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Last $28.97 USD
Change Today +0.06 / 0.21%
Volume 19.3K
BHLB On Other Exchanges
Symbol
Exchange
New York
As of 12:31 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

berkshire hills bancorp inc (BHLB) Snapshot

Open
$28.86
Previous Close
$28.91
Day High
$29.05
Day Low
$28.72
52 Week High
07/23/15 - $29.81
52 Week Low
10/15/14 - $22.84
Market Cap
854.9M
Average Volume 10 Days
105.7K
EPS TTM
$2.04
Shares Outstanding
29.5M
EX-Date
08/4/15
P/E TM
14.2x
Dividend
$0.76
Dividend Yield
2.56%
Current Stock Chart for BERKSHIRE HILLS BANCORP INC (BHLB)

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berkshire hills bancorp inc (BHLB) Details

Berkshire Hills Bancorp, Inc. provides retail and commercial banking, wealth management and investment, and insurance services. The company operates through two segments, Banking and Insurance. It offers various deposit accounts, including interest-bearing and noninterest-bearing checking demand, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as residential mortgages, commercial real estate, commercial and industrial, and consumer loans. The company also provides wealth management services comprising investment management, trust administration, and estate planning; and investment products, financial planning, and brokerage services. In addition, it offers personal and commercial property, and casualty insurance; employee benefits insurance; and life, health, and financial services insurance products. Further, the company provides retail and commercial electronic banking, commercial cash management, and commercial interest rate swaps; and debit cards and other electronic fee producing payment services to transaction account customers. It serves retail, commercial, not-for-profit, and municipal customers. The company operates 91 full-service banking offices in Massachusetts, New York, Connecticut, and Vermont; and commercial and retail lending offices located in eastern Massachusetts. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Pittsfield, Massachusetts.

1,153 Employees
Last Reported Date: 07/22/15
Founded in 1846

berkshire hills bancorp inc (BHLB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $627.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $313.5K
Chief Risk & Administrative Officer, Executiv...
Total Annual Compensation: $398.1K
Executive Vice President of Retail Banking an...
Total Annual Compensation: $374.0K
Executive Vice President and Head of Commerci...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2014.

berkshire hills bancorp inc (BHLB) Key Developments

Berkshire Hills Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge Offs for the Second Quarter of 2015; Provides Earnings Guidance for the Third Quarter of 2015

Berkshire Hills Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $52,637,000, total net revenue of $69,417,000, income before income taxes of $11,188,000, net income of $10,044,000 or $0.35 per basic and diluted share against net interest income of $44,329,000, total net revenue of $58,835,000, income before income taxes of $15,583,000, net income of $11,464,000 or $0.46 per basic and diluted share a year ago. Core return on assets was 0.81% against 0.71% a year ago. Core return on equity was 7.32% against 6.32% a year ago. Tangible book value per share was $17.16 against $16.40 a year ago. Return on assets was 0.56% against 0.75% a year ago. Return on equity was 5.05% against 6.64% a year ago. Core return on tangible equity was 12.30% against 11.34% a year ago. Core earnings, diluted were $0.51 against $0.44 a year ago. Profit growth reflects positive operating leverage from ongoing business development. For the six months, the company reported net interest income of $98,130,000, total net revenue of $127,472,000, income before income taxes of $20,244,000, net income of $18,803,000 or $0.70 per diluted share against net interest income of $87,095,000, total net revenue of $106,024,000, income before income taxes of $14,016,000, net income of $10,358,000 or $0.42 per basic and diluted share a year ago. The company reported net loans charged-off for the second quarter of 2015 were $3,293,000 against $3,238,000 a year ago. For the third quarter, the company GAAP tax rate to be below 10% given the benefit of the noncore charges recorded in the first half of the year. For the third quarter, the company expects to deliver the same kind of core EPS as company did this quarter with less expected purchase loan recoveries. The company anticipates a core tax rate of around 15% in third quarter.

Berkshire Hills Bancorp, Inc Declares Dividend, Payable on August 20, 2015

The Board of Directors of Berkshire Hills Bancorp Inc. voted to declare a cash dividend of $0.19 per share to shareholders of record at the close of business on August 6, 2015, payable on August 20, 2015. This dividend equates to a 2.7% annualized yield based on the $27.92 average closing price of Berkshire's common stock during the second quarter.

Berkshire Hills Bancorp Inc. to Report Q2, 2015 Results on Jul 22, 2015

Berkshire Hills Bancorp Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 22, 2015

 

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BHLB:US $28.97 USD +0.06

BHLB Competitors

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Company Last Change
1st Source Corp $33.72 USD 0.00
Ameris Bancorp $26.34 USD +0.17
First Commonwealth Financial Corp $9.26 USD +0.10
Tompkins Financial Corp $53.69 USD -0.0699
WSFS Financial Corp $28.28 USD +0.21
View Industry Companies
 

Industry Analysis

BHLB

Industry Average

Valuation BHLB Industry Range
Price/Earnings 17.7x
Price/Sales 3.5x
Price/Book 1.0x
Price/Cash Flow 20.2x
TEV/Sales NM Not Meaningful
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