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: 1,340
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
440% more call options, than puts
Call options by funds: $27K | Put options by funds: $5K
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
15% more capital invested
Capital invested by funds: $841M [Q2] → $966M (+$125M) [Q3]
4% more funds holding
Funds holding: 178 [Q2] → 186 (+8) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 60
1.79% less ownership
Funds ownership: 85.19% [Q2] → 83.4% (-1.79%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$31
8%
upside
Avg. target
$34
19%
upside
High target
$39
36%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
RBC Capital Jon Arfstrom 89% 1-year accuracy 47 / 53 met price target | 8%upside $31 | Sector Perform Maintained | 17 Dec 2024 |
Seaport Global Laurie Havener Hunsicker 50% 1-year accuracy 1 / 2 met price target | 36%upside $39 | Buy Upgraded | 17 Dec 2024 |
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target | 12%upside $32 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 6 articles about BHLB published over the past 30 days
Neutral
Business Wire
4 days 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.
Positive
Zacks Investment Research
4 days ago
BHLB to Buy Brookline Bancorp for $1.14B, Expand Footprint
Berkshire Hills Bancorp is set to buy BRKL, expanding its presence in the Northeast market. The deal is likely to be accretive to 2025 and 2026 earnings.
Neutral
Business Wire
5 days ago
BHLB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Berkshire Hills Bancorp, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Berkshire Hills Bancorp, Inc. (NYSE: BHLB) and Brookline Bancorp, Inc. is fair to Berkshire shareholders. Upon closing of the proposed transaction, Berkshire shareholders will own approximately 51% of the combined company. Halper Sadeh encourages Berkshire shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212).
Positive
Reuters
5 days ago
Berkshire Hills Bancorp and Brookline to merge in $1.1 bln deal
Regional lenders Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the companies said on Monday.
Neutral
PRNewsWire
5 days ago
Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. announce a Merger of Equals to create a Premier Northeast Banking Franchise
Combination increases scale with $24 billion in assets, 148 branch offices and a longstanding history of serving clients and communities Highly compatible cultures, deep community ties and operating philosophies 0.42 Berkshire shares for each Brookline share; Berkshire's dividend expected to be increased to have a neutral impact on Brookline shareholders BOSTON , Dec. 16, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024. In conjunction with the planned merger, Berkshire also announced that it has entered into subscription agreements with investors to raise capital to support the merger.
Positive
Reuters
1 week ago
Boston-based banks Berkshire Hills and Brookline in talks to combine, WSJ reports
Boston-based regional banks Berkshire Hills Bancorp and Brookline Bancorp are in merger talks, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Neutral
PRNewsWire
1 month ago
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Nov. 1, 2024 /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 November 14, 2024, payable on November 27, 2024. About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank.
Neutral
Seeking Alpha
1 month ago
Berkshire Hills Bancorp, Inc. (BHLB) Q3 2024 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations Officer Nitin Mhatre - Chief Executive Officer Brett Brbovic - Chief Financial Officer Greg Lindenmuth - Chief Risk Officer Conference Call Participants Christopher O'Connell - KBW Laurie Hunsicker - Seaport Research Mark Fitzgibbon - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Third 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) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended September 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) Q3 Earnings and Revenues Surpass Estimates
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.50 per share a year ago.
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