Last $25.12 USD
Change Today +0.22 / 0.88%
Volume 43.1K
BHLB On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

berkshire hills bancorp inc (BHLB) Snapshot

Open
$24.85
Previous Close
$24.90
Day High
$25.31
Day Low
$24.80
52 Week High
07/8/13 - $29.38
52 Week Low
02/19/14 - $23.95
Market Cap
630.5M
Average Volume 10 Days
55.7K
EPS TTM
$2.05
Shares Outstanding
25.1M
EX-Date
02/11/14
P/E TM
12.3x
Dividend
$0.72
Dividend Yield
2.87%
Current Stock Chart for BERKSHIRE HILLS BANCORP INC (BHLB)

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berkshire hills bancorp inc (BHLB) Details

Berkshire Hills Bancorp, Inc., through its subsidiaries, provides retail and commercial banking, insurance, and wealth management services. Its primary deposit products include interest-bearing and noninterest-bearing checking accounts, regular and money market savings accounts, time certificates of deposit, NOW accounts, and retirement deposit accounts; and primary lending products comprise residential mortgages, commercial mortgages, commercial business loans, and consumer loans. The company also provides retail and commercial electronic banking services, commercial cash management services, and commercial interest rate swap instruments for commercial customers; and debit cards and other electronic payment services to transaction account customers. In addition, it offers wealth management services, such as investment management, trust administration, estate planning, and private banking services, as well as investment products, financial planning, and brokerage services. Further, the company provides a line of personal and commercial property and casualty, employee benefits, personal life, health, and financial services insurance products. It serves retail, commercial, not-for-profit, and municipal customers. The company operates approximately 75 full service branches in Massachusetts, New York, Connecticut, and Vermont; and 10 commercial and residential lending offices in central/eastern Massachusetts. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Pittsfield, Massachusetts.

939 Employees
Last Reported Date: 03/17/14
Founded in 1846

berkshire hills bancorp inc (BHLB) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $575.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $262.4K
Executive Vice President of Retail Banking an...
Total Annual Compensation: $350.0K
Chief Risk & Administrative Officer, Executiv...
Total Annual Compensation: $350.0K
Executive Vice President of Commercial Bankin...
Total Annual Compensation: $309.6K
Compensation as of Fiscal Year 2013.

berkshire hills bancorp inc (BHLB) Key Developments

Berkshire Hills Bancorp, Inc. Appoints Richard Thevenet as New Senior Vice President, Treasurer

Berkshire Hills Bancorp Inc. has announced the appointment of Richard Thevenet as the new senior vice president, treasurer of the company. Thevenet will report to Josephine Iannelli, Executive vice president, CFO and be responsible for corporate treasury, capital, funding, interest rate risk management and overall balance sheet management strategies. In his career of more than 20 years, Thevenet has served as Treasurer of MasterCard International and MBIA, and as Assistant or Deputy Treasurer at Time Warner, Pitney Bowes, and PepsiCo. He joins Berkshire from M&T Bank where he was VP Enterprise Risk Management.

Berkshire Hills Bancorp Inc. Announces Executive Changes

Berkshire Hills Bancorp Inc. announced the appointment of Scott J. Houghtaling to Senior Vice President, Commercial Leader for Berkshire Bank's New York Region. Mr. Houghtaling will report to George F. Bacigalupo, Executive Vice President, Commercial Banking, and be responsible for leading the commercial lending efforts and teams across Eastern and Central New York. Mr. Houghtaling has over 20 years' experience in commercial banking in New York State. He joined Berkshire from RBS Citizens, where he was SVP, Team Leader managing a $950 million portfolio focused on Not-for-Profit and Healthcare customers in New York. Mr. Houghtaling replaces Michael Carroll who was appointed Chief Credit Officer of Berkshire Bank in October 2013. Houghtaling will be based in Berkshire's Albany headquarters located at 41 State Street. He will lead Berkshire's growing commercial team, which currently includes eight commercial relationship managers together with Christopher Papayanakos, SVP Commercial Regional Leader -- Syracuse.

Berkshire Hills Names Josephine Iannelli as Executive Vice President, Chief Financial Officer

Berkshire Hills Bancorp Inc. announced that it has appointed Josephine Iannelli as Executive Vice President, Chief Financial Officer effective immediately. Iannelli has served as Berkshire's Senior Vice President, Principal Accounting Officer and has participated in financial oversight since July 2013. Iannelli joined Berkshire as Senior Vice President, Chief Accounting Officer on March 4, 2013. She has 20 years of financial and banking experience beginning with KPMG Peat Marwick and then KeyCorp. She joined National City Corp. in 2002 leading the accounting policy group and served in various roles at the bank up through their acquisition and integration into PNC Financial Services Group, ultimately advancing to the position of Senior Vice President, Loan Purchase Accounting. Since 2010, she had been providing independent accounting consulting services, specializing in finance reengineering and mergers and acquisitions for top ten national banks.

 

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Industry Analysis

BHLB

Industry Average

Valuation BHLB Industry Range
Price/Earnings 15.2x
Price/Sales 2.9x
Price/Book 0.9x
Price/Cash Flow 15.3x
TEV/Sales NM Not Meaningful
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