Berkshire Hills Bancorp (BHLB) Stock Forecast, Price Target & Predictions
BHLB Stock Forecast
Berkshire Hills Bancorp stock forecast is as follows: an average price target of $23.50 (represents a -19.33% downside from BHLB’s last price of $29.13) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
BHLB Price Target
The average price target for Berkshire Hills Bancorp (BHLB) is $23.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $23.00. This represents a potential -19.33% downside from BHLB's last price of $29.13.
BHLB Analyst Ratings
According to 4 Wall Street analysts, Berkshire Hills Bancorp's rating consensus is 'Hold'. The analyst rating breakdown for BHLB stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 4 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Berkshire Hills Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jan 09, 2024 | Mark Fitzgibbon | Piper Sandler | $24.00 | $23.85 | 0.63% | -17.61% |
| Apr 21, 2022 | Compass Point | $23.00 | $28.61 | -19.61% | -21.04% |
The latest Berkshire Hills Bancorp stock forecast, released on Jan 09, 2024 by Mark Fitzgibbon from Piper Sandler, set a price target of $24.00, which represents a 0.63% increase from the stock price at the time of the forecast ($23.85), and a -17.61% decrease from BHLB last price ($29.13).
Berkshire Hills Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $24.00 |
| Last Closing Price | $29.13 | $29.13 | $29.13 |
| Upside/Downside | -100.00% | -100.00% | -17.61% |
In the current month, the average price target of Berkshire Hills Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Berkshire Hills Bancorp's last price of $29.13. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 22, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Jul 22, 2024 | Janney Montgomery | Neutral | Downgrade | |
| May 17, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 19, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Jan 30, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Jan 29, 2024 | Seaport Global | Neutral | Upgrade | |
| Jan 09, 2024 | Piper Sandler | Underweight | Neutral | Upgrade |
| Oct 14, 2022 | Piper Sandler | Underweight | Downgrade |
Berkshire Hills Bancorp's last stock rating was published by Keefe, Bruyette & Woods on Jul 22, 2024. The company gave BHLB a "Market Perform" rating, the same as its previous rate.
Berkshire Hills Bancorp Financial Forecast
Berkshire Hills Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $142.15M | - | $109.85M | $114.14M | $117.75M | $108.33M | $97.71M | $89.74M | $89.66M | $93.12M | $97.40M | $101.29M | $97.80M | $97.02M | $94.97M | $92.06M | $113.34M | $118.28M |
| Avg Forecast | $126.03M | $122.67M | $119.00M | $115.19M | $115.61M | $113.17M | $110.42M | $106.89M | $107.50M | $119.61M | $109.97M | $107.45M | $107.46M | $108.44M | $112.39M | $116.96M | $112.06M | $105.94M | $95.39M | $90.00M | $89.97M | $92.21M | $97.09M | $101.64M | $96.05M | $99.60M | $104.30M | $106.30M | $116.31M | $116.80M |
| High Forecast | $131.26M | $127.76M | $123.94M | $119.97M | $120.41M | $117.87M | $115.00M | $108.21M | $108.51M | $119.70M | $114.54M | $111.91M | $107.80M | $112.94M | $117.05M | $121.82M | $116.71M | $105.94M | $95.39M | $90.00M | $89.97M | $92.21M | $97.09M | $101.64M | $96.05M | $99.60M | $104.30M | $106.30M | $116.31M | $116.80M |
| Low Forecast | $114.93M | $111.87M | $108.52M | $105.05M | $105.43M | $103.21M | $100.70M | $105.57M | $106.48M | $119.52M | $100.29M | $97.99M | $107.11M | $98.89M | $102.49M | $106.66M | $102.19M | $105.94M | $95.39M | $90.00M | $89.97M | $92.21M | $97.09M | $101.64M | $96.05M | $99.60M | $104.30M | $106.30M | $116.31M | $116.80M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.32% | - | 0.98% | 0.98% | 1.05% | 1.02% | 1.02% | 1.00% | 1.00% | 1.01% | 1.00% | 1.00% | 1.02% | 0.97% | 0.91% | 0.87% | 0.97% | 1.01% |
Berkshire Hills Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $107.45M, with a low forecast of $97.99M, and a high forecast of $111.91M. BHLB's average Quarter revenue forecast represents a -24.41% decrease compared to the company's last Quarter revenue of $142.15M (Dec 23).
