Berkshire Hills Bancorp
BHLB

$28.04

0.18%

Market Cap: 1.21B

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

Financials Savings Institutions, Not Federally Chartered

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

257% more call options, than puts

Call options by funds: $25K | Put options by funds: $7K

13% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 15

1% more funds holding

Funds holding: 170 [Q4 2023] → 172 (+2) [Q1 2024]

1.14% less ownership

Funds ownership: 82.92% [Q4 2023] → 81.78% (-1.14%) [Q1 2024]

9% less capital invested

Capital invested by funds: $899M [Q4 2023] → $818M (-$81M) [Q1 2024]

10% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 60

100% less funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 0 (-1) [Q1 2024]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$25

11%

downside

Avg. target

$27

5%

downside

High target

$28

0%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Janney Montgomery Scott Jake Civiello	0%downside $28	Neutral Downgraded	22 Jul 2024
Keefe, Bruyette & Woods Christopher O'Connell	11%downside $25	Market Perform Maintained	30 Jan 2024

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Financial journalist opinion

Based on 6 articles about BHLB published over the past 30 days

Zacks Investment Research

Berkshire Hills (BHLB) Upgraded to Buy: What Does It Mean for the Stock?

Berkshire Hills (BHLB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Berkshire Hills (BHLB) Upgraded to Buy: What Does It Mean for the Stock?

Berkshire Hills Bancorp, Inc. (BHLB) Q2 2024 Earnings Call Transcript

Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET Company Participants Kevin Conn - IR & Corporate Development Officer Nitin Mhatre - CEO Brett Brbovic - CFO Sean Gray - EVP & CFO Gregory Lindenmuth - SEVP & Chief Risk Officer Conference Call Participants Laurie Hunsicker - Seaport Research Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Operator Good morning, ladies and gentlemen, and welcome to the Berkshire Hills Bancorp Second Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.

Berkshire Hills Bancorp, Inc. (BHLB) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Berkshire Hills (BHLB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for Berkshire Hills (BHLB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Berkshire Hills (BHLB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Investment Research

Berkshire Hills Bancorp (BHLB) Beats Q2 Earnings and Revenue Estimates

Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.55 per share a year ago.

Berkshire Hills Bancorp (BHLB) Beats Q2 Earnings and Revenue Estimates

Berkshire Hills Reports a Solid Second Quarter Net Income of $24.0 million, or $0.57 Per Share

Operating EPS of $0.55 increased 12% linked quarter Operating revenue increased 3% linked quarter Operating expense decreased 2% linked quarter Net interest margin 3.20%, increased 5 basis points linked quarter Net loan charge-offs were 7 basis points annualized BOSTON , July 18, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today reported results for the second quarter of 2024. These results along with comparison periods are summarized below: ($ in millions, except per share data) Three Months Ended June 30, 2024 Mar. 31, 2024 June 30, 2023 Net income (loss) $ 24.0 $ (20.2) $ 23.9 Per share 0.57 (0.47) 0.55 Operating earnings1 23.2 20.9 23.9 Per share 0.55 0.49 0.55 Net interest income, non FTE $ 88.5 $ 88.1 $ 92.8 Net interest income, FTE 90.5 90.1 94.7 Net interest margin, FTE 3.20 % 3.15 % 3.24 % Non-interest income 20.1 (32.6) 17.1 Operating non-interest income1 20.1 17.3 17.1 Non-interest expense $ 70.9 $ 76.0 $ 74.0 Operating non-interest expense1 71.3 72.4 74.0 Efficiency ratio1 63.4 % 66.3 % 63.6 % Average balances 2 Loans $ 9,214 $ 9,059 $ 8,791 Deposits 9,779 9,978 9,568 Period-end balances 2 Loans 9,284 9,144 8,882 Deposits 10,095 10,368 10,068 1.

Berkshire Hills Reports a Solid Second Quarter Net Income of $24.0 million, or $0.57 Per Share

Berkshire Hills Announces Second Quarter 2024 Earnings Release and Conference Call Schedule

BOSTON , June 27, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) second quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: July 18, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, July 18, 2024, at 9:00 a.m.

Berkshire Hills Announces Second Quarter 2024 Earnings Release and Conference Call Schedule

Berkshire Hills Announces Quarterly Shareholder Dividend

BOSTON , June 7, 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 June 20, 2024, payable on June 28, 2024. About Berkshire Hills Bancorp Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank.

Berkshire Hills Announces Quarterly Shareholder Dividend

Berkshire Hills Bancorp Announces Results of Annual Meeting

Shareholders Recognize Berkshire's Achievements; Approve All Proposals BOSTON , May 17, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, announced today that all three proposals were approved at its Annual Meeting of Shareholders on May 16, 2024, with a quorum of approximately 91% of outstanding shares voted in person or by proxy at the meeting. All measures were unanimously recommended by the Board.

Berkshire Hills Bancorp Announces Results of Annual Meeting

Berkshire Hills Announces Executive Transition

BOSTON , May 14, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (the "Company", NYSE: BHLB) and Berkshire Bank (the "Bank") announced today that R. David Rosato, Chief Financial Officer, has decided to step down to pursue other interests.

Berkshire Hills Announces Executive Transition

Berkshire Hills Bancorp, Inc. (BHLB) Q1 2024 Earnings Call Transcript

Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations & Corporate Development Officer Nitin Mhatre - Chief Executive Officer David Rosato - Chief Financial Officer Conference Call Participants David Bishop - Hovde Group Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Chris O'Connell - KBW Operator Good morning ladies and gentlemen and welcome to the Berkshire Hills Bancorp First Quarter 2024 Earnings Conference Call. At this time, note that all participant lines are in a listen-only mode.

Berkshire Hills Bancorp, Inc. (BHLB) Q1 2024 Earnings Call Transcript

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