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Berkshire Hills Bancorp, Inc. (BHLB)

NYSE: BHLB · IEX Real-Time Price · USD
28.36 0.61 (2.20%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap1.39B
Revenue (ttm)394.74M
Net Income (ttm)70.84M
Shares Out50.32M
EPS (ttm)2.26
PE Ratio12.56
Forward PE19.38
Dividend$0.12 (0.42%)
Ex-Dividend DateAug 25, 2021
Volume277,409
Open28.33
Previous Close27.75
Day's Range27.74 - 28.64
52-Week Range11.29 - 28.84
Beta1.19
AnalystsBuy
Price Target29.40 (+3.7%)
Est. Earnings Daten/a

About BHLB

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;...

IndustryBanks
IPO DateJun 28, 2000
CEORichard Marotta
Employees1,417
Stock ExchangeNYSE
Ticker SymbolBHLB
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for BHLB stock is "Buy." The 12-month stock price forecast is 29.40, which is an increase of 3.67% from the latest price.

Price Target
$29.40
(3.67% upside)
Analyst Consensus: Buy

News

Berkshire Hills Bancorp (BHLB) Q3 Earnings and Revenues Beat Estimates

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 16.96% and 56.02%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 day ago - Zacks Investment Research

Berkshire Hills Reports Earnings Per Share Growth

BOSTON, Oct. 21, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that third quarter 2021 earnings per share increased year-over-year by 212% to $1.31 compared to $0.42 in ...

1 day ago - PRNewsWire

Why Berkshire Hills (BHLB) Might Surprise This Earnings Season

Berkshire Hills (BHLB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 days ago - Zacks Investment Research

Berkshire Hills Bancorp Announces Partnership with AI Lending Platform Upstart

BOSTON, Oct. 18, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New Engla...

Other symbols:UPST
4 days ago - PRNewsWire

Berkshire Hills Bancorp (BHLB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

1 week ago - Zacks Investment Research

Berkshire Hills Bancorp Expands 44 Business Capital Division With Two Seasoned SBA Lending Professionals

BOSTON, Oct. 14, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New Engla...

1 week ago - PRNewsWire

Berkshire Hills Bancorp Adds Depth to Wealth Management Team with New Hires Heston and Crowley

BOSTON, Oct. 12, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New Engla...

1 week ago - PRNewsWire

Berkshire Hills Third Quarter Earnings Release and Conference Call Dates

BOSTON, Oct. 4, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its third quarter earnings release before the market opens on Thursday, October 21, 2021. The Company will also...

2 weeks ago - PRNewsWire

Berkshire Hills Bancorp Announces "BEST Community Comeback" - $5 Billion Multi-Year ESG Commitment to Fuel Resilience...

BOSTON, Sept. 15, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible community-dedicated bank with branch locations in New Engl...

1 month ago - PRNewsWire

Berkshire Hills Bancorp Announces Lucia "Lucy" Bellomia Hired As Executive Vice President, Head of Retail Banking

BOSTON, Sept. 13, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced the Bank has hired Lucia "Lucy" Bellomia as EVP, Head of Retail Banking.

1 month ago - PRNewsWire

Berkshire Hills Bancorp Announces Mortgage Professional Ellen Steinfeld Hired as Executive Vice President, Head of Co...

BOSTON, Sept. 9, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced that the Bank has hired Ellen Steinfeld as EVP, Head of Consumer Lending...

1 month ago - PRNewsWire

Berkshire Hills Announces Hiring of Veteran Connecticut Banking Professional Jeffrey Klaus as Regional President for ...

BOSTON, Sept. 7, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) the parent company of Berkshire Bank, announced that the Bank has hired Jeffrey Klaus as SVP, Regional President & Middle...

1 month ago - PRNewsWire

How Berkshire Hills (BHLB) Stock Stands Out in a Strong Industry

Berkshire Hills (BHLB) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

1 month ago - Zacks Investment Research

Is This a Value Stock or a Value Trap?

The stock in question is still trading at a relatively low valuation, and management has put a transformation plan in place -- but a lot of questions remain.

1 month ago - The Motley Fool

Investors Bancorp, Inc. Announces Completion of Acquisition of 8 Berkshire Bank Branches in New Jersey and Eastern Pe...

SHORT HILLS, N.J., Aug. 30, 2021 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ: ISBC) (the "Company"), the parent company of Investors Bank, announced today that Investors Bank has completed the acqui...

Other symbols:ISBC
1 month ago - PRNewsWire

Berkshire Hills Announces Board Leadership Transition

BOSTON, Aug. 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), announced today that Board Chairperson J. Williar ("Bill") Dunlaevy will retire from the joint Board of Directors of the...

1 month ago - PRNewsWire

Berkshire Hills and Brown & Brown Announce Definitive Agreement to Sell Berkshire Insurance Group to Brown & Brown of...

BOSTON, Aug. 24, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brown & Brown, Inc. (NYSE: BRO) today announced the execution of a definitive agreement for the sale of the assets an...

Other symbols:BRO
1 month ago - PRNewsWire

Berkshire Hills Announces Quarterly Shareholder Dividend

BOSTON, Aug. 13, 2021 /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 sharehold...

2 months ago - PRNewsWire

FDIC Approves Investors Bank's Acquisition of 8 Berkshire Bank Branches in New Jersey and Eastern Pennsylvania

SHORT HILLS, N.J., Aug. 2, 2021 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ: ISBC) ("Investors Bancorp"), the parent company of Investors Bank, announced today that the Federal Deposit Insurance Cor...

Other symbols:ISBC
2 months ago - PRNewsWire

Berkshire Hills Bancorp (BHLB) Surpasses Q2 Earnings and Revenue Estimates

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 38.71% and 0.31%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Berkshire Hills Bancorp: Q2 Earnings Insights

Shares of Berkshire Hills Bancorp (NYSE:BHLB) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 438.46% year over year to $0.44, which beat the estimat...

3 months ago - Benzinga

Berkshire Hills Reports Higher Second Quarter Earnings

BOSTON, July 21, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that second quarter 2021 delivered earnings per share of $0.43, compared to a loss in same quarter last y...

3 months ago - PRNewsWire

Berkshire Hills Bancorp (BHLB) Reports Next Week: Wall Street Expects Earnings Growth

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.

3 months ago - Zacks Investment Research

Berkshire Hills Second Quarter Earnings Release and Conference Call Dates

BOSTON, July 1, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its second quarter earnings release before the market opens on Wednesday, July 21, 2021.  The Company will also...

3 months ago - PRNewsWire

Berkshire Hills Names Heather Lashway Director of Retail Banking

BOSTON, May 25, 2021 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially-responsible community-dedicated bank with locations primarily in New Eng...

4 months ago - PRNewsWire