Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking products and services.
Flawless balance sheet 6 star dividend payer.
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.
7 Day Return
1 Year Return
Return vs Industry: BHLB underperformed the US Banks industry which returned -26.4% over the past year.
Return vs Market: BHLB underperformed the US Market which returned -10.4% over the past year.
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
4 days ago | Simply Wall StIntroducing Berkshire Hills Bancorp (NYSE:BHLB), The Stock That Slid 61% In The Last Three Years
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Berkshire Hills Bancorp, Inc.'s (NYSE:BHLB) P/E Ratio
3 weeks ago | Simply Wall StDoes The Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Share Price Fall With The Market?
Is Berkshire Hills Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BHLB ($14.18) is trading below our estimate of fair value ($25.7)
Significantly Below Fair Value: BHLB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BHLB is good value based on its PE Ratio (6.9x) compared to the Banks industry average (8.9x).
PE vs Market: BHLB is good value based on its PE Ratio (6.9x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: BHLB is poor value based on its PEG Ratio (2.3x)
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).
How is Berkshire Hills Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BHLB's forecast earnings growth (3.1% per year) is above the savings rate (1.7%).
Earnings vs Market: BHLB's earnings (3.1% per year) are forecast to grow slower than the US market (12.2% per year).
High Growth Earnings: BHLB's earnings are forecast to grow, but not significantly.
Revenue vs Market: BHLB's revenue (2.1% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: BHLB's revenue (2.1% 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 (7.1%).
How has Berkshire Hills Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BHLB has high quality earnings.
Growing Profit Margin: BHLB's current net profit margins (24.4%) are lower than last year (26.8%).
Past Earnings Growth Analysis
Earnings Trend: BHLB's earnings have grown by 18.5% per year over the past 5 years.
Accelerating Growth: BHLB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BHLB had negative earnings growth (-7.1%) over the past year, making it difficult to compare to the Banks industry average (10.9%).
Return on Equity
High ROE: BHLB's Return on Equity (5.8%) is considered low.
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
Inventory Level: BHLB has a low level of unsold assets or inventory.
Debt Coverage by Assets: BHLB's debt is covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: BHLB's level of assets compared to its equity is low.
Allowance for Bad Loans: BHLB has a sufficient allowance for bad loans.
Low Risk Liabilities: BHLB's liabilities are made up of primarily low risk sources of funding.
Loan Level: BHLB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BHLB's loans are broadly funded by customer deposits.
Level of Bad Loans: BHLB has an appropriate level of bad loans (0.42%)
What is Berkshire Hills Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BHLB's dividend (6.77%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: BHLB's dividend (6.77%) is in the top 25% of dividend payers in the US market (5.4%)
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: With its reasonably low payout ratio (45.1%), BHLB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BHLB's dividends in 3 years are forecast to be well covered by earnings (42.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Marotta (60yo)
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 ($USD1.48M) is below average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
|Senior Executive VP||3.67yrs||US$820.10k||0.026% $185.3k|
|Senior Executive Vice President||11.83yrs||US$1.15m||0.14% $987.7k|
|Senior Executive Vice President||6.42yrs||US$681.03k||0.087% $614.1k|
|Senior EVP||no data||no data||0.026% $183.1k|
|Corporate Communications Manager||no data||no data||no data|
|Senior VP & Marketing Officer||13.83yrs||no data||no data|
|Regional President of Pioneer Valley/ CT||no data||no data||no data|
|Executive VP and Regional Commercial Leader of Eastern Massachusetts & Asset Based Lending||10.25yrs||no data||no data|
Experienced Management: BHLB's management team is seasoned and experienced (6.4 years average tenure).
|Independent Director||5.67yrs||US$149.10k||0.044% $307.6k|
|Independent Director||15.17yrs||US$93.10k||0.044% $311.2k|
|Independent Director||15.17yrs||US$93.10k||0.058% $407.8k|
|Independent Director||15.17yrs||US$99.10k||0.072% $507.5k|
|Chairman of the Board||0.25yr||US$99.23k||0.16% $1.1m|
|Chairman of Berkshire Housing Development Corp & Berkshire Housings Svcs Inc||no data||no data||no data|
|Independent Director||6.83yrs||US$93.10k||0.022% $152.7k|
|Independent Director||2.25yrs||US$91.13k||0.017% $118.0k|
Experienced Board: BHLB's board of directors are considered experienced (6.8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7%.
Berkshire Hills Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Berkshire Hills Bancorp, Inc.
- Ticker: BHLB
- Exchange: NYSE
- Founded: 1846
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$705.483m
- Shares outstanding: 49.75m
- 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|
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, 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. In addition, it provides retail and commercial electronic banking, commercial cash management, online banking, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. Further, the company, through its subsidiary, Berkshire Insurance Group, Inc., offers personal and commercial property, and casualty insurance; employee benefits insurance; and life, health, and financial services insurance products. It serves retail, commercial, not- profit, and municipal deposit customers. As of December 31, 2018, the company operated 115 full-service branches in Massachusetts, New York, Connecticut, Vermont, Central New Jersey, and Eastern Pennsylvania. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 01:06|
|End of Day Share Price||2020/03/30 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.