BHLB RSI Chart
Last 7 days
5.6%
Last 30 days
2.3%
Last 90 days
1.4%
Trailing 12 Months
16.6%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 444.8M | 502.8M | 547.1M | 576.3M |
2022 | 408.0M | 397.9M | 356.6M | 387.3M |
2021 | 394.9M | 388.6M | 435.8M | 434.4M |
2020 | 504.6M | 479.0M | 443.1M | 409.8M |
2019 | 480.9M | 494.6M | 510.8M | 509.5M |
2018 | 385.7M | 416.5M | 445.0M | 465.9M |
2017 | 305.5M | 318.2M | 330.3M | 360.3M |
2016 | 283.4M | 286.0M | 293.2M | 298.1M |
2015 | 237.3M | 247.9M | 258.0M | 268.1M |
2014 | 217.4M | 219.6M | 221.2M | 226.5M |
2013 | 213.2M | 222.6M | 231.0M | 227.0M |
2012 | 155.0M | 170.0M | 177.8M | 197.4M |
2011 | 108.5M | 114.4M | 129.9M | 142.3M |
2010 | 0 | 98.7M | 102.7M | 106.7M |
2009 | 0 | 0 | 0 | 94.8M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 | - |
Which funds bought or sold BHLB recently?
View All DetailsDatesorted ascending | Fund Name | Type | % 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 | -% |
Unveiling Berkshire Hills Bancorp Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Berkshire Hills Bancorp Inc)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
JPM | 550.7B | 174.7B | 10.94 | 3.15 | ||||
BAC | 296.0B | 127.4B | 11.83 | 2.15 | ||||
WFC | 210.0B | 85.8B | 11.19 | 2.45 | ||||
C | 118.3B | 125.0B | 14.8 | 0.95 | ||||
CFG | 16.2B | 10.4B | 11.31 | 1.55 | ||||
KEY | 14.1B | 8.1B | 16.12 | 1.73 | ||||
MID-CAP | ||||||||
CMA | 7.1B | 4.2B | 10.15 | 1.66 | ||||
ZION | 6.5B | 3.9B | 9.55 | 1.64 | ||||
ABCB | 3.4B | 1.3B | 12.7 | 2.67 | ||||
ASB | 3.3B | 1.8B | 20.77 | 1.64 | ||||
SMALL-CAP | ||||||||
AMNB | 497.6M | 120.2M | 19.02 | 4.14 | ||||
ALRS | 399.1M | 152.4M | 40.14 | 2.62 | ||||
AROW | 389.7M | 162.6M | 12.96 | 2.4 | ||||
ACNB | 273.7M | 96.6M | 8.64 | 2.83 | ||||
ASRV | 40.3M | 60.9M | -12.04 | 0.66 |
Berkshire Hills Bancorp Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 1.7% | 151 | 148 | 145 | 132 | 121 | 104 | 87.00 | 75.00 | 91.00 | 145 | 97.00 | 101 | 92.00 | 98.00 | 104 | 116 | 125 | 134 | 129 | 121 | 127 |
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% | 88.00 | 90.00 | 93.00 | 98.00 | 102 | 92.00 | 81.00 | 69.00 | 69.00 | 71.00 | 75.00 | 75.00 | 76.00 | 77.00 | 78.00 | 86.00 | 91.00 | 97.00 | 92.00 | 85.00 | 93.00 |
Income Taxes | -220.5% | -4.51 | 4.00 | 4.00 | 6.00 | 5.00 | 5.00 | 6.00 | 5.00 | 4.00 | 16.00 | 7.00 | 4.00 | -1.66 | -0.07 | -16.13 | -2.00 | 6.00 | 4.00 | 5.00 | 7.00 | 4.00 |
Earnings Before Taxes | -125.6% | -5.95 | 23.00 | 28.00 | 33.00 | 36.00 | 24.00 | 29.00 | 25.00 | 24.00 | 80.00 | 29.00 | 17.00 | 17.00 | 23.00 | -559 | -14.07 | 39.00 | 25.00 | 29.00 | 31.00 | 21.00 |
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% | -1.44 | 20.00 | 24.00 | 28.00 | 31.00 | 19.00 | 23.00 | 20.00 | 20.00 | 64.00 | 22.00 | 13.00 | 15.00 | 21.00 | -549 | -19.87 | 26.00 | 23.00 | 25.00 | 24.00 | 14.00 |
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 Cashflow | 17.7% | 51.00 | 44.00 | 24.00 | 37.00 | 34.00 | 78.00 | -3.41 | 13.00 | 23.00 | 19.00 | 41.00 | 21.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 2.4% | 12,431 | 12,140 | 12,090 | 12,320 | 11,663 | 11,317 | 11,579 | 12,097 | 11,555 | 11,846 | 12,273 | 12,757 | 12,838 | 12,614 | 13,063 | 13,122 | 13,216 | 13,532 | 13,654 | 12,173 | 12,212 |
Cash Equivalents | 81.4% | 1,203 | 663 | 641 | 1,007 | 685 | 695 | 871 | 1,607 | 1,628 | 2,125 | 1,827 | 1,900 | 1,558 | 935 | 1,044 | 605 | 580 | 302 | 229 | 168 | 183 |
Net PPE | -1.6% | 69.00 | 70.00 | 77.00 | 79.00 | 85.00 | 87.00 | 90.00 | 93.00 | 94.00 | 99.00 | 105 | 109 | 113 | 117 | 119 | 121 | 120 | 123 | 122 | 106 | 108 |
Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 554 | 554 | 555 | 555 | 518 | 518 |
Liabilities | 2.1% | 11,419 | 11,189 | 11,117 | 11,324 | 10,709 | 10,375 | 10,565 | 11,003 | 10,372 | 10,668 | 11,098 | 11,582 | 11,650 | 11,435 | 11,899 | 11,399 | 11,457 | 11,760 | 11,874 | 10,596 | 10,659 |
Short Term Borrowings | -61.2% | 260 | 670 | 470 | 900 | - | - | 50.00 | - | - | - | - | - | 40.00 | 110 | 160 | 225 | 125 | 300 | 609 | 861 | 1,119 |
Long Term Debt | -45.3% | 507 | 926 | 796 | 1,026 | 126 | 125 | 254 | 112 | 111 | 111 | 315 | 449 | 572 | 703 | 817 | 1,041 | 828 | 1,001 | 1,002 | 1,210 | 1,518 |
Shareholder's Equity | 6.4% | 1,012 | 951 | 973 | 995 | 954 | 943 | 1,014 | 1,094 | 1,182 | 1,178 | 1,175 | 1,175 | 1,188 | 1,179 | 1,164 | 1,722 | 1,759 | 1,772 | 1,780 | 1,577 | 1,553 |
Retained Earnings | -39.0% | -33.14 | -23.85 | -35.49 | -51.40 | -71.43 | -93.82 | -107 | -125 | -139 | -153 | -210 | -226 | -233 | -242 | -257 | 304 | 361 | 347 | 337 | 322 | 309 |
Additional Paid-In Capital | 0.0% | 1,423 | 1,424 | 1,424 | 1,425 | 1,424 | 1,424 | 1,424 | 1,424 | 1,423 | 1,423 | 1,423 | 1,424 | 1,427 | 1,422 | 1,428 | 1,428 | 1,422 | 1,422 | 1,421 | 1,245 | 1,245 |
Shares Outstanding | 0.8% | 44.00 | 43.00 | 43.00 | 44.00 | 44.00 | 45.00 | 46.00 | 48.00 | 49.00 | 48.00 | 50.00 | 50.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | 900 | - | - | - | 1,100 | - | - | - | 1,400 | - | - | - | 548 | - | - | - | 1,400 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | 20.1% | 52,450 | 43,654 | 23,738 | 37,314 | 22,512 | 77,559 | -2,683 | 13,351 | 2,240 | 18,813 | 40,161 | 23,574 | 32,871 | 17,614 | 142,104 | 35,052 | 107,805 | 29,788 | -5,819 | -20,249 | 40,563 |
Share Based Compensation | -4.4% | 1,977 | 2,067 | 2,258 | 1,196 | 1,679 | 1,733 | 2,121 | 1,805 | 518 | 1,371 | 1,606 | 675 | 1,277 | 635 | 1,356 | 1,459 | 1,266 | 1,542 | 1,015 | 989 | 478 |
Cashflow From Investing | 532.2% | 254,392 | -58,854 | -140,006 | -339,993 | -338,419 | 2,405 | -252,797 | -672,075 | -206,826 | 82,926 | 392,040 | 353,103 | 348,804 | 309,092 | -177,117 | 160,324 | 465,528 | 220,662 | 376,925 | 139,467 | -177,040 |
Cashflow From Financing | 511.9% | 232,932 | 38,070 | -249,694 | 623,886 | 306,349 | -256,068 | -480,754 | 638,168 | -292,137 | 196,110 | -505,128 | -34,944 | 240,908 | -435,566 | 473,745 | -169,785 | -295,599 | -177,661 | -309,419 | -134,788 | 183,932 |
Dividend Payments | -0.7% | 7,845 | 7,901 | 7,953 | 8,008 | 8,113 | 5,493 | 4,769 | 6,152 | 6,142 | 12,287 | - | 6,124 | 6,108 | 18,281 | - | 12,175 | 11,631 | 12,052 | 10,709 | 10,715 | 10,223 |
Buy Backs | 87.2% | 6,698 | 3,578 | 12,378 | 1,190 | 19,976 | 20,248 | 55,041 | 29,254 | - | 47,962 | 20,750 | - | - | - | - | 473 | 25,095 | 24,325 | 3,326 | - | - |
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 other | 63,764 | 51,945 | 46,901 |
Total interest and dividend income | 576,299 | 387,257 | 329,065 |
Interest expense | |||
Deposits | 158,913 | 33,437 | 27,236 |
Borrowings and subordinated notes | 48,339 | 9,223 | 10,663 |
Total interest expense | 207,252 | 42,660 | 37,899 |
Net interest income | 369,047 | 344,597 | 291,166 |
Non-interest income | |||
Other | 2,045 | 6,973 | 6,631 |
Fair value adjustments on securities | 513 | (2,037) | (787) |
Net recognized (losses) | (25,057) | 6 | 0 |
Gain on sale of business operations and assets, net | 0 | 0 | 52,942 |
Total non-interest income | 42,782 | 68,937 | 143,248 |
Total net revenue | 411,829 | 413,534 | 434,414 |
Provision expense/(benefit) for credit losses | 31,999 | 11,000 | (500) |
