Berkshire Hills Bancorp, Inc. (BHLB)

NYSE: BHLB · IEX Real-Time Price · USD
22.92
+0.13 (0.57%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.57%
Market Cap 994.20M
Revenue (ttm) 411.83M
Net Income (ttm) 69.60M
Shares Out 43.62M
EPS (ttm) 1.60
PE Ratio 14.20
Forward PE 10.71
Dividend $0.72 (3.14%)
Ex-Dividend Date Mar 20, 2024
Volume 126,738
Open 22.77
Previous Close 22.79
Day's Range 22.65 - 23.07
52-Week Range 18.07 - 25.79
Beta 0.87
Analysts Hold
Price Target 22.75 (-0.74%)
Earnings Date Apr 18, 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, BHLB's revenue was $411.83 million, a decrease of -0.41% compared to the previous year's $413.53 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 $22.75, which is a decrease of -0.74% from the latest price.

Price Target
$22.75
(-0.74% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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/ --...

7 days ago - PRNewsWire

Berkshire Hills Announces Quarterly Shareholder Dividend

BOSTON , March 7, 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 shareh...

20 days 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...

23 days 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 ...

23 days 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...

6 weeks ago - PRNewsWire

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...

2 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...

2 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...

3 months 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 months 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...

6 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...

7 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...

9 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...

9 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...

9 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...

11 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...

1 year 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...

1 year 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...

1 year 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...

1 year 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...

1 year 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...

1 year 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...

1 year 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...

1 year 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...

1 year 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 ...

1 year ago - PRNewsWire