NYSE:BHLB

Stock Analysis Report

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

Fundamentals

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


Market Performance


7 Day Return

-1.3%

NYSE:BHLB

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-29.1%

NYSE:BHLB

-14.2%

US Banks

-0.4%

US Market

BHLB underperformed the Banks industry which returned -16.1% over the past year.

BHLB underperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

BHLBIndustryMarket
7 Day-1.3%-2.6%-1.0%
30 Day-3.4%-5.5%-3.3%
90 Day-4.5%-3.5%0.4%
1 Year-27.0%-29.1%-11.8%-14.2%1.8%-0.4%
3 Year15.7%7.2%42.2%32.4%39.4%30.4%
5 Year37.6%20.4%53.3%36.7%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

10%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Berkshire Hills Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Berkshire Hills Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Berkshire Hills Bancorp is overvalued based on earnings compared to the US Banks industry average.

Berkshire Hills Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Berkshire Hills Bancorp is good value based on expected growth next year.


Price Based on Value of Assets

Berkshire Hills Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Berkshire Hills Bancorp expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Berkshire Hills Bancorp's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).

Berkshire Hills Bancorp's earnings are expected to grow significantly at over 20% yearly.

Berkshire Hills Bancorp's revenue growth is positive but not above the United States of America market average.

Berkshire Hills Bancorp's earnings growth is expected to exceed the United States of America market average.

Berkshire Hills Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Berkshire Hills Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

21.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Berkshire Hills Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

Berkshire Hills Bancorp's 1-year earnings growth is less than its 5-year average (19.7% vs 21.3%)

Berkshire Hills Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (19.7% vs 33.2%).


Return on Equity

Berkshire Hills Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Berkshire Hills Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Berkshire Hills Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Berkshire Hills Bancorp has an acceptable proportion of non-loan assets held.

Berkshire Hills Bancorp has a sufficient allowance for bad loans.

Berkshire Hills Bancorp's liabilities are made up of primarily low risk sources of funding.

Berkshire Hills Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Berkshire Hills Bancorp are broadly funded by customer deposits.

Berkshire Hills Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.13%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Berkshire Hills Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Berkshire Hills Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Berkshire Hills Bancorp's salary, the management and board of directors tenure and is there insider trading?

7.7yrs

Average management tenure


CEO

Richard Marotta (60yo)

0.8yrs

Tenure

US$1,484,477

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

Richard's remuneration is lower than average for companies of similar size in United States of America.

Richard's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.7yrs

Average Tenure

60yo

Average Age

The average tenure for the Berkshire Hills Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.0yrs

Average Tenure

71yo

Average Age

The tenure for the Berkshire Hills Bancorp board of directors is about average.


Insider Trading

Berkshire Hills Bancorp individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellUS$310,09102 Aug 19
Rheo Brouillard
EntityIndividual
Shares9,454
Max PriceUS$32.80
BuyUS$21,60710 Jun 19
John Davies
EntityIndividual
Role
Member of the Board of Directors
Shares700
Max PriceUS$30.87
BuyUS$7,92005 Jun 19
John Davies
EntityIndividual
Role
Member of the Board of Directors
Shares260
Max PriceUS$30.46
SellUS$1,935,26919 Mar 19
Patrick Sheehan
EntityIndividual
Shares63,172
Max PriceUS$30.85
SellUS$858,36718 Mar 19
Patrick Sheehan
EntityIndividual
Shares28,100
Max PriceUS$30.60
SellUS$303,10915 Mar 19
Patrick Sheehan
EntityIndividual
Shares9,938
Max PriceUS$30.50
BuyUS$69601 Mar 19
Wm. Prescott
EntityIndividual
Role
Senior EVP
Shares22
Max PriceUS$31.63
BuyUS$11,29726 Feb 19
John Davies
EntityIndividual
Role
Member of the Board of Directors
Shares365
Max PriceUS$30.96
BuyUS$30,63215 Feb 19
Wm. Prescott
EntityIndividual
Role
Senior EVP
Shares1,050
Max PriceUS$29.17
BuyUS$50,17320 Dec 18
Richard Marotta
EntityIndividual
Role
President
Member of the Board of Directors
Shares1,860
Max PriceUS$26.97
BuyUS$20,99218 Dec 18
Laurie Moffatt
EntityIndividual
Role
Member of the Board of Directors
Shares750
Max PriceUS$27.99
BuyUS$35,10717 Dec 18
Wm. Prescott
EntityIndividual
Role
Senior EVP
Shares1,235
Max PriceUS$28.44
BuyUS$39,46817 Dec 18
John Davies
EntityIndividual
Role
Member of the Board of Directors
Shares1,380
Max PriceUS$28.60
BuyUS$2,87314 Dec 18
Cornelius Mahoney
EntityIndividual
Role
Member of the Board of Directors
Shares100
Max PriceUS$28.73
BuyUS$113,43314 Dec 18
David Brunelle
EntityIndividual
Role
Member of the Board of Directors
Shares4,000
Max PriceUS$28.36

Ownership Breakdown


Management Team

  • Elizabeth Mach

    Senior VP & Marketing Officer

    • Tenure: 13.3yrs
  • Jamie Moses (42yo)

    Senior Executive VP

    • Tenure: 3.1yrs
    • Compensation: $820.10k
  • Wm. Prescott (57yo)

    Senior EVP

  • Bob Curley (71yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: $277.05k
  • George Bacigalupo (64yo)

    Senior Executive Vice President

    • Tenure: 5.8yrs
    • Compensation: $681.03k
  • Linda Johnston (66yo)

    Consultant

    • Tenure: 0.4yrs
    • Compensation: $757.00k
  • Richard Marotta (60yo)

    President

    • Tenure: 0.8yrs
    • Compensation: $1.48m
  • Cassandra Giovanni

    Corporate Communications Manager

  • Mark Foster

    Executive VP and Regional Commercial Leader of Eastern Massachusetts & Asset Based Lending

    • Tenure: 9.7yrs
  • Sean Gray (43yo)

    Senior Executive Vice President

    • Tenure: 11.3yrs
    • Compensation: $1.15m

Board Members

  • Cornelius Mahoney (73yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: $93.10k
  • David Brunelle (48yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: $91.13k
  • D. Templeton (78yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: $93.10k
  • Bill Ryan (75yo)

    Non-Executive Chairman

    • Tenure: 5.2yrs
    • Compensation: $149.10k
  • John Davies (70yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: $99.10k
  • Laurie Moffatt (62yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: $93.10k
  • Bill Dunlaevy (73yo)

    Director

    • Tenure: 8.0yrs
    • Compensation: $99.23k
  • Bob Curley (71yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: $277.05k
  • Richard Marotta (60yo)

    President

    • Tenure: 0.8yrs
    • Compensation: $1.48m
  • Thomas Unsworth

    Chairman of Berkshire Housing Development Corp & Berkshire Housings Svcs Inc

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$1.493b
  • Shares outstanding: 50.58m
  • Website: Click here

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

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 Analysis2019/08/16 23:35
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.