Berkshire Hills Bancorp Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for BHLB stock have an average target of 25.75, with a low estimate of 24 and a high estimate of 28. The average target predicts a decrease of -14.11% from the current stock price of 29.98.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$24	$25.75	$26	$28
Change	-19.95%	-14.11%	-13.28%	-6.60%

* Price targets were last updated on Jul 22, 2024.

Analyst Ratings

The average analyst rating for BHLB stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	5	5	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	0
Total	5	6	6	6	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jake Civiello Janney Montgomery Scott	Janney Montgomery Scott	Strong Buy → Hold Downgrades $28	Strong Buy → Hold	Downgrades	$28	-6.60%	Jul 22, 2024
Christopher O'Connell Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $24 → $25	Hold	Maintains	$24 → $25	-16.61%	Jan 30, 2024
Laurie Havener Hunsicker Seaport Global	Seaport Global	Strong Sell → Hold Upgrades n/a	Strong Sell → Hold	Upgrades	n/a	n/a	Jan 29, 2024
Jon Arfstrom RBC Capital	RBC Capital	Hold Reiterates $26	Hold	Reiterates	$26	-13.28%	Jan 26, 2024
Mark Fitzgibbon Piper Sandler	Piper Sandler	Sell → Hold Upgrades $24	Sell → Hold	Upgrades	$24	-19.95%	Jan 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

360.91M

Revenue Next Year

373.29M

from 360.91M

3.43%

from 360.91M

EPS This Year

2.22

from 1.60

38.84%

from 1.60

EPS Next Year

2.47

from 2.22

11.13%

from 2.22

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	360.91M	373.29M	405.20M
Revenue Growth	2.16%	-25.77%	41.57%	-7.45%	-5.64%	-	3.43%	8.55%
EPS	1.95	-10.60	2.39	2.02	1.60	2.22	2.47	2.91
EPS Growth	-13.91%	-	-	-15.48%	-20.79%	38.84%	11.13%	17.80%
Forward PE	-	-	-	-	-	13.50	12.14	10.31
No. Analysts	-	-	-	-	-	8	8	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	376.6M	393.9M	425.7M
Avg	360.9M	373.3M	405.2M
Low	343.9M	352.1M	376.8M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	9.1%	14.0%
Avg	-	3.4%	8.5%
Low	-	-2.4%	0.9%

EPS Forecast

EPS	2024	2025	2026
High	2.32	2.71	3.15
Avg	2.22	2.47	2.91
Low	2.10	2.24	2.48

EPS Growth

EPS Growth	2024	2025	2026
High	45.0%	22.0%	27.6%
Avg	38.8%	11.1%	17.8%
Low	31.1%	0.7%	0.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.