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BHLB

BHLB - Berkshire Hills Bancorp Inc Stock Price, Fair Value and News

22.74USD+0.23 (+1.02%)Market Closed

Market Summary

BHLB
USD22.74+0.23
Market Closed
1.02%

BHLB Alerts

  • 1 major insider buys recently.

BHLB Stock Price

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BHLB RSI Chart

BHLB Valuation

Market Cap

982.0M

Price/Earnings (Trailing)

14.11

Price/Sales (Trailing)

1.7

EV/EBITDA

0.64

Price/Free Cashflow

6.32

BHLB Price/Sales (Trailing)

BHLB Profitability

EBT Margin

13.59%

Return on Equity

6.88%

Return on Assets

0.56%

Free Cashflow Yield

15.82%

BHLB Fundamentals

BHLB Revenue

Revenue (TTM)

576.3M

Rev. Growth (Yr)

24.02%

Rev. Growth (Qtr)

1.7%

BHLB Earnings

Earnings (TTM)

69.6M

Earnings Growth (Yr)

-104.74%

Earnings Growth (Qtr)

-107.39%

Breaking Down BHLB Revenue

52 Week Range

18.5623.96
(Low)(High)

Last 7 days

5.6%

Last 30 days

2.3%

Last 90 days

1.4%

Trailing 12 Months

16.6%

How does BHLB drawdown profile look like?

BHLB Financial Health

Debt/Equity

0.5

Debt/Cashflow

0.31

BHLB Investor Care

Dividend Yield

3.2%

Dividend/Share (TTM)

0.72

Buy Backs (1Y)

1.90%

Diluted EPS (TTM)

1.6

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023444.8M502.8M547.1M576.3M
2022408.0M397.9M356.6M387.3M
2021394.9M388.6M435.8M434.4M
2020504.6M479.0M443.1M409.8M
2019480.9M494.6M510.8M509.5M
2018385.7M416.5M445.0M465.9M
2017305.5M318.2M330.3M360.3M
2016283.4M286.0M293.2M298.1M
2015237.3M247.9M258.0M268.1M
2014217.4M219.6M221.2M226.5M
2013213.2M222.6M231.0M227.0M
2012155.0M170.0M177.8M197.4M
2011108.5M114.4M129.9M142.3M
2010098.7M102.7M106.7M
200900094.8M
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Tracking the Latest Insider Buys and Sells of Berkshire Hills Bancorp Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 25, 2024
mhatre nitin j.
bought
24,221
22.0192
1,100
president and ceo
Apr 01, 2024
conn kevin
acquired
-
-
2,422
sr managing dir/inv relations
Apr 01, 2024
rosato r david
sold (taxes)
-18,133
22.25
-815
sevp - chief financial officer
Apr 01, 2024
conn kevin
sold (taxes)
-41,340
22.25
-1,858
sr managing dir/inv relations
Mar 19, 2024
tulchiner ellen
sold
-20,100
21.7063
-926
evp,head of cnsmr lndng&pymnts
Mar 07, 2024
adofo-wilson baye
sold
-223,549
22.1907
-10,074
-
Feb 21, 2024
zaitzeff michael
sold
-265,049
22.3576
-11,855
-
Feb 20, 2024
zaitzeff michael
sold
-605,537
22.4273
-27,000
-
Feb 16, 2024
zaitzeff michael
sold
-558,046
22.4025
-24,910
-
Feb 15, 2024
zaitzeff michael
sold
-549,495
22.7233
-24,182
-

1–10 of 50

Which funds bought or sold BHLB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 06, 2024
TEXAS PERMANENT SCHOOL FUND CORP
added
0.91
-62,994
856,635
0.01%
May 06, 2024
LSV ASSET MANAGEMENT
added
116
7,786,000
15,606,000
0.03%
May 06, 2024
Quantbot Technologies LP
new
-
293,193
293,193
0.02%
May 06, 2024
Empowered Funds, LLC
added
8.1
-6,096
2,784,600
0.05%
May 06, 2024
Parallel Advisors, LLC
added
2.2
-129
2,138
-%
May 06, 2024
SG Americas Securities, LLC
reduced
-15.97
-34,000
117,000
-%
May 03, 2024
TRUST CO OF VERMONT
sold off
-100
-18,548
-
-%
May 03, 2024
VICTORY CAPITAL MANAGEMENT INC
reduced
-1.17
-19,243
200,229
-%
May 03, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-495,000
-
-%
May 03, 2024
HUNTINGTON NATIONAL BANK
unchanged
-
-2.00
23.00
-%

1–10 of 47

Are Funds Buying or Selling BHLB?

