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Berkshire Hills Bancorp

Market Cap

US$1.2b

Last Updated

2021/04/16 22:36 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BHLB's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.7%

BHLB

0.03%

US Banks

1.3%

US Market


1 Year Return

45.8%

BHLB

70.3%

US Banks

53.9%

US Market

Return vs Industry: BHLB underperformed the US Banks industry which returned 83% over the past year.

Return vs Market: BHLB underperformed the US Market which returned 57.5% over the past year.


Shareholder returns

BHLBIndustryMarket
7 Day-0.7%0.03%1.3%
30 Day-5.1%0.7%3.3%
90 Day17.1%16.6%8.9%
1 Year52.7%45.8%76.0%70.3%56.6%53.9%
3 Year-36.0%-42.2%26.0%15.1%64.4%53.6%
5 Year-7.2%-20.4%97.2%72.0%120.4%95.7%

Long-Term 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?

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BHLB ($22.34) is trading above our estimate of fair value ($13.54)

Significantly Below Fair Value: BHLB is trading above our estimate of fair value.


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 (0.9x) compared to the US Banks industry average (1.1x).


Future Growth

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

127.6%

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%).

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: Insufficient data to determine if BHLB's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BHLB's revenue is forecast to grow faster 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 (5.8%).


Past Performance

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

-55.3%

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 55.3% 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 (1.5%).


Return on Equity

High ROE: BHLB has a negative Return on Equity (-43.2%), as it is currently unprofitable.


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 (10.8x) is moderate.

Allowance for Bad Loans: BHLB has a sufficient allowance for bad loans (196%).

Low Risk Liabilities: 88% 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 (62%).

Low Risk Deposits: BHLB's Loans to Deposits ratio (78%) is appropriate.

Level of Bad Loans: BHLB has an appropriate level of bad loans (0.8%).


Dividend

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

2.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BHLB's dividend (2.15%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: BHLB's dividend (2.15%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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

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 forecast to be well covered by earnings (36.1% payout ratio).


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

Nitin Mhatre (49 yo)

0.25

Tenure

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...


Leadership Team

Experienced Management: BHLB's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: BHLB's board of directors are not considered experienced ( 1.9 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.


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$1.166b
  • Shares outstanding: 50.99m
  • Website: https://www.berkshirebank.com

Number of Employees


Location

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

Listings


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 Analysis2021/04/16 22:36
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.