Berkshire Hills Bancorp, Inc. (BHLB)

NYSE: BHLB · Real-Time Price · USD
30.01
-0.02 (-0.07%)
Nov 8, 2024, 4:00 PM EST - Market closed
-0.07%
Market Cap 1.27B
Revenue (ttm) 344.86M
Net Income (ttm) 39.90M
Shares Out 42.18M
EPS (ttm) 0.93
PE Ratio 32.21
Forward PE 12.92
Dividend $0.72 (2.40%)
Ex-Dividend Date Sep 30, 2024
Volume 242,993
Open 30.22
Previous Close 30.03
Day's Range 29.91 - 30.29
52-Week Range 20.02 - 31.58
Beta 0.87
Analysts Hold
Price Target 25.75 (-14.2%)
Earnings Date Oct 24, 2024

About BHLB

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 comprisin... [Read more]

Sector Financials
IPO Date Jun 28, 2000
Employees 1,310
Stock Exchange NYSE
Ticker Symbol BHLB
Full Company Profile

Financial Performance

In 2023, Berkshire Hills Bancorp's revenue was $379.83 million, a decrease of -5.64% compared to the previous year's $402.53 million. Earnings were $69.60 million, a decrease of -24.79%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for BHLB stock is "Hold." The 12-month stock price forecast is $25.75, which is a decrease of -14.20% from the latest price.

Price Target
$25.75
(-14.20% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Berkshire Hills Announces Quarterly Shareholder Dividend

BOSTON , Nov. 1, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareho...

9 days ago - PRNewsWire

Berkshire Hills Bancorp, Inc. (BHLB) Q3 2024 Earnings Call Transcript

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations Officer Nitin Mhatre - Chief Executive Offi...

17 days ago - Seeking Alpha

Berkshire Hills Reports Higher Third Quarter Net Income of $37.5 million, or $0.88 Per Share

Operating EPS of $0.58 increased 5% linked quarter and 16% year-over-year $16 million non-operating gain on branch sale ($0.30 per share after tax) Operating revenue up 1% linked quarter and 2% year-o...

17 days ago - PRNewsWire

Berkshire Hills Announces Third Quarter 2024 Earnings Release and Conference Call Schedule

BOSTON , Oct. 1, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) third quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release:      October 24...

5 weeks ago - PRNewsWire

Arrow Completes Acquisition of Whitehall, N.Y. Branch

GLENS FALLS, N.Y. , Aug. 6, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW), through its bank subsidiary Glens Falls National Bank and Trust Company, completed the acquisition of t...

3 months ago - PRNewsWire

Berkshire Hills Bancorp, Inc. (BHLB) Q2 2024 Earnings Call Transcript

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET Company Participants Kevin Conn - IR & Corporate Development Officer Nitin Mhatre - CEO Brett Brbov...

4 months ago - Seeking Alpha

Berkshire Hills Reports a Solid Second Quarter Net Income of $24.0 million, or $0.57 Per Share

Operating EPS of $0.55 increased 12% linked quarter  Operating revenue increased 3% linked quarter Operating expense decreased 2% linked quarter Net interest margin 3.20%, increased 5 basis points lin...

4 months ago - PRNewsWire

Berkshire Hills Announces Second Quarter 2024 Earnings Release and Conference Call Schedule

BOSTON , June 27, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) second quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release:    July 18, 2...

4 months ago - PRNewsWire

Berkshire Hills Bancorp Announces Results of Annual Meeting

Shareholders Recognize Berkshire's Achievements; Approve All Proposals BOSTON , May 17, 2024  /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relati...

6 months ago - PRNewsWire

Berkshire Hills Announces Executive Transition

BOSTON , May 14, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (the "Company", NYSE: BHLB) and Berkshire Bank (the "Bank") announced today that R. David Rosato, Chief Financial Officer, has decid...

6 months ago - PRNewsWire

Berkshire Hills Bancorp, Inc. (BHLB) Q1 2024 Earnings Call Transcript

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations & Corporate Development Officer Nitin Mhatre ...

7 months ago - Seeking Alpha

Berkshire Hills Reports First Quarter 2024 Results

Announces $362 Million Securities Sale First quarter loss of $20 million, ($0.47) per share Operating income of $21 million, $0.49 per share Securities sale of $362 million resulted in a $49.9 million...

7 months ago - PRNewsWire

Berkshire Hills Announces First Quarter 2024 Earnings Release and Conference Call Schedule

BOSTON , March 28, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) first quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release:    Thursday, ...

8 months ago - PRNewsWire

Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise

Torrance Childs, Former President of Private Banking at Boston Private, 40-Year Boston Banking Veteran, Joins Berkshire to Accelerate Client Growth & Experience BOSTON , March 21, 2024 /PRNewswire/ --...

8 months ago - PRNewsWire

Arrow Announces Acquisition of Whitehall, N.Y. Branch

GLENS FALLS, N.Y. , March 4, 2024 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® - AROW) today announced that its bank subsidiary, Glens Falls National Bank and Trust Company, has entered into...

8 months ago - PRNewsWire

Berkshire Hills Bancorp to Sell Select Upstate and Eastern New York Branches

Enhances efficiency and profitability of the overall branch network Strengthens focus in core New York markets Combined branch and securities sale is neutral to full year 2024 earnings outlook BOSTON ...

8 months ago - PRNewsWire

Berkshire Hills Announces Annual Meeting Date

BOSTON , Feb. 12, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Annual Meeting of Shareholders will be held at 10:00 am on Thursday, May 16, 2024 at Berkshir...

9 months ago - PRNewsWire

Berkshire Hills Bancorp, Inc. (BHLB) Q4 2023 Earnings Call Transcript

Berkshire Hills Bancorp, Inc. (BHLB) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

Berkshire Hills Reports Fourth Quarter 2023 Results

Announces $40 Million Share Repurchase Authorization Fourth quarter loss of $1 million, ($0.03) per share; operating income of $20 million, $0.47 per share $267 million securities sale resulting in $2...

10 months ago - PRNewsWire

Berkshire Hills Announces Fourth Quarter 2023 Earnings Release and Conference Call Schedule

BOSTON , Jan. 12, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) fourth quarter 2023 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, Jan...

10 months ago - PRNewsWire

Berkshire Hills Bancorp Leadership Featured On New York Stock Exchange

BOSTON , Dec. 13, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading relationship-driven, community-focused bank with financial centers in...

11 months ago - PRNewsWire

Berkshire Hills Bancorp, Inc. (BHLB) Q3 2023 Earnings Call Transcript

Berkshire Hills Bancorp, Inc. (BHLB) Q3 2023 Earnings Call Transcript

1 year ago - Seeking Alpha

Berkshire Hills Reports Third Quarter Net Income of $20 Million, or $0.45 Earnings per Share

Operating Income of $22 Million, or $0.50 per Share Average loan growth of 2% linked quarter; average deposit growth of 1% Operating expense flat linked quarter Net loan charge-offs decreased $0.3 mil...

1 year ago - PRNewsWire

Berkshire Hills Announces Third Quarter 2023 Earnings Release and Conference Call Schedule

BOSTON , Sept. 29, 2023 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) third quarter 2023 earnings release and conference call are scheduled as follows: Earnings Release: Friday, Octob...

1 year ago - PRNewsWire

Berkshire Hills Bancorp Appoints Mary Anne Callahan as New Independent Director

BOSTON , Sept. 14, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New En...

1 year ago - PRNewsWire