hills Bancorp Inc. (BHLB) CEO Richard Marotta on Q2 2020 Results - Earnings Call Transcript

The Motley Fool - 7 months ago

The write-down removes all of the intangible assets from Berkshire Hills Bancorp's balance sheet that came from its acquisitions of other banks.

Zacks Investment Research - 7 months ago

Berkshire Hills (BHLB) delivered earnings and revenue surprises of -114.29% and -10.15%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 7 months ago

BOSTON, July 29, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported a second quarter loss due to non-cash charges related to goodwill impairment and the provision f...

PRNewsWire - 7 months ago

BOSTON, July 22, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its second quarter earnings release after the market closes on Wednesday, July 29, 2020.

Zacks Investment Research - 7 months ago

Berkshire Hills (BHLB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

InvestorPlace - 7 months ago

Feel like you missed the big stock market recovery? These seven rebound stocks are still selling at generously discounted prices today.

Other stocks mentioned: BP, GE, KTB, RDS.A, RDS.B, SPR, TSN
The Motley Fool - 7 months ago

The bank has been trading so far below book value, it seems like goodwill impairment could definitely be in the cards.

The Motley Fool - 8 months ago

The bank said it would like to use its new capital to pursue acquisitions. This could mean a huge deal that could transform the Boston banking scene.

Other stocks mentioned: BAC, BRKL, CFG, EBSB, HONE, INDB, JPM, PNC, SAN, STT
PRNewsWire - 8 months ago

BOSTON, June 18, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.24 per common share to...

The Motley Fool - 8 months ago

These banks are all trading at higher price-to-tangible-book-values than their peers.

Other stocks mentioned: MTB, NYCB, PBCT, PNC, USB
The Motley Fool - 9 months ago

The Boston bank has a large commercial loan book, but provisioned much less than its peer banks in the first quarter of the year.

Other stocks mentioned: BRKL, EBSB, HONE, INDB, CNBKA
Seeking Alpha - 9 months ago

Berkshire Hills Bancorp Inc. (BHLB) CEO Richard Marotta on Q1 2020 Results - Earnings Call Transcript

Other stocks mentioned: BRK.A, BRK.B
Zacks Investment Research - 9 months ago

Berkshire Hills (BHLB) delivered earnings and revenue surprises of -114.00% and -14.54%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the st...

Zacks Investment Research - 10 months ago

Berkshire Hills (BHLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 1 year ago

Berkshire Hills Bancorp, Inc. (BHLB) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Seeking Alpha - 1 year ago

Berkshire Hills Bancorp, Inc. (BHLB) CEO Richard Marotta on Q4 2019 Results - Earnings Call Transcript

About BHLB

Berkshire Hills Bancorp 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 i... [Read more...]

Industry
Banks-Regional
IPO Date
Jun 28, 2000
CEO
Richard Marotta
Employees
1,505
Stock Exchange
NYSE
Ticker Symbol
BHLB
Full Company Profile

Financial Performance

In 2019, BHLB's revenue was $449.26 million, an increase of 4.35% compared to the previous year's $430.52 million. Earnings were $97.45 million, a decrease of -7.86%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for BHLB stock is "Hold." The 12-month stock price forecast is 19.00, which is a decrease of -8.70% from the latest price.

Price Target
$19.00
(-8.70% downside)
Analyst Consensus: Hold