NYSE:BHLB

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Berkshire Hills Bancorp

Executive Summary

Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking products and services.


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Berkshire Hills Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BHLB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.5%

BHLB

-2.4%

US Banks

2.2%

US Market


1 Year Return

-68.2%

BHLB

-22.7%

US Banks

16.2%

US Market

Return vs Industry: BHLB underperformed the US Banks industry which returned -23.2% over the past year.

Return vs Market: BHLB underperformed the US Market which returned 15.9% over the past year.


Shareholder returns

BHLBIndustryMarket
7 Day-13.5%-2.4%2.2%
30 Day-8.9%0.8%4.9%
90 Day-17.7%6.1%17.8%
1 Year-67.0%-68.2%-19.9%-22.7%18.7%16.2%
3 Year-70.6%-73.2%-15.5%-22.2%41.1%32.0%
5 Year-62.1%-67.2%10.1%-3.3%74.5%55.7%

Price Volatility Vs. Market

How volatile is Berkshire Hills Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Berkshire Hills Bancorp undervalued compared to its fair value and its price relative to the market?

0.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BHLB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BHLB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BHLB is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.

PE vs Market: BHLB is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BHLB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BHLB is good value based on its PB Ratio (0.4x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Berkshire Hills Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

132.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHLB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: BHLB is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BHLB's is expected to become profitable in the next 3 years.

Revenue vs Market: BHLB's revenue (7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BHLB's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BHLB's Return on Equity is forecast to be low in 3 years time (4.1%).


Next Steps

Past Performance

How has Berkshire Hills Bancorp performed over the past 5 years?

-22.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BHLB is currently unprofitable.

Growing Profit Margin: BHLB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BHLB is unprofitable, and losses have increased over the past 5 years at a rate of 22.7% per year.

Accelerating Growth: Unable to compare BHLB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BHLB is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-2.8%).


Return on Equity

High ROE: BHLB has a negative Return on Equity (-43.11%), as it is currently unprofitable.


Next Steps

Financial Health

How is Berkshire Hills Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BHLB's Assets to Equity ratio (11.2x) is moderate.

Allowance for Bad Loans: BHLB has a sufficient allowance for bad loans (311%).

Low Risk Liabilities: 91% 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 (71%).

Low Risk Deposits: BHLB's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: BHLB has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

What is Berkshire Hills Bancorp current dividend yield, its reliability and sustainability?

10.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BHLB's dividend (10.23%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: BHLB's dividend (10.23%) is in the top 25% of dividend payers in the US market (4.54%)


Stability and Growth of Payments

Stable Dividend: BHLB's dividends per share have been stable in the past 10 years.

Growing Dividend: BHLB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BHLB is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BHLB's dividends in 3 years are not forecast to be well covered by earnings (108.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Richard Marotta (61 yo)

1.75yrs

Tenure

US$2,132,155

Compensation

Mr. Richard M. Marotta has been President, Chief Executive Officer and Director of Berkshire Hills Bancorp, Inc. since November 26, 2018. Mr. Marotta has been the Chief Executive Officer and Director of th ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD2.13M) is about average for companies of similar size in the US market ($USD2.08M).

Compensation vs Earnings: Richard's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Richard Marotta
President1.75yrsUS$2.13m0.14%
$ 689.5k
James Moses
Senior Executive VP4.08yrsUS$793.77k0.026%
$ 125.2k
Sean Gray
Senior Executive Vice President12.33yrsUS$1.35m0.14%
$ 667.3k
George Bacigalupo
Senior Executive Vice President6.83yrsUS$766.47k0.087%
$ 414.9k
Gregory Lindenmuth
Senior EVP & Chief Risk Officer of Berkshire Bank3.75yrsUS$499.72k0.020%
$ 94.1k
Wm. Prescott
Senior EVPno datano data0.026%
$ 125.7k
Cassandra Giovanni
Corporate Communications Managerno datano datano data
Elizabeth Mach
Senior VP & Marketing Officer14.25yrsno datano data
James Hickson
Regional President of Pioneer Valley/ CTno datano datano data
Mark Foster
Executive VP and Regional Commercial Leader of Eastern Massachusetts & Asset Based Lending10.67yrsno datano data
John Faber
Senior Vice President and Commercial Relationship Manager8.67yrsno datano data
Brant McDougall
Senior VP & Commercial Regional Leader of Eastern Massachusettsno datano datano data

7.8yrs

Average Tenure

55yo

Average Age

Experienced Management: BHLB's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Marotta
President1.75yrsUS$2.13m0.14%
$ 689.5k
Cornelius Mahoney
Independent Director15.58yrsUS$105.92k0.046%
$ 219.8k
D. Templeton
Independent Director15.58yrsUS$102.92k0.058%
$ 275.5k
John Davies
Independent Director15.58yrsUS$108.92k0.078%
$ 369.7k
James Dunlaevy
Independent Chairman of the Board0.67yrUS$112.96k0.16%
$ 771.5k
Rheo Brouillard
Non-Independent Director1.25yrsUS$35.20k0.065%
$ 310.2k
Robert Curley
Non-Independent Director10.58yrsUS$227.41k0.045%
$ 213.3k
Thomas Unsworth
Chairman of Berkshire Housing Development Corp & Berkshire Housings Svcs Incno datano datano data
Laurie Moffatt
Independent Director7.25yrsUS$109.92k0.022%
$ 103.2k
David Brunelle
Independent Director2.67yrsUS$106.41k0.017%
$ 79.7k
Baye Adofo-Wilson
Independent Director1.25yrsUS$28.00k0.0035%
$ 16.5k
William Hughes
Independent Director1.25yrsUS$28.00k0.0035%
$ 16.5k

2.7yrs

Average Tenure

66yo

Average Age

Experienced Board: BHLB's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BHLB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Berkshire Hills Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Berkshire Hills Bancorp, Inc.
  • Ticker: BHLB
  • Exchange: NYSE
  • Founded: 1846
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$476.107m
  • Shares outstanding: 49.70m
  • Website: https://www.berkshirebank.com

Number of Employees


Location

  • Berkshire Hills Bancorp, Inc.
  • 60 State Street
  • Boston
  • Massachusetts
  • 2109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BHLBNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2000
4I9DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2000

Biography

Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, r ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 00:19
End of Day Share Price2020/08/04 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.