Berkshire Hills Bancorp Inc

Company Profile

Berkshire Hills Bancorp Inc had its IPO on 2000-06-28 under the ticker symbol BHLB.

The company operates in the Financial Services sector and Banks-Regional industry. Berkshire Hills Bancorp Inc has a staff strength of 1,310 employees.

Stock update

Shares of Berkshire Hills Bancorp Inc opened at $19.65 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $19.61 - $20.09, and closed at $19.97.

This is a -1.14% slip from the previous day's closing price.

A total volume of 215,798 shares were traded at the close of the day’s session.

In the last one week, shares of Berkshire Hills Bancorp Inc have slipped by -8.31%.

Berkshire Hills Bancorp Inc's Key Ratios

Berkshire Hills Bancorp Inc has a market cap of $957.72 million, indicating a price to book ratio of 1.381 and a price to sales ratio of 3.2964.

In the last 12-months Berkshire Hills Bancorp Inc’s revenue was $413.93 million with a gross profit of $402.53 million and an EBITDA of $0. The EBITDA ratio measures Berkshire Hills Bancorp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Berkshire Hills Bancorp Inc’s operating margin was 33.65% while its return on assets stood at 0.82% with a return of equity of 9.57%.

In Q1, Berkshire Hills Bancorp Inc’s quarterly earnings growth was a positive 50% while revenue growth was a positive 12.2%.

Berkshire Hills Bancorp Inc’s PE and PEG Ratio

Forward PE

12.0482

Trailing PE

9.6996

PEG

1.74

Its diluted EPS in the last 12-months stands at $2.23 per share while it has a forward price to earnings multiple of 12.0482 and a PEG multiple of 1.74. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Berkshire Hills Bancorp Inc’s profitability.

Berkshire Hills Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.2964.

Berkshire Hills Bancorp Inc stock pays annual dividends of $0.6 per share, indicating a yield of 3.33% and a payout ratio of 29.46%.

Balance sheet and cash flow metrics

Total Assets

$12.32 billion

Total Liabilities

$900.00 million

Operating Cash Flow

$-339993000.00

Capital Expenditure

$753000

Dividend Payout Ratio

29.46%

Berkshire Hills Bancorp Inc ended 2024 with $12.32 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $12.32 billion while shareholder equity stood at $995.48 million.

Berkshire Hills Bancorp Inc ended 2024 with $0 in deferred long-term liabilities, $900.00 million in other current liabilities, 995480000.00 in common stock, $-51398000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $121.59 million and cash and short-term investments were $2.41 billion. The company’s total short-term debt was $900,000,000 while long-term debt stood at $1.03 billion.

Berkshire Hills Bancorp Inc’s total current assets stands at $2.41 billion while long-term investments were $2.89 billion and short-term investments were $2.29 billion. Its net receivables were $1.91 million compared to accounts payable of $0 and inventory worth $0.

In 2024, Berkshire Hills Bancorp Inc's operating cash flow was $-339993000.00 while its capital expenditure stood at $753000.

Comparatively, Berkshire Hills Bancorp Inc paid $0.29 in dividends in 2024.

Other key metrics

Current Trading Price

$19.97

52-Week High

$31.1484

52-Week Low

$17.9014

Analyst Target Price

$26.2

Berkshire Hills Bancorp Inc stock is currently trading at $19.97 per share. It touched a 52-week high of $31.1484 and a 52-week low of $31.1484. Analysts tracking the stock have a 12-month average target price of $26.2.

Its 50-day moving average was $21.72 and 200-day moving average was $24.52 The short ratio stood at 5.08 indicating a short percent outstanding of 0%.

Around 187.8% of the company’s stock are held by insiders while 8425.7% are held by institutions.