Berkshire Hills Bancorp, Inc. (BHLB)

NYSE: BHLB · IEX Real-Time Price · USD
21.15
+0.18 (0.88%)
Nov 29, 2023, 9:32 AM EST - Market open
0.88%
Market Cap 923.41M
Revenue (ttm) 449.54M
Net Income (ttm) 101.55M
Shares Out 43.67M
EPS (ttm) 2.31
PE Ratio 9.07
Forward PE 10.13
Dividend $0.72 (3.41%)
Ex-Dividend Date Nov 15, 2023
Volume 1,155
Open 21.18
Previous Close 20.96
Day's Range 21.15 - 21.15
52-Week Range 18.07 - 31.63
Beta 0.94
Analysts Sell
Price Target 21.67 (+2.48%)
Earnings Date Oct 20, 2023

About BHLB

Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, interest-bearing checking, 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,... [Read more]

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

Financial Performance

In 2022, BHLB's revenue was $413.53 million, a decrease of -4.81% compared to the previous year's $434.41 million. Earnings were $92.53 million, a decrease of -22.02%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for BHLB stock is "Sell." The 12-month stock price forecast is $21.67, which is an increase of 2.48% from the latest price.

Price Target
$21.67
(2.48% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Berkshire Hills Announces Quarterly Shareholder Dividend

BOSTON , Nov. 3, 2023 /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...

26 days ago - PRNewsWire

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...

5 weeks 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...

2 months 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...

2 months ago - PRNewsWire

Berkshire Hills Reports Second Quarter Net Income of $24 Million, or $0.55 Earnings per Share

Period-end loan growth of 2%; total deposits unchanged. Net loan charge-offs decreased $1.1 million; credit loss allowance increased $2.2 million commensurate with loan growth. TCE ratio of 7.9 percen...

4 months ago - PRNewsWire

Berkshire Hills Announces Allocation of Inaugural $100 Million Sustainability Bond

Bond Supports Social & Environmental Projects in New England & New York  BOSTON , July 10, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ("Berkshire" or the "Company"), announced tod...

5 months ago - PRNewsWire

Berkshire Hills Announces Second Quarter 2023 Earnings Release and Conference Call Dates

BOSTON , June 29, 2023 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) second quarter 2023 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, Jul...

5 months ago - PRNewsWire

Berkshire Hills Announces Results of Annual Meeting

All Proposals Approved by Shareholders; Company Highlights Strength & Progress BOSTON , May 19, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), announced today that all four proposals...

6 months ago - PRNewsWire

Berkshire Releases Environmental, Social & Governance (ESG) Report

Highlights Berkshire's Transformational Efforts to Build More Equitable and Sustainable Communities  BOSTON , April 26, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent comp...

7 months ago - PRNewsWire

Berkshire Hills Reports First Quarter Net Income of $27.6 Million, or $0.63 per Share

Diversified 5 percent growth in average loans; relatively flat (-1%) average deposits Cash and borrowing capacity at 117% of uninsured deposits Tangible book value per share +4 percent to $21.89 TCE r...

7 months ago - PRNewsWire

Berkshire Hills Bancorp Appoints Former Federal Reserve Bank of Boston President and CEO Eric Rosengren as New Independent Director

BOSTON , April 10, 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...

8 months ago - PRNewsWire

Berkshire Hills First Quarter Earnings Release and Conference Call Dates

BOSTON , March 31, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its first quarter earnings release before the market opens on Thursday, April 20, 2023. The Company will a...

8 months ago - PRNewsWire

Berkshire Hills Announces Annual Meeting Date

BOSTON , Feb. 6, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has determined that the Annual Meeting of Shareholders will be held at 10:0...

10 months ago - PRNewsWire

Berkshire Hills Appoints Former Massachusetts Lieutenant Governor Karyn Polito as New Independent Director

BOSTON , Feb. 2, 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 Engl...

10 months ago - PRNewsWire

BERKSHIRE HILLS REPORTS RECORD FOURTH QUARTER RESULTS

BOSTON , Jan. 26, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that fourth quarter 2022 earnings per share ("EPS") increased year-over-year by 64% to a fourth quarter...

10 months ago - PRNewsWire

Berkshire Hills Bancorp Names David Rosato as Senior Executive Vice President, Chief Financial Officer

BOSTON , Jan. 25, 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 Eng...

10 months ago - PRNewsWire

BERKSHIRE HILLS ANNOUNCES $50 MILLION SHARE REPURCHASE PROGRAM

BOSTON , Jan. 25, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a share repurchase program pursuant to which the Company is a...

10 months ago - PRNewsWire

Berkshire Hills Bancorp Names New Executives

James "Jim" Brown Named Senior Executive Vice President, Head of Commercial Banking Philip Jurgeleit Named Executive Vice President, Chief Credit Officer BOSTON , Jan. 17, 2023 /PRNewswire/ -- Berkshi...

11 months ago - PRNewsWire

Berkshire Hills Fourth Quarter Earnings Release and Conference Call Dates

BOSTON , Jan. 6, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its fourth quarter earnings release before the market opens on Thursday, January 26, 2023. The Company will ...

11 months ago - PRNewsWire

KBRA Releases Third-Quarter 2022 U.S. Bank Compendium and 2023 Sector Outlook

NEW YORK--(BUSINESS WIRE)--KBRA releases its third-quarter 2022 U.S. Bank Compendium and 2023 Sector Outlook, providing the latest view of the U.S. banking industry, including KBRA's sector outlook,...

1 year ago - Business Wire

Berkshire Bank Team Rings NYSE Opening Bell

BOSTON , Nov. 10, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) rang the bell to open trading on the New York Stock Exchange (NYSE) on Wednesday morning, November 9.  Berkshire is ce...

1 year ago - PRNewsWire

Berkshire Hills Announces 50% Increase in Quarterly Shareholder Dividend

BOSTON , Nov. 4, 2022 /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...

1 year ago - PRNewsWire

Berkshire Hills Reports Third Quarter Results

BOSTON , Oct. 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported third quarter 2022 earnings per share ("EPS") totaling $0.42.  The non-GAAP measure of adjusted EPS tot...

1 year ago - PRNewsWire

Berkshire Hills Announces Executive Change

BOSTON , Oct. 13, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (the "Company", NYSE: BHLB) and Berkshire Bank (the "Bank") announced today that Subhadeep Basu, Chief Financial Officer of the Com...

1 year ago - PRNewsWire

Berkshire Hills Third Quarter Earnings Release and Conference Call Dates

BOSTON , Oct. 6, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its third quarter earnings release before the market opens on Thursday, October 20, 2022. The Company will a...

1 year ago - PRNewsWire