Are funds buying BHLB calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own BHLB
No. of Funds

Unveiling Berkshire Hills Bancorp Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
11.51%
5,025,964
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
5.8%
2,525,556
SC 13G/A
Jan 23, 2024
blackrock inc.
14.5%
6,338,165
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
7.0%
3,144,534
SC 13G/A
Feb 09, 2023
vanguard group inc
11.65%
5,246,761
SC 13G/A
Jan 26, 2023
blackrock inc.
14.4%
6,490,805
SC 13G/A
Jan 20, 2023
blackrock inc.
14.4%
6,490,805
SC 13G
Feb 09, 2022
vanguard group inc
10.69%
5,202,346
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
5.7%
2,775,007
SC 13G/A
Jan 28, 2022
blackrock inc.
14.7%
7,167,441
SC 13G/A

Recent SEC filings of Berkshire Hills Bancorp Inc

View All Filings
Date Filed Form Type Document
Apr 26, 2024
4
Insider Trading
Apr 18, 2024
8-K
Current Report
Apr 05, 2024
ARS
ARS
Apr 05, 2024
DEF 14A
DEF 14A
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Mar 26, 2024
144
Notice of Insider Sale Intent
Mar 22, 2024
8-K
Current Report
Mar 19, 2024
144
Notice of Insider Sale Intent
Mar 19, 2024
4
Insider Trading

Peers (Alternatives to Berkshire Hills Bancorp Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
550.7B
174.7B
-2.88% 39.91%
10.94
3.15
53.11% 19.83%
296.0B
127.4B
1.99% 36.69%
11.83
2.15
56.12% -12.56%
210.0B
85.8B
4.95% 56.96%
11.19
2.45
35.02% 26.14%
118.3B
125.0B
0.65% 33.74%
14.8
0.95
37.85% -
16.2B
10.4B
4.71% 38.12%
11.31
1.55
26.22% -33.87%
14.1B
8.1B
-0.80% 54.34%
16.12
1.73
32.15% -50.93%
MID-CAP
7.1B
4.2B
1.12% 47.25%
10.15
1.66
34.68% -45.96%
6.5B
3.9B
4.13% 80.63%
9.55
1.64
45.91% -25.03%
3.4B
1.3B
5.29% 67.41%
12.7
2.67
43.24% -22.35%
3.3B
1.8B
5.37% 45.89%
20.77
1.64
47.11% -59.32%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
399.1M
152.4M
-3.36% 49.04%
40.14
2.62
16.94% -73.84%
389.7M
162.6M
0.47% 17.60%
12.96
2.4
25.39% -38.37%
273.7M
96.6M
-5.55% 16.05%
8.64
2.83
11.02% -11.37%
40.3M
60.9M
-4.84% -16.90%
-12.04
0.66
24.06% -144.92%

Berkshire Hills Bancorp Inc News

Latest updates
Yahoo Lifestyle UK26 hours ago
Investing.com19 Mar 202407:00 am
Zacks Investment Research2 months ago

