Last $23.67 USD
Change Today 0.00 / 0.00%
Volume 70.1K
BHLB On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

berkshire hills bancorp inc (BHLB) Snapshot

Open
$23.53
Previous Close
$23.67
Day High
$23.95
Day Low
$23.53
52 Week High
12/3/13 - $27.86
52 Week Low
05/16/14 - $22.06
Market Cap
594.3M
Average Volume 10 Days
83.3K
EPS TTM
$1.52
Shares Outstanding
25.1M
EX-Date
08/5/14
P/E TM
15.6x
Dividend
$0.72
Dividend Yield
3.04%
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. The company operates in two segments, Banking and Insurance. It offers various deposit accounts, such as interest-bearing and noninterest-bearing checking, regular savings, money market savings, time certificates of deposit, NOW, and retirement deposit accounts; and loans, including residential mortgage, commercial mortgage, commercial business, and consumer loans. The company also provides wealth management services comprising investment management, trust administration, estate planning, and private banking, as well as 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 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. It serves retail, commercial, not-for-profit, and municipal customers. The company operates 92 full service branches in Massachusetts, New York, Connecticut, and Vermont; and commercial and residential lending offices located in 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

Chief Executive Officer, President, Director,...
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. Declares Cash Dividend, Payable on August 21, 2014

On July 23, 2014, Berkshire Hills Bancorp Inc. announced a cash dividend of $0.18 per share to shareholders of record at the close of business on August 7, 2014, payable on August 21, 2014.

Berkshire Hills Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Loans Charged-Off for the Second Quarter Ended June 30, 2014

Berkshire Hills Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest and dividend income of $51.175 million compared to $49.697 million a year ago. Net interest income was $44.329 million compared to $41.104 million a year ago. Total net revenue was $58.835 million compared to $56.710 million a year ago. Income before income taxes was $15.583 million compared to $16.075 million a year ago. Net income was $11.464 million or $0.46 per diluted share compared to $12.037 million or $0.48 per diluted share a year ago. The company reported a 5% increase in core earnings per share to $0.44 in the second quarter of 2014 from $0.42 in the prior quarter. Core earnings growth reflected the benefits of the first quarter branch acquisition combined with strong second quarter loan growth. Core earnings totaled $10.915 million compared to $11.900 million a year ago. The core return on tangible equity improved to 11.34% compared to 12.84% a year ago, while the GAAP return on equity improved to 6.64% compared to 7.21% a year ago. Net interest income increased by 4% due primarily to balance sheet growth. Core return on assets was 0.71% compared to 0.92% a year ago. Return on assets was 0.75% compared to 0.93% a year ago. Core return on equity was 6.321% compared to 7.13% a year ago. Total core revenue was $58.632 million compared to $55.705 million a year ago. Tangible book value per share was $16.40 compared to $15.96 a year ago. For the six months, the company reported total interest and dividend income of $100.970 million compared to $100.578 million a year ago. Net interest income was $87.095 million compared to $83.041 million a year ago. Total net revenue was $106.024 million compared to $113.445 million a year ago. Income before income taxes was $14.016 million compared to $30.927 million a year ago. Net income was $10.358 million or $0.42 per diluted share compared to $22.502 million or $0.90 per diluted share a year ago. Total core income was $21.327 million or $0.86 per diluted share compared to $25.387 million or $1.01 per diluted share a year ago. Total core revenue was $115.960 million compared to $112.440 million a year ago. Core return on assets was 0.71% compared to 0.97% a year ago. Core return on was 6.17% compared to 7.61% a year ago. Core return on tangible equity was 11.09% compared to 13.70% a year ago. GAAP return on assets was 0.35% compared to 0.86% a year ago. GAAP return on equity was 3.00% compared to 6.74% a year ago. For the second quarter ended June 30, 2014, the company reported net loans charged-off of $3.238 million compared to $2.715 million a year ago.

Berkshire Hills Bancorp Inc. to Report Q2, 2014 Results on Jul 23, 2014

Berkshire Hills Bancorp Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

 

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Industry Analysis

BHLB

Industry Average

Valuation BHLB Industry Range
Price/Earnings 20.3x
Price/Sales 2.8x
Price/Book 0.8x
Price/Cash Flow 20.5x
TEV/Sales NM Not Meaningful
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