Berkshire Hills Bancorp Inc BHLB Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Apr 01, 2024 (filed on Apr 03, 2024)

Insider Name:

Conn Kevin

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

2,422

Price:

--
Apr 01, 2024 (filed on Apr 03, 2024)

Insider Name:

Conn Kevin

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-1,858

Price:

$22.25
Apr 01, 2024 (filed on Apr 03, 2024)

Insider Name:

Rosato R David

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-815

Price:

$22.25
Mar 19, 2024 (filed on Mar 19, 2024)

Insider Name:

Tulchiner Ellen

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-926

Price:

$21.71
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-1,000

Price:

$22.16
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-100

Price:

$22.15
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-100

Price:

$22.15
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-700

Price:

$22.14
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-400

Price:

$22.14
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-774

Price:

$22.13

Filings by filing date

Apr 01, 2024 (filed on Apr 03, 2024)

Insider Name:

Conn Kevin

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

2,422

Price:

--
Apr 01, 2024 (filed on Apr 03, 2024)

Insider Name:

Conn Kevin

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-1,858

Price:

$22.25
Apr 01, 2024 (filed on Apr 03, 2024)

Insider Name:

Rosato R David

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-815

Price:

$22.25
Mar 19, 2024 (filed on Mar 19, 2024)

Insider Name:

Tulchiner Ellen

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-926

Price:

$21.71
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-1,000

Price:

$22.16
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-100

Price:

$22.15
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-100

Price:

$22.15
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-700

Price:

$22.14
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-400

Price:

$22.14
Mar 07, 2024 (filed on Mar 08, 2024)

Insider Name:

Adofo-Wilson Baye

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-774

Price:

$22.13

News

Biz Brief

Sector: Financials	Industry: Banks

See Regulatory Filings on SEC

Company Contact

Address:	60 State Street, 38Th Floor BOSTON MA 2109
Tel:	1-617-6419206
Website:	https://ir.berkshirebank.com
IR:	See website

Key People

Nitin J. Mhatre President, Chief Executive Officer, Director	Philip Jurgeleit Executive Vice President, Chief Credit Officer	David Rosato Chief Financial Officer, Senior Executive Vice President
Sean A. Gray Senior Executive Vice President, Chief Operating Officer; President of Berkshire Bank	Ashlee Flores Executive Vice President, Chief Compliance Officer	George F. Bacigalupo Executive Vice President, Director - Commercial / Enterprise Sales Management
Lucia Bellomia Senior Executive Vice President, Head of Retail Banking of Berkshire Bank	James Brown Senior Executive Vice President, Head of Commercial Banking	Jennifer M. Carmichael Executive Vice President, Chief Internal Audit Officer of Berkshire Bank
Jacqueline Courtwright Senior Executive Vice President; Chief Human Resources and Culture Officer of Berkshire Bank

Business Overview

Berkshire Hills Bancorp, Inc. is a holding company for Berkshire Bank (the Bank). The Bank provides commercial banking, retail banking, consumer lending, private banking and wealth management services. The Bank provides various loans, including commercial real estate, commercial and industrial loans, residential mortgages and consumer loans. The Bank originates commercial real estate loans on properties used for business purposes, such as retail, multifamily, office, healthcare, hospitality, industrial and manufacturing facilities. The Bank is engaged in prime home equity lending, following its conforming mortgage underwriting guidelines with streamlined verifications and documentation. The Bank offers fixed-rate and adjustable-rate residential mortgage loans. The Company's Wealth Management Group provides consultative investment management, trust administration, and financial planning to individuals, businesses, and institutions, with an emphasis on personal investment management.

Financial Overview

For the three months ended 31 March 2024, Berkshire Hills Bancorp Inc interest income increased 15% to $152M. Net interest income after loan loss provision decreased 7% to $82.1M. Net loss totaled $20.2M vs. income of $27.6M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities.

Employees:	1,340 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$1,291M as of Mar 31, 2024
Annual revenue (TTM):	$595.99M as of Mar 31, 2024
EBITDA (TTM):	$79.25M as of Mar 31, 2024
Net annual income (TTM):	$21.77M as of Mar 31, 2024
Free cash flow (TTM):	N/A
Net Debt Last Fiscal Year:	$346.92M as of Mar 31, 2024
Shares outstanding:	43,415,000 as of Mar 31, 2024
Index Membership:	S&P 600 Small Cap
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization