BHLB Stock Overview
Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services.
Berkshire Hills Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$28.17|
|52 Week High||US$31.78|
|52 Week Low||US$23.62|
|1 Month Change||-0.28%|
|3 Month Change||13.73%|
|1 Year Change||3.11%|
|3 Year Change||-1.92%|
|5 Year Change||-25.67%|
|Change since IPO||128.79%|
Recent News & Updates
Berkshire Hills Bancorp Non-GAAP EPS of $0.51 beats by $0.04, revenue of $97.71M beats by $0.93M
Berkshire Hills Bancorp press release (NYSE:BHLB): Q2 Non-GAAP EPS of $0.51 beats by $0.04. Revenue of $97.71M (+0.3% Y/Y) beats by $0.93M.
|BHLB||US Banks||US Market|
Return vs Industry: BHLB exceeded the US Banks industry which returned -24.8% over the past year.
Return vs Market: BHLB exceeded the US Market which returned -22.1% over the past year.
|BHLB Average Weekly Movement||3.5%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: BHLB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BHLB's weekly volatility (3%) has been stable over the past year.
About the Company
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, NOW, 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, and financial planning; and investment products, financial planning, and brokerage services.
Berkshire Hills Bancorp Fundamentals Summary
|BHLB fundamental statistics|
Is BHLB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BHLB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.84|
|Net Profit Margin||29.32%|
How did BHLB perform over the long term?See historical performance and comparison
1.7%Current Dividend Yield
Is BHLB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BHLB?
Other financial metrics that can be useful for relative valuation.
|What is BHLB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BHLB's PE Ratio compare to its peers?
|BHLB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NBHC National Bank Holdings
BUSE First Busey
FCF First Commonwealth Financial
CHCO City Holding
BHLB Berkshire Hills Bancorp
Price-To-Earnings vs Peers: BHLB is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (12.6x).
Price to Earnings Ratio vs Industry
How does BHLB's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: BHLB is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the US Banks industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is BHLB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.9x|
|Fair PE Ratio||10.7x|
Price-To-Earnings vs Fair Ratio: BHLB is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).
Share Price vs Fair Value
What is the Fair Price of BHLB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BHLB ($28.17) is trading below our estimate of fair value ($39.12)
Significantly Below Fair Value: BHLB is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Berkshire Hills Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BHLB's earnings are forecast to decline over the next 3 years (-3% per year).
Earnings vs Market: BHLB's earnings are forecast to decline over the next 3 years (-3% per year).
High Growth Earnings: BHLB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BHLB's revenue (5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BHLB's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BHLB's Return on Equity is forecast to be high in 3 years time
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How has Berkshire Hills Bancorp performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BHLB has high quality earnings.
Growing Profit Margin: BHLB's current net profit margins (29.3%) are higher than last year (20.3%).
Past Earnings Growth Analysis
Earnings Trend: BHLB has become profitable over the past 5 years, growing earnings by -19.5% per year.
Accelerating Growth: BHLB's earnings growth over the past year (66.3%) exceeds its 5-year average (-19.5% per year).
Earnings vs Industry: BHLB earnings growth over the past year (66.3%) exceeded the Banks industry 8.7%.
Return on Equity
High ROE: BHLB's Return on Equity (12.6%) is considered low.
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How is Berkshire Hills Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: BHLB's Assets to Equity ratio (11.4x) is moderate.
Allowance for Bad Loans: BHLB has a sufficient allowance for bad loans (368%).
Low Risk Liabilities: 96% of BHLB's liabilities are made up of primarily low risk sources of funding.
Loan Level: BHLB has an appropriate level of Loans to Assets ratio (67%).
Low Risk Deposits: BHLB's Loans to Deposits ratio (76%) is appropriate.
Level of Bad Loans: BHLB has an appropriate level of bad loans (0.3%).
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What is Berkshire Hills Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|Berkshire Hills Bancorp Dividend Yield vs Market|
|Company (Berkshire Hills Bancorp)||1.7%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (Berkshire Hills Bancorp)||1.7%|
Notable Dividend: BHLB's dividend (1.7%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: BHLB's dividend (1.7%) is low compared to the top 25% of dividend payers in the US market (4.69%).
Stability and Growth of Payments
Stable Dividend: BHLB's dividend payments have been volatile in the past 10 years.
Growing Dividend: BHLB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.9%), BHLB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nitin Mhatre (51 yo)
Mr. Nitin J. Mhatre serves as President, Chief Executive Officer and Director at Berkshire Hills Bancorp, Inc. since January 29, 2021. He serves as Chief Executive Officer and Director at Berkshire Bank si...
CEO Compensation Analysis
|Nitin Mhatre's Compensation vs Berkshire Hills Bancorp Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$2m||US$644k|
Compensation vs Market: Nitin's total compensation ($USD2.35M) is below average for companies of similar size in the US market ($USD5.58M).
Compensation vs Earnings: Insufficient data to compare Nitin's compensation with company performance.
Experienced Management: BHLB's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: BHLB's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|31 May 22||BuyUS$416||Wm. Prescott||Individual||16||US$26.00|
|16 May 22||SellUS$31,474,691||HoldCo Advisors, LP||Company||1,274,279||US$24.70|
|10 May 22||BuyUS$37,695||Nitin Mhatre||Individual||1,500||US$25.13|
|06 May 22||BuyUS$1,006||William Hughes||Individual||40||US$25.16|
|31 Jan 22||BuyUS$292,471||Jeffrey Kip||Individual||10,000||US$29.25|
|25 Jan 22||BuyUS$79,595||Nitin Mhatre||Individual||2,700||US$29.48|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Berkshire Hills Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: Berkshire Hills Bancorp, Inc.
- Ticker: BHLB
- Exchange: NYSE
- Founded: 1846
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.262b
- Shares outstanding: 44.81m
- Website: https://www.berkshirebank.com
Number of Employees
- Berkshire Hills Bancorp, Inc.
- 60 State Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BHLB||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jun 2000|
|4I9||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2000|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.