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BHLB

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

23.54USD+0.15 (+0.64%)Delayed as of 17 May 2024, 12:45 pm ET

Market Summary

BHLB
USD23.54+0.15
Delayedas of 17 May 2024, 12:45 pm
0.64%

BHLB Alerts

  • 1 major insider buys recently.
  • Big fall in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

BHLB Stock Price

View Fullscreen

BHLB RSI Chart

BHLB Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

46.51

Price/Sales (Trailing)

2.03

EV/EBITDA

0.73

Price/Free Cashflow

8.08

BHLB Price/Sales (Trailing)

BHLB Profitability

EBT Margin

3.74%

Return on Equity

2.16%

Return on Assets

0.18%

Free Cashflow Yield

12.38%

BHLB Fundamentals

BHLB Revenue

Revenue (TTM)

499.5M

Rev. Growth (Yr)

-58.02%

Rev. Growth (Qtr)

-63.1%

BHLB Earnings

Earnings (TTM)

21.8M

Earnings Growth (Yr)

-173.05%

Earnings Growth (Qtr)

-1.3K%

Breaking Down BHLB Revenue

52 Week Range

19.4323.96
(Low)(High)

Last 7 days

1.0%

Last 30 days

14.0%

Last 90 days

4.5%

Trailing 12 Months

12.7%

How does BHLB drawdown profile look like?

BHLB Financial Health

Debt/Equity

0.45

Debt/Cashflow

0.28

BHLB Investor Care

Dividend Yield

3.08%

Dividend/Share (TTM)

0.72

Buy Backs (1Y)

2.22%

Diluted EPS (TTM)

0.5

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024499.5M000
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 15, 2024
BARCLAYS PLC
reduced
-26.59
-782,000
1,644,000
-%
May 15, 2024
Community Bank, N.A.
unchanged
-
-504
6,048
-%
May 15, 2024
UBS ASSET MANAGEMENT AMERICAS LLC
added
11.78
49,792
1,614,260
-%
May 15, 2024
MORGAN STANLEY
added
20.87
1,665,300
16,055,000
-%
May 15, 2024
DEUTSCHE BANK AG\
added
7.14
-5,742
516,731
-%
May 15, 2024
Aristotle Capital Boston, LLC
added
1.15
-709,306
9,987,820
0.30%
May 15, 2024
Cetera Advisor Networks LLC
reduced
-0.01
-56,005
671,166
-%
May 15, 2024
Aquatic Capital Management LLC
added
275
146,280
206,280
0.01%
May 15, 2024
OCCUDO QUANTITATIVE STRATEGIES LP
new
-
246,459
246,459
0.04%
May 15, 2024
Clark Capital Management Group, Inc.
reduced
-7.58
-6,532,120
37,932,600
0.28%

1–10 of 48

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
May 14, 2024
8-K
Current Report
May 10, 2024
10-Q
Quarterly Report
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

Peers (Alternatives to Berkshire Hills Bancorp Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
581.4B
174.7B
11.99% 46.24%
11.55
3.33
53.11% 19.83%
306.7B
137.9B
13.09% 37.28%
12.25
2.22
56.12% -12.56%
212.8B
85.8B
8.19% 50.84%
11.34
2.48
35.02% 26.14%
122.4B
125.0B
12.50% 36.26%
15.31
0.98
37.85% -
16.6B
10.4B
12.65% 38.40%
11.61
1.6
26.22% -33.87%
14.4B
8.1B
7.74% 50.49%
16.53
1.78
32.15% -50.93%
MID-CAP
7.2B
4.2B
8.99% 43.16%
10.4
1.7
34.68% -45.96%
6.6B
4.1B
13.27% 70.96%
10.5
1.62
32.93% -30.73%
3.5B
1.3B
12.98% 57.40%
12.27
2.64
30.60% -12.99%
3.3B
2.0B
11.41% 42.76%
20.79
1.64
47.11% -59.32%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
415.3M
173.1M
13.52% 27.11%
14.24
2.4
26.54% -34.86%
390.4M
152.4M
-1.25% 34.56%
39.27
2.56
16.94% -73.84%
289.6M
98.7M
3.86% 15.94%
9.84
2.93
6.27% -22.90%
47.2M
62.5M
11.11% -5.26%
-15.95
0.75
18.83% -145.18%

Berkshire Hills Bancorp Inc News

Latest updates
Marketscreener.com • 5 hours ago
Yahoo Singapore News • 12 May 2024 • 11:14 pm
Investing.com • 19 Mar 2024 • 07:00 am
Zacks Investment Research • 2 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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-63.1%56.0015114814513212110487.0075.0091.0014597.0010192.0098.00104116125134129121
EBITDA Margin-2.4%0.76*0.78*0.94*1.03*1.14*1.21*1.19*1.16*1.11*1.04*1.03*1.03*---------
Interest Expenses-0.3%88.0088.0090.0093.0098.0010292.0081.0069.0069.0071.0075.0075.0076.0077.0078.0086.0091.0097.0092.0085.00
Income Taxes-39.5%-6.29-4.514.004.006.005.005.006.005.004.0016.007.004.00-1.66-0.07-16.13-2.006.004.005.007.00
Earnings Before Taxes-344.7%-26.48-5.9523.0028.0033.0036.0024.0029.0025.0024.0080.0029.0017.0017.0023.00-559-14.0739.0025.0029.0031.00
EBT Margin-72.5%0.04*0.14*0.22*0.24*0.27*0.29*0.29*0.40*0.39*0.34*0.33*0.22*---------
Net Income-1297.1%-20.19-1.4420.0024.0028.0031.0019.0023.0020.0020.0064.0022.0013.0015.0021.00-549-19.8726.0023.0025.0024.00
Net Income Margin-63.9%0.04*0.12*0.19*0.20*0.22*0.24*0.23*0.32*0.31*0.27*0.26*0.18*---------
Free Cashflow-87.1%7.0051.0044.0024.0037.0022.0078.00-3.4113.002.0019.0041.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-2.3%12,14712,43112,14012,09012,32011,66311,31711,57912,09711,55511,84612,27312,75712,83812,61413,06313,12213,21613,53213,65412,173
    Cash Equivalents-0.8%1,1941,2036636411,0076856958711,6071,6282,1251,8271,9001,5589351,044605580302229168
  Net PPE-16.1%58.0069.0070.0077.0079.0085.0087.0090.0093.0094.0099.00105109113117119121120123122106
  Goodwill-----------------554554555555518
Liabilities-2.5%11,13711,41911,18911,11711,32410,70910,37510,56511,00310,37210,66811,09811,58211,65011,43511,89911,39911,45711,76011,87410,596
  Short Term Borrowings-19.2%210260670470900--50.00-----40.00110160225125300609861
  Long Term Debt-9.5%4595079267961,0261261252541121111113154495727038171,0418281,0011,0021,210
Shareholder's Equity-0.2%1,0101,0129519739959549431,0141,0941,1821,1781,1751,1751,1881,1791,1641,7221,7591,7721,7801,577
  Retained Earnings-84.5%-61.15-33.14-23.85-35.49-51.40-71.43-93.82-107-125-139-153-210-226-233-242-257304361347337322
  Additional Paid-In Capital0.0%1,4231,4231,4241,4241,4251,4241,4241,4241,4241,4231,4231,4231,4241,4271,4221,4281,4281,4221,4221,4211,245
Shares Outstanding-0.2%43.0044.0043.0043.0044.0044.0045.0046.0048.0049.0048.0050.00---------
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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-86.9%6,86152,45043,65423,73837,31422,51277,559-2,68313,3512,24018,81340,16123,57432,87117,614142,10435,052107,80529,788-5,819-20,249
  Share Based Compensation6.3%2,1011,9772,0672,2581,1961,6791,7332,1211,8055181,3711,6066751,2776351,3561,4591,2661,5421,015989
Cashflow From Investing14.7%291,876254,392-58,854-140,006-339,993-338,4192,405-252,797-672,075-206,82682,926392,040353,103348,804309,092-177,117160,324465,528220,662376,925139,467
Cashflow From Financing-232.4%-308,286232,93238,070-249,694623,886306,349-256,068-480,754638,168-292,137196,110-505,128-34,944240,908-435,566473,745-169,785-295,599-177,661-309,419-134,788
  Dividend Payments-100.0%-7,8457,9017,9538,0088,1135,4934,7696,1526,14212,287-6,1246,10818,281-12,17511,63112,05210,70910,715
  Buy Backs-39.6%4,0456,6983,57812,3781,19019,97620,24855,04129,254-47,96220,750----47325,09524,3253,326-
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BHLB Income Statement