Berkshire Hills Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.21M | - | $27.80M | $67.97M | $58.62M | $37.63M | $35.26M | $34.72M | $34.78M | $91.93M | $42.60M | $33.85M | $34.26M | $46.44M | $-534.63M | $12.16M | $70.94M | $67.89M |
| Avg Forecast | $-36.86M | $-35.88M | $-34.80M | $-33.69M | $-33.81M | $-33.10M | $-32.29M | $-31.26M | $-31.44M | $-34.98M | $-32.16M | $39.91M | $-31.43M | $-31.71M | $-32.87M | $36.28M | $38.26M | $2.87M | $2.59M | $32.98M | $2.44M | $2.50M | $2.63M | $27.70M | $2.60M | $2.70M | $2.83M | $30.47M | $3.15M | $3.17M |
| High Forecast | $-33.61M | $-32.72M | $-31.74M | $-30.72M | $-30.83M | $-30.18M | $-29.45M | $-30.87M | $-31.14M | $-34.95M | $-29.33M | $47.89M | $-31.33M | $-28.92M | $-29.97M | $43.54M | $45.91M | $2.87M | $2.59M | $39.58M | $2.44M | $2.50M | $2.63M | $33.23M | $2.60M | $2.70M | $2.83M | $36.57M | $3.15M | $3.17M |
| Low Forecast | $-38.39M | $-37.37M | $-36.25M | $-35.09M | $-35.22M | $-34.47M | $-33.63M | $-31.65M | $-31.74M | $-35.01M | $-33.50M | $31.93M | $-31.53M | $-33.03M | $-34.23M | $29.03M | $30.61M | $2.87M | $2.59M | $26.39M | $2.44M | $2.50M | $2.63M | $22.16M | $2.60M | $2.70M | $2.83M | $24.38M | $3.15M | $3.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.04% | - | -0.85% | 1.87% | 1.53% | 13.10% | 13.63% | 1.05% | 14.25% | 36.76% | 16.18% | 1.22% | 13.15% | 17.19% | -189.03% | 0.40% | 22.49% | 21.44% |
1 analysts predict BHLB's average Quarter EBITDA for Mar 24 to be $39.91M, with a high of $47.89M and a low of $31.93M. This is 3211.99% upper than Berkshire Hills Bancorp's previous annual EBITDA (Dec 23) of $1.21M.
Berkshire Hills Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-1.45M | - | $23.86M | $27.64M | $30.50M | $18.72M | $23.11M | $20.20M | $20.25M | $63.75M | $21.64M | $13.03M | $15.01M | $21.23M | $-549.38M | $-19.87M | $25.75M | $22.62M |
| Avg Forecast | $34.60M | $33.43M | $31.84M | $29.40M | $27.95M | $25.76M | $24.41M | $22.57M | $23.28M | $23.26M | $21.99M | $23.22M | $20.63M | $20.66M | $24.37M | $21.10M | $22.27M | $24.65M | $19.89M | $19.19M | $17.92M | $16.24M | $12.47M | $10.66M | $7.79M | $5.38M | $1.38M | $-49.79M | $29.67M | $22.03M |
| High Forecast | $36.47M | $35.24M | $33.56M | $30.99M | $29.46M | $27.15M | $25.73M | $23.78M | $24.97M | $23.46M | $23.18M | $27.86M | $21.75M | $21.78M | $25.68M | $25.33M | $26.73M | $24.65M | $19.89M | $23.02M | $17.92M | $16.24M | $12.47M | $12.79M | $7.79M | $5.38M | $1.38M | $-39.83M | $29.67M | $22.03M |
| Low Forecast | $30.64M | $29.60M | $28.20M | $26.03M | $24.75M | $22.81M | $21.62M | $21.77M | $20.32M | $23.07M | $19.47M | $18.57M | $18.27M | $18.30M | $21.58M | $16.88M | $17.82M | $24.65M | $19.89M | $15.35M | $17.92M | $16.24M | $12.47M | $8.53M | $7.79M | $5.38M | $1.38M | $-59.75M | $29.67M | $22.03M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.07% | - | 0.98% | 1.31% | 1.37% | 0.76% | 1.16% | 1.05% | 1.13% | 3.93% | 1.74% | 1.22% | 1.93% | 3.94% | -397.67% | 0.40% | 0.87% | 1.03% |
Berkshire Hills Bancorp's average Quarter net income forecast for Sep 23 is $20.66M, with a range of $18.30M to $21.78M. BHLB's average Quarter net income forecast represents a -13.41% decrease compared to the company's last Quarter net income of $23.86M (Jun 23).