Berkshire Hills Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.7%15114814513212110487.0075.0091.0014597.0010192.0098.00104116125134129121127
EBITDA Margin-15.5%0.78*0.92*1.03*1.15*1.22*1.19*1.16*1.11*1.04*1.03*1.03*-0.47*---------
Interest Expenses-2.1%88.0090.0093.0098.0010292.0081.0069.0069.0071.0075.0075.0076.0077.0078.0086.0091.0097.0092.0085.0093.00
Income Taxes-220.5%-4.514.004.006.005.005.006.005.004.0016.007.004.00-1.66-0.07-16.13-2.006.004.005.007.004.00
Earnings Before Taxes-125.6%-5.9523.0028.0033.0036.0024.0029.0025.0024.0080.0029.0017.0017.0023.00-559-14.0739.0025.0029.0031.0021.00
EBT Margin-38.0%0.14*0.22*0.24*0.28*0.30*0.29*0.40*0.39*0.34*0.33*0.22*-1.27*---------
Net Income-107.4%-1.4420.0024.0028.0031.0019.0023.0020.0020.0064.0022.0013.0015.0021.00-549-19.8726.0023.0025.0024.0014.00
Net Income Margin-34.9%0.12*0.19*0.20*0.23*0.24*0.23*0.32*0.31*0.27*0.26*0.18*-1.27*---------
Free Cashflow17.7%51.0044.0024.0037.0034.0078.00-3.4113.0023.0019.0041.0021.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets2.4%12,43112,14012,09012,32011,66311,31711,57912,09711,55511,84612,27312,75712,83812,61413,06313,12213,21613,53213,65412,17312,212
    Cash Equivalents81.4%1,2036636411,0076856958711,6071,6282,1251,8271,9001,5589351,044605580302229168183
  Net PPE-1.6%69.0070.0077.0079.0085.0087.0090.0093.0094.0099.00105109113117119121120123122106108
  Goodwill----------------554554555555518518
Liabilities2.1%11,41911,18911,11711,32410,70910,37510,56511,00310,37210,66811,09811,58211,65011,43511,89911,39911,45711,76011,87410,59610,659
  Short Term Borrowings-61.2%260670470900--50.00-----40.001101602251253006098611,119
  Long Term Debt-45.3%5079267961,0261261252541121111113154495727038171,0418281,0011,0021,2101,518
Shareholder's Equity6.4%1,0129519739959549431,0141,0941,1821,1781,1751,1751,1881,1791,1641,7221,7591,7721,7801,5771,553
  Retained Earnings-39.0%-33.14-23.85-35.49-51.40-71.43-93.82-107-125-139-153-210-226-233-242-257304361347337322309
  Additional Paid-In Capital0.0%1,4231,4241,4241,4251,4241,4241,4241,4241,4231,4231,4231,4241,4271,4221,4281,4281,4221,4221,4211,2451,245
Shares Outstanding0.8%44.0043.0043.0044.0044.0045.0046.0048.0049.0048.0050.0050.00---------
Float---900---1,100---1,400---548---1,400--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations20.1%52,45043,65423,73837,31422,51277,559-2,68313,3512,24018,81340,16123,57432,87117,614142,10435,052107,80529,788-5,819-20,24940,563
  Share Based Compensation-4.4%1,9772,0672,2581,1961,6791,7332,1211,8055181,3711,6066751,2776351,3561,4591,2661,5421,015989478
Cashflow From Investing532.2%254,392-58,854-140,006-339,993-338,4192,405-252,797-672,075-206,82682,926392,040353,103348,804309,092-177,117160,324465,528220,662376,925139,467-177,040
Cashflow From Financing511.9%232,93238,070-249,694623,886306,349-256,068-480,754638,168-292,137196,110-505,128-34,944240,908-435,566473,745-169,785-295,599-177,661-309,419-134,788183,932
  Dividend Payments-0.7%7,8457,9017,9538,0088,1135,4934,7696,1526,14212,287-6,1246,10818,281-12,17511,63112,05210,70910,71510,223
  Buy Backs87.2%6,6983,57812,3781,19019,97620,24855,04129,254-47,96220,750----47325,09524,3253,326--
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BHLB Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income   
Loans$ 512,535$ 335,312$ 282,164
Securities and other63,76451,94546,901
Total interest and dividend income576,299387,257329,065
Interest expense   
Deposits158,91333,43727,236
Borrowings and subordinated notes48,3399,22310,663
Total interest expense207,25242,66037,899
Net interest income369,047344,597291,166
Non-interest income   
Other2,0456,9736,631
Fair value adjustments on securities513(2,037)(787)
Net recognized (losses)(25,057)60
Gain on sale of business operations and assets, net0052,942
Total non-interest income42,78268,937143,248
Total net revenue411,829413,534434,414
Provision expense/(benefit) for credit losses31,99911,000(500)
Non-interest expense   
Compensation and benefits159,281152,741150,589
Occupancy and equipment35,71837,63841,782
Technology and communications41,87835,58633,803
Marketing and promotion5,3775,1032,749
Professional services11,64312,04315,860
FDIC premiums and assessments7,0193,1053,759
Other real estate owned and foreclosures153617
Amortization of intangible assets4,8205,1345,200
Merger, restructuring and conversion related expenses6,2618,9095,781
Other29,49628,42126,353
Total non-interest expense301,508288,716285,893
Income before income taxes78,322113,818149,021
Income tax expense8,72421,28530,357
Net income$ 69,598$ 92,533$ 118,664
Basic earnings per share (in dollars per share)$ 1.61$ 2.03$ 2.41
Diluted earnings per share (in dollars per share)$ 1.60$ 2.02$ 2.39
Weighted average common shares outstanding:   
Basic (in shares)43,28845,56449,240
Diluted (in shares)43,50445,91449,554
Total fee income   
Non-interest income   
Total fee income$ 65,281$ 63,995$ 84,462
Deposit related fees   
Non-interest income   
Total fee income34,15532,02629,813
Loan related fees   
Non-interest income   
Total fee income10,5959,46716,427
Gain on SBA loan sales   
Non-interest income   
Total fee income10,33412,49420,689
Insurance commissions and fees   
Non-interest income   
Total fee income007,003
Wealth management fees   
Non-interest income   
Total fee income$ 10,197$ 10,008$ 10,530

