US stock · Financial Services sector · Banks—Regional
B
Berkshire Hills Bancorp, Inc.
BHLB
NYSE24.33
USD
-0.09
(-0.37%)
Market Closed
12.41P/E
10Forward P/E
0.59P/E to S&P500
1.082BMarket CAP
2.21%Div Yield
Upcoming Earnings
18 Apr-24 Apr
Shares Short
2/28/23
1.8M
Short % of Float
5.99%
Short % of Shares Outs.
4.04%
% Held by Insiders
4.69%
% Held by Institutions
84.22%
Beta
1.01
PEG Ratio
1.02
52w. high/low
31.63/23.04
Avg. Daily Volume
0.32M
Return %
Stock
S&P 500
1 year
(18.19)
(11.26)
3 years
75.67
66.43
5 years
(37.97)
45.04
Scale: |
High
Low
32.00
19.50
31.39
18.05
22.84
16.20
24.14
17.11
24.49
20.15
30.70
23.38
27.28
22.06
30.69
24.27
37.35
24.71
40.00
32.85
44.25
25.77
33.72
26.02
33.04
8.55
29.16
16.35
31.78
23.62
31.52
23.04
Currency: USD
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Revenue per share
9.73
10.03
7.47
7.80
7.96
8.89
9.15
9.16
9.44
9.59
10.71
10.19
9.09
7.60
7.59
9.08
Earnings per share
1.47
2.08
(1.22)
0.99
0.98
1.49
1.66
1.36
1.74
1.89
1.41
2.30
1.98
(10.60)
2.36
2.03
FCF per share
1.94
3.43
1.03
2.68
1.80
0.44
4.61
1.92
2.78
2.87
1.67
4.62
2.05
4.38
2.07
2.70
Dividends per share
0.59
0.64
0.70
0.65
0.67
0.70
0.73
0.73
0.77
0.80
0.85
0.89
0.92
0.73
0.49
0.54
CAPEX per share
0.60
0.23
- -
0.36
0.45
0.85
0.53
0.34
0.26
0.29
0.32
0.21
0.21
0.14
0.03
- -
Book Value per sh.
35.44
38.17
29.16
27.99
30.94
30.06
27.34
28.68
31.25
35.28
38.14
33.74
35.70
23.63
23.52
20.94
Comm.Shares outs.
9
11
13
14
18
22
25
25
28
31
39
46
49
50
50
46
Avg. annual P/E ratio
21.0
12.2
(18.4)
19.3
21.4
15.1
15.7
18.0
16.0
14.9
25.8
16.7
15.3
(1.5)
10.5
13.9
P/E to S&P500
1.2
0.6
(0.3)
0.9
1.3
1.0
0.9
1.0
0.8
0.7
1.1
0.7
0.6
(0.0)
0.3
0.7
Avg. annual div. yield
1.9%
2.5%
3.1%
3.4%
3.2%
3.1%
2.8%
3.0%
2.8%
2.9%
2.3%
2.3%
3.0%
4.6%
2.0%
1.9%
Revenue (m)
90
107
99
108
142
197
227
226
268
297
420
469
448
382
381
414
Operating margin
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
22.4%
Depreciation (m)
8
8
7
7
9
11
12
13
12
11
13
16
17
18
16
8
Net profit (m)
14
22
(16)
14
18
33
41
34
50
59
55
106
97
(533)
119
93
Income tax rate
27.9%
28.4%
42.0%
23.0%
10.9%
28.1%
29.4%
25.8%
9.3%
24.3%
44.6%
20.7%
18.1%
3.7%
20.4%
18.7%
Net profit margin
15.1%
20.7%
(16.3)%
12.7%
12.4%
16.8%
18.1%
14.9%
18.5%
19.8%
13.1%
22.6%
21.8%
(139.6)%
31.1%
22.4%
Working capital (m)
2,027
2,086
1,998
2,239
3,201
4,204
3,603
4,066
5,002
5,954
8,220
8,475
10,061
8,915
- -
685
Long-term debt (m)
350
351
223
213
227
285
204
164
205
244
481
410
794
606
111
126
Equity (m)
327
408
385
388
553
667
678
709
887
1,093
1,496
1,553
1,759
1,188
1,182
954
ROIC
2.5%
2.4%
0.4%
1.4%
1.1%
1.1%
1.4%
1.0%
1.2%
1.2%
0.8%
1.8%
1.7%
(3.5)%
1.3%
1.1%
Return on capital
3.5%
3.3%
0.7%
1.8%
1.3%
1.5%
1.6%
1.1%
1.1%
1.4%
1.4%
2.0%
2.0%
(3.6)%
1.6%
1.3%
Return on equity
4.1%
5.4%
(4.2)%
3.5%
3.2%
5.0%
6.1%
4.8%
5.6%
5.4%
3.7%
6.8%
5.5%
(44.9)%
10.0%
9.7%
Plowback ratio
60.1%
69.3%
157.2%
34.6%
32.3%
52.9%
56.0%
46.4%
55.8%
57.5%
39.8%
61.3%
53.7%
106.9%
79.3%
73.5%
Div.&Repurch./FCF
30.2%
18.6%
- -
21.5%
36.2%
128.9%
26.6%
43.4%
28.4%
28.0%
(182.6)%
19.2%
96.9%
- -
89.8%
120.9%
Capital Structure
1 Mar · 2023 | Q4
All numbers in millions
Total liabilities
$ 10,709
Total assets
$ 11,663
Long-term debt
$ 126
Cash and equiv.
$ 145
Goodwill
$ - -
Retained earnings
$ (71)
Common stock
44
Enterprise Value
$ 1,062
Working Capital
Currency: USD, in millions
2020
2021
2022
Cash & Investments
3,253
3,505
2,109
Receivables
88
- -
- -
Inventory
- -
- -
- -
Other
5,618
(3,487)
(1,369)
Current assets
8,959
- -
685
Acc. Payable
4
- -
- -
Debt due
40
- -
- -
Other
- -
- -
- -
Current liabilities
44
- -
- -
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
8.40%
(2.72)%
7.90%
Cash flow
18.64%
7.90%
27.81%
Earnings
(22.02)%
(199.78)%
(74.03)%
Dividends
(0.11)%
(10.39)%
5.50%
Book value
(19.31)%
(9.74)%
6.06%
Insider Trading
Type
Shares
Date
Mhatre Nitin J.
Purchase
3,600
03/15/23
Mhatre Nitin J.
Purchase
300
03/15/23
Hughes William H Iii
Purchase
190
03/14/23
Zaitzeff Michael
Award
2,141
01/30/23
Conn Kevin
Award
1,153
01/30/23
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
92
95
97
98
382
2021
101
97
93
90
381
2022
90
98
108
118
414
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
(0.40)
(10.93)
0.42
0.30
(10.60)
2021
0.26
0.43
1.27
0.40
2.36
2022
0.44
0.51
0.41
0.67
2.03
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.24
- -
0.36
0.12
0.73
2021
0.12
- -
0.24
0.12
0.49
2022
0.14
0.10
0.23
0.07
0.54
Company Description
Sector:
Financial Services
Industry:
Banks—Regional
CEO:
Mr. Nitin J. Mhatre
Full-time employees:
1,300
City:
Boston
Address:
60 State Street
Berkshire Hills Bancorp, Inc. operates as the 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 offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
Recent News
· 13 Oct, 2022 · The Wall Street Journal