Berkshire Hills Bancorp, Inc. (BHLB)

NYSE: BHLB · IEX Real-Time Price · USD
29.09
+0.09 (0.31%)
Aug 8, 2022 4:00 PM EDT - Market closed
0.31%
Market Cap 1.33B
Revenue (ttm) 422.87M
Net Income (ttm) 125.83M
Shares Out 45.79M
EPS (ttm) 2.62
PE Ratio 11.10
Forward PE 14.88
Dividend $0.48 (1.65%)
Ex-Dividend Date Aug 10, 2022
Volume 366,184
Open 29.14
Previous Close 29.00
Day's Range 28.98 - 29.31
52-Week Range 23.15 - 31.78
Beta 1.08
Analysts Sell
Price Target 29.78 (+2.4%)
Earnings Date Jul 20, 2022

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, 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 plannin... [Read more...]

Industry Banks
IPO Date Jun 28, 2000
CEO Richard Marotta
Employees 1,322
Stock Exchange NYSE
Ticker Symbol BHLB
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for BHLB stock is "Sell." The 12-month stock price forecast is 29.78, which is an increase of 2.37% from the latest price.

Price Target
$29.78
(2.37% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Is Berkshire Hills Bancorp (BHLB) Outperforming Other Finance Stocks This Year?

Here is how Berkshire Hills Bancorp (BHLB) and City Holding (CHCO) have performed compared to their sector so far this year.

Berkshire Hills Announces Quarterly Shareholder Dividend

BOSTON , July 29, 2022 /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 sharehol...

Here's Why Berkshire Hills Bancorp (BHLB) is a Great Momentum Stock to Buy

Does Berkshire Hills Bancorp (BHLB) have what it takes to be a top stock pick for momentum investors? Let's find out.

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

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 10.87% and 1.52%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Berkshire Hills Reports 19% Increase in Quarterly Earnings Per Share

BOSTON , July 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that second quarter 2022 earnings per share (EPS) increased by 19% to $0.50 from $0.42 in the prior quart...

Moody's Assigns First-Time "A3" Deposit Rating to Berkshire Bank

Assigns Positive Rating Outlook BOSTON , July 13, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. ("Berkshire Hills" or the "Company") (NYSE: BHLB), the parent company of Berkshire Bank (the "Bank"),...

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.

Berkshire Hills Second Quarter Earnings Release and Conference Call Dates

BOSTON , July 6, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its second quarter earnings release before the market opens on Wednesday, July 20, 2022. The Company will also...

BERKSHIRE HILLS BANCORP ISSUES $100 MILLION SUSTAINABILITY BOND

First U.S. Community Bank Holding Company to Issue a Bond Dedicated to Supporting Social & Environmental Projects BOSTON , June 30, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ("Berk...

BERKSHIRE HILLS BANCORP, INC. ANNOUNCES PRICING OF SUBORDINATED NOTES OFFERING

BOSTON , June 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ("Berkshire" or the "Company") announced today the pricing of its offering of $100.0 million of its 5.50% fixed-to-float...

Berkshire Bank Selects Salt Security for API Security as its Business Operations Scale

Salt Security allows Berkshire Bank to accurately capture, catalog, and secure its growing API activity PALO ALTO, Calif. , June 1, 2022 /PRNewswire/ --  Salt Security , the leading API security company...

Berkshire Hills Announces Results of Annual Meeting

All Proposals Approved by Shareholders; Company Recaps 2021 Highlights BOSTON , May 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), announced today that all four proposals were appr...

Berkshire Hills Bancorp (BHLB) Beats Q1 Earnings Estimates

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 4.88% and 3.61%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

BERKSHIRE HILLS REPORTS IMPROVED FIRST QUARTER RESULTS

BOSTON , April 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that first  quarter earnings per share (EPS) increased year-over-year by 62% to $0.42 in 2022 from $0.26...

Berkshire Hills First Quarter Earnings Release and Conference Call Dates

BOSTON , April 5, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its first quarter earnings release before the market opens on Wednesday, April 20, 2022. The Company will als...

Berkshire Bank Expands Partnership with FinTech Narmi

Partnership will Propel Berkshire Bank to the Forefront of Digital Banking Experience BOSTON , March 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire ...

Berkshire Hills (BHLB) Upgraded to Buy: Here's What You Should Know

Berkshire Hills (BHLB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Is Berkshire Hills Bancorp (BHLB) Stock Outpacing Its Finance Peers This Year?

Here is how Berkshire Hills Bancorp (BHLB) and Brookline Bancorp (BRKL) have performed compared to their sector so far this year.

Berkshire Hills Appoints Mihir A. Desai As New Independent Director

Financial, Investment, and Business Expertise Will Bolster Transformation   BOSTON, March 14, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a soc...

Berkshire Hills CEO to Discuss Digital Banking Transformation at KBW Winter Financial Services Symposium

BOSTON, Feb. 14, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank  with branch locations in New Englan...

Berkshire Hills Bancorp (BHLB) Q4 Earnings Match Estimates

Berkshire Hills (BHLB) delivered earnings and revenue surprises of 0% and 0.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

BERKSHIRE HILLS REPORTS IMPROVED FOURTH QUARTER RESULTS; SETS ANNUAL MEETING DATE

BOSTON, Jan. 20, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported that fourth quarter earnings per share (EPS) increased year-over-year by 40% to $0.42 in 2021, and by 50% ...

BERKSHIRE HILLS REPORTS $140 MILLION SHARE REPURCHASE PROGRAM

BOSTON, Jan. 19, 2022 /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 auth...

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

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.

Berkshire Hills Fourth Quarter Earnings Release and Conference Call Dates

BOSTON, Jan. 7, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) will issue its fourth quarter earnings release before the market opens on Thursday, January 20, 2022. The Company will als...