Berkshire Hills BancorpBHLB
BHLB
About: Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services.
Employees: 1,238
0
Funds holding %
of 7,363 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
264% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 11
244% more call options, than puts
Call options by funds: $31K | Put options by funds: $9K
26% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 54
17% more capital invested
Capital invested by funds: $971M [Q3] → $1.14B (+$168M) [Q4]
15% more funds holding
Funds holding: 186 [Q3] → 213 (+27) [Q4]
9.42% more ownership
Funds ownership: 83.83% [Q3] → 93.25% (+9.42%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$31
20%
upside
Avg. target
$34
32%
upside
High target
$39
51%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
RBC Capital Karl Shepard 0% 1-year accuracy 0 / 5 met price target | 20%upside $31 | Sector Perform Reiterated | 31 Jan 2025 |
Keefe, Bruyette & Woods Christopher O'Connell 57% 1-year accuracy 13 / 23 met price target | 34%upside $35 | Market Perform Maintained | 24 Dec 2024 |
RBC Capital Jon Arfstrom 70% 1-year accuracy 33 / 47 met price target | 20%upside $31 | Sector Perform Maintained | 17 Dec 2024 |
Seaport Global Laurie Havener Hunsicker 50% 1-year accuracy 1 / 2 met price target | 51%upside $39 | Buy Upgraded | 17 Dec 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
15 hours ago
5 Low-Leverage Stocks to Buy Amid Volatile Market Sentiment
The crux of safe investment lies in choosing a company that is not burdened with debt. You may buy BLFS, BHLB, NVDA, GBX and EZPW.
Neutral
PRNewsWire
1 month ago
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Feb. 7, 2025 /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 shareholders of record at the close of business on February 20, 2025, payable on March 6, 2025. About Berkshire Hills Bancorp Berkshire Hills Bancorp, Inc. (NYSE: BHLB) is the parent company of Berkshire Bank, a relationship-driven, community-focused bank with $12.3 billion in assets and 83 financial centers in New England and New York.
Positive
Zacks Investment Research
1 month ago
5 Low-Leverage Stocks to Buy Amid Concerns Over Trump's Tariffs
The crux of safe investment lies in choosing a company that is not burdened with debt. You may buy BHLB, SRAD, NXT, GBX and FOX.
Neutral
Seeking Alpha
1 month ago
Berkshire Hills Bancorp, Inc. (BHLB) Q4 2024 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q4 2024 Results Conference Call January 30, 2025 9:00 AM ET Company Participants Kevin Conn - Investor Relations Nitin Mhatre - Chief Executive Officer Sean Gray - Chief Operating Officer Brett Brbovic - Chief Financial Officer Greg Lindenmuth - Chief Risk Officer Conference Call Participants David Bishop - Hovde Group Billy Young - RBC Chris O'Connell - KBW Laurie Hunsicker - Seaport Research Partners Mark Fitzgibbon - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Fourth Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
Neutral
Zacks Investment Research
1 month ago
Berkshire Hills (BHLB) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Berkshire Hills Bancorp (BHLB) Q4 Earnings and Revenues Surpass Estimates
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.47 per share a year ago.
Neutral
PRNewsWire
1 month ago
Berkshire Hills Reports Strong Fourth Quarter Operating Results
$0.46 GAAP EPS; $0.60 Operating EPS Operating EPS growth of 3% quarter-over-quarter and 28% year-over-year; FY2024 Operating EPS of $2.22 up 4% year-over-year Average deposit growth of 3% and Average loan growth of 0.4% quarter-over-quarter; Loans to deposits ratio improved further during the quarter 0.52% delinquent and non-performing loans to total loans, lowest in nearly two decades 7.6% return on tangible common equity; 9.9% operating return on tangible common equity 13.0% common equity Tier 1 ratio BOSTON , Jan. 30, 2025 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the fourth quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended Twelve Months Ended Dec. 31, 2024 Sep. 30, 2024 Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023 Net income (loss) $ 19.7 $ 37.5 $ (1.4) $ 61.0 $ 69.6 Per share 0.46 0.88 (0.03) 1.43 1.60 Operating earnings1 26.0 24.8 20.2 94.9 93.2 Per share 0.60 0.58 0.47 2.22 2.14 Net interest income, non FTE $ 86.9 $ 88.1 $ 88.4 $ 351.6 $ 369.0 Net interest income, FTE 88.8 90.1 90.4 359.6 376.9 Net interest margin, FTE 3.14 % 3.16 % 3.11 % 3.16 % 3.27 % Non-interest income 23.3 37.6 (8.4) 48.4 42.8 Operating non-interest income1 23.2 21.5 16.7 82.1 67.8 Non-interest expense $ 77.6 $ 72.0 $ 79.0 $ 296.5 $ 301.5 Operating non-interest expense1 71.0 72.3 75.3 287.0 295.2 Efficiency ratio1 62.4 % 63.7 % 67.8 % 63.9 % 63.9 % Average balances Loans $ 9,271 $ 9,233 $ 8,990 $ 9,176 $ 8,814 Deposits 9,659 9,360 9,936 9,536 9,704 Period-end balances Loans 9,385 9,212 9,040 9,385 9,040 Deposits 10,375 9,577 10,633 10,375 10,633 1.
Neutral
PRNewsWire
1 month ago
Berkshire Hills Announces Fourth Quarter 2024 Earnings Release and Conference Call Schedule
BOSTON , Jan. 10, 2025 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) fourth quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: Thursday, January 30, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, January 30, 2025, at 9:00 a.m.
Positive
Zacks Investment Research
2 months ago
Will Berkshire Hills (BHLB) Beat Estimates Again in Its Next Earnings Report?
Berkshire Hills (BHLB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
Business Wire
2 months ago
KBRA Comments on Merger Agreement Between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On December 16, 2024, Berkshire Hills Bancorp, Inc. (NYSE: BHLB)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Berkshire Bank, and Brookline Bancorp, Inc. (NASDAQ: BRKL)(KBRA senior unsecured debt rating: BBB / Stable Outlook), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, announced a definitive agreement pursuant to which BRKL will merge with and into BHLB in an all-stock transaction valued at approximately.
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