BHLB Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash and due from banks$ 148,148$ 145,342
Short-term investments1,055,096540,013
Total cash and cash equivalents1,203,244685,355
Trading security6,1426,708
Marketable equity securities, at fair value13,02912,856
Securities available for sale, at fair value1,022,2851,423,200
Securities held to maturity (fair values of $476,228 in 2023 and $507,464 in 2022)543,351583,453
Federal Home Loan Bank stock and other restricted securities22,6897,219
Total securities1,607,4962,033,436
Less: Allowance for credit losses on investment(68)(91)
Net Securities1,607,4282,033,345
Loans held for sale2,2374,311
Total loans9,039,6868,335,309
Less: Allowance for credit losses on loans(105,357)(96,270)
Net loans8,934,3298,239,039
Premises and equipment, net68,91585,217
Other intangible assets19,66424,483
Cash surrender value of bank-owned life insurance242,309238,919
Other assets341,757348,935
Total assets12,430,82111,662,864
Liabilities  
Demand deposits2,469,1642,852,127
NOW and other deposits858,6441,054,596
Money market deposits3,565,5163,723,570
Savings deposits1,053,8101,063,269
Time deposits2,686,2501,633,707
Total deposits10,633,38410,327,269
Short-term debt260,0000
Long-term Federal Home Loan Bank advances125,2234,445
Subordinated notes121,363121,064
Total borrowings506,586125,509
Other liabilities278,630256,024
Total liabilities11,418,60010,708,802
Shareholders’ equity  
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 43,500,872 shares outstanding in 2023; 100,000,000 shares authorized; 51,903,190 shares issued, and 44,361,222 shares outstanding in 2022)528528
Additional paid-in capital - common stock1,423,2731,424,183
Unearned compensation(10,109)(8,598)
Retained (deficit)(33,136)(71,428)
Accumulated other comprehensive (loss)(143,016)(181,052)
Treasury stock, at cost (8,402,318 shares in 2023 and 7,541,968 shares in 2022)(225,319)(209,571)
Total shareholders’ equity1,012,221954,062
Total liabilities and shareholders’ equity12,430,82111,662,864
Disposal Group, Held-for-sale, Not Discontinued Operations  
Assets  
Assets held for sale$ 10,938$ 3,260
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, tax return preparation, and financial planning; and investment products and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. It also has financial centers in Massachusetts, New York, Connecticut, Rhode Island, and Vermont. The company was founded in 1846 and is headquartered in Boston, Massachusetts.
 CEO
 WEBSITEberkshirebank.com
 INDUSTRYBanks Diversified
 EMPLOYEES1310

Berkshire Hills Bancorp Inc Frequently Asked Questions


What is the ticker symbol for Berkshire Hills Bancorp Inc? What does BHLB stand for in stocks?

BHLB is the stock ticker symbol of Berkshire Hills Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Berkshire Hills Bancorp Inc (BHLB)?

As of Tue May 07 2024, market cap of Berkshire Hills Bancorp Inc is 981.99 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BHLB stock?

You can check BHLB's fair value in chart for subscribers.

What is the fair value of BHLB stock?

You can check BHLB's fair value in chart for subscribers. The fair value of Berkshire Hills Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Berkshire Hills Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BHLB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Berkshire Hills Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether BHLB is over valued or under valued. Whether Berkshire Hills Bancorp Inc is cheap or expensive depends on the assumptions which impact Berkshire Hills Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BHLB.

What is Berkshire Hills Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, BHLB's PE ratio (Price to Earnings) is 14.11 and Price to Sales (PS) ratio is 1.7. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BHLB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Berkshire Hills Bancorp Inc's stock?

In the past 10 years, Berkshire Hills Bancorp Inc has provided 0.021 (multiply by 100 for percentage) rate of return.