Berkshire Hills Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.96M | $39.07M | $37.97M | $48.14M | $46.44M | $46.05M | $46.41M | $47.13M | $46.63M | $49.04M | $46.56M | $45.87M | $49.72M | $47.64M | $43.57M | $45.13M |
| Avg Forecast | $44.15M | $42.97M | $41.68M | $40.35M | $40.50M | $39.64M | $38.68M | $37.44M | $37.66M | $41.90M | $38.52M | $55.34M | $37.64M | $37.99M | $39.37M | $50.31M | $51.06M | $42.79M | $38.53M | $45.74M | $36.34M | $37.25M | $39.22M | $40.13M | $38.80M | $40.23M | $42.13M | $42.94M | $46.98M | $47.18M |
| High Forecast | $45.98M | $44.75M | $43.41M | $42.02M | $42.18M | $41.29M | $40.29M | $37.90M | $38.01M | $41.93M | $40.12M | $66.41M | $37.76M | $39.56M | $41.00M | $60.38M | $61.27M | $42.79M | $38.53M | $54.89M | $36.34M | $37.25M | $39.22M | $48.15M | $38.80M | $40.23M | $42.13M | $42.94M | $46.98M | $47.18M |
| Low Forecast | $40.26M | $39.19M | $38.01M | $36.80M | $36.93M | $36.15M | $35.27M | $36.98M | $37.30M | $41.87M | $35.13M | $44.28M | $37.52M | $34.64M | $35.90M | $40.25M | $40.85M | $42.79M | $38.53M | $36.59M | $36.34M | $37.25M | $39.22M | $32.10M | $38.80M | $40.23M | $42.13M | $42.94M | $46.98M | $47.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.78% | 0.74% | 1.12% | 1.21% | 1.01% | 1.28% | 1.27% | 1.19% | 1.22% | 1.20% | 1.14% | 1.18% | 1.11% | 0.93% | 0.96% |
Berkshire Hills Bancorp's average Quarter SG&A projection for Sep 23 is $37.99M, based on 1 Wall Street analysts, with a range of $34.64M to $39.56M. The forecast indicates a -4.94% fall compared to BHLB last annual SG&A of $39.96M (Jun 23).
Berkshire Hills Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.03 | - | $0.55 | $0.63 | $0.69 | $0.42 | $0.50 | $0.42 | $0.42 | $1.32 | $0.43 | $0.26 | $0.30 | $0.42 | $-10.93 | $-0.40 | $0.51 | $0.44 |
| Avg Forecast | $0.81 | $0.79 | $0.75 | $0.69 | $0.66 | $0.61 | $0.57 | $0.53 | $0.55 | $0.55 | $0.52 | $0.47 | $0.49 | $0.49 | $0.57 | $0.64 | $0.64 | $0.58 | $0.47 | $0.40 | $0.42 | $0.38 | $0.29 | $0.22 | $0.18 | $0.13 | $0.03 | $0.53 | $0.70 | $0.52 |
| High Forecast | $0.86 | $0.83 | $0.79 | $0.73 | $0.69 | $0.64 | $0.61 | $0.56 | $0.59 | $0.55 | $0.55 | $0.50 | $0.51 | $0.51 | $0.60 | $0.67 | $0.67 | $0.58 | $0.47 | $0.40 | $0.42 | $0.38 | $0.29 | $0.22 | $0.18 | $0.13 | $0.03 | $0.53 | $0.70 | $0.52 |
| Low Forecast | $0.72 | $0.70 | $0.66 | $0.61 | $0.58 | $0.54 | $0.51 | $0.51 | $0.48 | $0.54 | $0.46 | $0.42 | $0.43 | $0.43 | $0.51 | $0.57 | $0.56 | $0.58 | $0.47 | $0.40 | $0.42 | $0.38 | $0.29 | $0.22 | $0.18 | $0.13 | $0.03 | $0.53 | $0.70 | $0.52 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.07% | - | 0.96% | 0.98% | 1.09% | 0.72% | 1.07% | 1.05% | 1.00% | 3.46% | 1.47% | 1.16% | 1.64% | 3.32% | -336.31% | -0.76% | 0.73% | 0.85% |
According to 1 Wall Street analysts, Berkshire Hills Bancorp's projected average Quarter EPS for Sep 23 is $0.49, with a low estimate of $0.43 and a high estimate of $0.51. This represents a -11.51% decrease compared to BHLB previous annual EPS of $0.55 (Jun 23).
Berkshire Hills Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CFB | CrossFirst Bankshares | $16.63 | $20.00 | 20.26% | Buy |
| FRST | Primis Financial | $12.24 | $14.00 | 14.38% | Buy |
| SMBC | Southern Missouri Bancorp | $62.43 | $69.00 | 10.52% | Buy |
| NBHC | National Bank | $45.56 | $50.00 | 9.75% | Hold |
| PFS | Provident Financial Services | $20.19 | $21.00 | 4.01% | Buy |
| CNOB | ConnectOne Bancorp | $25.58 | $25.00 | -2.27% | Buy |
| FMBH | First Mid Bancshares | $40.10 | $38.00 | -5.24% | Buy |
| NBTB | NBT Bancorp | $50.87 | $45.50 | -10.56% | Hold |
| FCCO | First Community | $25.95 | $21.00 | -19.08% | Buy |
| BHLB | Berkshire Hills Bancorp | $29.13 | $23.50 | -19.33% | Hold |
| FISI | Financial Institutions | $28.45 | $19.50 | -31.46% | Hold |