2024-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income  
Loans$ 136,560$ 117,493
Securities and other15,44614,823
Total interest and dividend income152,006132,316
Interest expense  
Deposits56,86226,082
Borrowings7,0048,701
Total interest expense63,86634,783
Net interest income88,14097,533
Non-interest income  
Other, net1,874359
Fair value adjustments on securities(115)234
(Loss) on sale of AFS securities, net(49,909)0
Total non-interest income(32,599)16,606
Total net revenue55,541114,139
Provision expense for credit losses6,0008,999
Non-interest expense  
Compensation and benefits40,73539,071
Occupancy and equipment8,6989,379
Technology9,9049,471
Professional services2,6763,277
Regulatory expenses1,8451,426
Amortization of intangible assets1,2051,205
Marketing1,1161,208
Restructuring and other expenses3,617(36)
Other6,2246,954
Total non-interest expense76,02071,955
(Loss)/income before income taxes(26,479)33,185
Income tax (benefit)/expense(6,291)5,548
Net (loss)/income$ (20,188)$ 27,637
Basic (loss)/earnings per common share (in dollars per share)$ (0.47)$ 0.63
Diluted (loss)/earnings per common share (in dollars per share)$ (0.47)$ 0.63
Weighted average shares outstanding:  
Basic (in shares)42,77743,693
Diluted (in shares)43,02844,036
Total fee income  
Non-interest income  
Total fee income$ 15,551$ 16,013
Deposit related fees  
Non-interest income  
Total fee income8,3058,311
Loan related fees  
Non-interest income  
Total fee income2,6632,469
Gain on SBA loans  
Non-interest income  
Total fee income1,6992,494
Wealth management fees  
Non-interest income  
Total fee income$ 2,884$ 2,739

BHLB Balance Sheet

2024-03-31
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets  
Cash and due from banks$ 111,676$ 148,148
Short-term investments1,082,0191,055,096
Total cash and cash equivalents1,193,6951,203,244
Trading securities, at fair value5,9096,142
Equity securities, at fair value12,82313,029
Securities available for sale, at fair value625,8571,022,285
Securities held to maturity (fair values of $459,626 and $476,228)531,820543,351
Federal Home Loan Bank stock20,52222,689
Total securities1,196,9311,607,496
Less: Allowance for credit losses on held to maturity securities(61)(68)
Net securities1,196,8701,607,428
Loans held for sale6,3452,237
Total loans9,085,7539,039,686
Less: Allowance for credit losses on loans(107,331)(105,357)
Net loans8,978,4228,934,329
Premises and equipment, net57,83268,915
Other intangible assets18,46019,664
Cash surrender value of bank-owned life insurance policies243,777242,309
Other assets368,190341,757
Total assets12,146,61112,430,821
Liabilities  
Demand deposits2,261,7942,469,164
NOW and other deposits793,492858,644
Money market deposits3,411,6723,565,516
Savings deposits1,010,6301,053,810
Time deposits2,405,3842,686,250
Total deposits9,882,97210,633,384
Short-term debt210,000260,000
Long-term Federal Home Loan Bank advances and other127,169125,223
Subordinated borrowings121,425121,363
Total borrowings458,594506,586
Other liabilities297,663278,630
Total liabilities11,136,68811,418,600
Shareholders’ equity  
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 43,414,610 shares outstanding in 2024; 51,903,190 shares issued and 43,500,872 shares outstanding in 2023)528528
Additional paid-in capital - common stock1,422,7091,423,273
Unearned compensation(11,297)(10,109)
Retained (deficit)(61,147)(33,136)
Accumulated other comprehensive (loss)(114,415)(143,016)
Treasury stock, at cost (8,488,580 shares in 2024 and 8,402,318 shares in 2023)(226,455)(225,319)
Total shareholders’ equity1,009,9231,012,221
Total liabilities and shareholders’ equity12,146,61112,430,821
Held For Sale  
Assets  
Assets held for sale83,02010,938
Liabilities  
Liabilities held for sale$ 497,459$ 0
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 Thu May 16 2024, market cap of Berkshire Hills Bancorp Inc is 1.01 Billion. 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 Thu May 16 2024, BHLB's PE ratio (Price to Earnings) is 46.51 and Price to Sales (PS) ratio is 2.03. 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 0.027 (multiply by 100 for percentage) rate of return.