Non-interest expense | |||
Compensation and benefits | 159,281 | 152,741 | 150,589 |
Occupancy and equipment | 35,718 | 37,638 | 41,782 |
Technology and communications | 41,878 | 35,586 | 33,803 |
Marketing and promotion | 5,377 | 5,103 | 2,749 |
Professional services | 11,643 | 12,043 | 15,860 |
FDIC premiums and assessments | 7,019 | 3,105 | 3,759 |
Other real estate owned and foreclosures | 15 | 36 | 17 |
Amortization of intangible assets | 4,820 | 5,134 | 5,200 |
Merger, restructuring and conversion related expenses | 6,261 | 8,909 | 5,781 |
Other | 29,496 | 28,421 | 26,353 |
Total non-interest expense | 301,508 | 288,716 | 285,893 |
Income before income taxes | 78,322 | 113,818 | 149,021 |
Income tax expense | 8,724 | 21,285 | 30,357 |
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) | 43,288 | 45,564 | 49,240 |
Diluted (in shares) | 43,504 | 45,914 | 49,554 |
Total fee income | |||
Non-interest income | |||
Total fee income | $ 65,281 | $ 63,995 | $ 84,462 |
Deposit related fees | |||
Non-interest income | |||
Total fee income | 34,155 | 32,026 | 29,813 |
Loan related fees | |||
Non-interest income | |||
Total fee income | 10,595 | 9,467 | 16,427 |
Gain on SBA loan sales | |||
Non-interest income | |||
Total fee income | 10,334 | 12,494 | 20,689 |
Insurance commissions and fees | |||
Non-interest income | |||
Total fee income | 0 | 0 | 7,003 |
Wealth management fees | |||
Non-interest income | |||
Total fee income | $ 10,197 | $ 10,008 | $ 10,530 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Assets | ||
Cash and due from banks | $ 148,148 | $ 145,342 |
Short-term investments | 1,055,096 | 540,013 |
Total cash and cash equivalents | 1,203,244 | 685,355 |
Trading security | 6,142 | 6,708 |
Marketable equity securities, at fair value | 13,029 | 12,856 |
Securities available for sale, at fair value | 1,022,285 | 1,423,200 |
Securities held to maturity (fair values of $476,228 in 2023 and $507,464 in 2022) | 543,351 | 583,453 |
Federal Home Loan Bank stock and other restricted securities | 22,689 | 7,219 |
Total securities | 1,607,496 | 2,033,436 |
Less: Allowance for credit losses on investment | (68) | (91) |
Net Securities | 1,607,428 | 2,033,345 |
Loans held for sale | 2,237 | 4,311 |
Total loans | 9,039,686 | 8,335,309 |
Less: Allowance for credit losses on loans | (105,357) | (96,270) |
Net loans | 8,934,329 | 8,239,039 |
Premises and equipment, net | 68,915 | 85,217 |
Other intangible assets | 19,664 | 24,483 |
Cash surrender value of bank-owned life insurance | 242,309 | 238,919 |
Other assets | 341,757 | 348,935 |
Total assets | 12,430,821 | 11,662,864 |
Liabilities | ||
Demand deposits | 2,469,164 | 2,852,127 |
NOW and other deposits | 858,644 | 1,054,596 |
Money market deposits | 3,565,516 | 3,723,570 |
Savings deposits | 1,053,810 | 1,063,269 |
Time deposits | 2,686,250 | 1,633,707 |
Total deposits | 10,633,384 | 10,327,269 |
Short-term debt | 260,000 | 0 |
Long-term Federal Home Loan Bank advances | 125,223 | 4,445 |
Subordinated notes | 121,363 | 121,064 |
Total borrowings | 506,586 | 125,509 |
Other liabilities | 278,630 | 256,024 |
Total liabilities | 11,418,600 | 10,708,802 |
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) | 528 | 528 |
Additional paid-in capital - common stock | 1,423,273 | 1,424,183 |
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’ equity | 1,012,221 | 954,062 |
Total liabilities and shareholders’ equity | 12,430,821 | 11,662,864 |
Disposal Group, Held-for-sale, Not Discontinued Operations | ||
Assets | ||
Assets held for sale | $ 10,938 | $ 3,260 |