- Investing.com
Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides commercial and retail banking consumer lending, private banking and wealth management services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts. It offers loans, such as commercial real estate, commercial and industrial, residential mortgage, and consumer loans, as well as residential mortgages and commercial loan participations; and revolving loans, lines of credit, letters of credit, time notes and SBA guaranteed loans. In addition, the company provides wealth management services comprising consultative investment management, trust administration, tax return preparation, and financial planning; and investment products and brokerage services. Further, it offers commercial cash management; online banking and mobile banking; overdraft program; and debit cards and other electronic fee producing payment services to transaction account customers, as well as operates commercial payment processing business. It serves its products to personal, commercial, non-profit, and municipal deposit customers. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
Leadership Shift | Berkshire Hills Bancorp faces a pivotal moment with CFO David Rosato's departure, as Brett Brbovic steps up to maintain financial stability and strategic direction |
Market Sentiment | Investor meetings reveal cautious optimism about BHLB's credit and expense outlooks, despite the leadership transition, with a neutral rating and $24 price target |
Strategic Maneuvers | Explore BHLB's active management of its branch network, including recent sales, as the company adapts to evolving market conditions and customer expectations |
Navigating Challenges | Delve into how BHLB balances its strengths against sector-wide pressures, leveraging experienced leadership and positive sentiment to address macroeconomic uncertainties |
Metrics to compare | BHLB | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipBHLBPeersSector | |
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P/E Ratio | 10.3x | 0.0x | 9.7x | |
PEG Ratio | 0.03 | 0.00 | 0.03 | |
Price/Book | 1.0x | 0.0x | 1.0x | |
Price / LTM Sales | 2.7x | 0.0x | 2.9x | |
Upside (Analyst Target) | 19.4% | 0.0% | 9.9% | |
Fair Value Upside | Unlock | 0.0% | 1.4% | Unlock |