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 -13.16% downside from BHLB’s last price of $27.06) 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 -13.16% downside from BHLB's last price of $27.06.
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% | -11.31% |
| Apr 21, 2022 | - | Compass Point | $23.00 | $28.61 | -19.61% | -15.00% |
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 -11.31% decrease from BHLB last price ($27.06).
Berkshire Hills Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $24.00 |
| Last Closing Price | $27.06 | $27.06 | $27.06 |
| Upside/Downside | -100.00% | -100.00% | -11.31% |
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 $27.06. 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 | $115.02M | $112.31M | $109.63M | $106.03M | $106.89M | $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 | $132.09M | $128.57M | $124.72M | $120.73M | $120.56M | $117.71M | $114.91M | $107.34M | $107.91M | $119.70M | $115.26M | $112.62M | $107.80M | $113.66M | $117.79M | $122.59M | $117.45M | $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 | $121.28M | $118.06M | $114.52M | $110.85M | $110.69M | $108.08M | $105.51M | $104.73M | $105.88M | $119.52M | $105.83M | $103.40M | $107.11M | $104.36M | $108.16M | $112.56M | $107.84M | $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 | 2 | 2 | 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 $103.40M, and a high forecast of $112.62M. 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 | 2 | 2 | 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 | $3.42M | $3.33M | $3.23M | $3.12M | $3.12M | $3.05M | $2.97M | $2.88M | $2.90M | $3.24M | $2.98M | $39.91M | $2.91M | $2.94M | $3.05M | $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 | $3.58M | $3.49M | $3.38M | $3.27M | $3.27M | $3.19M | $3.12M | $2.91M | $2.93M | $3.25M | $3.13M | $47.89M | $2.92M | $3.08M | $3.19M | $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 | $3.29M | $3.20M | $3.11M | $3.01M | $3.00M | $2.93M | $2.86M | $2.84M | $2.87M | $3.24M | $2.87M | $31.93M | $2.90M | $2.83M | $2.93M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | - | 9.12% | 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 | 2 | 2 | 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 | $32.27M | $31.10M | $29.61M | $27.60M | $27.43M | $26.49M | $25.05M | $23.18M | $23.26M | $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 | $34.28M | $33.04M | $31.46M | $29.32M | $29.14M | $28.15M | $26.61M | $24.42M | $24.96M | $23.46M | $23.37M | $27.86M | $21.92M | $21.95M | $25.89M | $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 | $30.69M | $29.58M | $28.16M | $26.24M | $26.08M | $25.20M | $23.82M | $22.35M | $20.30M | $23.07M | $20.91M | $18.57M | $19.62M | $19.65M | $23.18M | $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 $19.65M to $21.95M. 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 | 2 | 2 | 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 | $50.91M | $49.55M | $48.07M | $46.53M | $46.46M | $45.37M | $44.28M | $42.83M | $43.18M | $48.31M | $44.42M | $55.34M | $43.41M | $43.80M | $45.40M | $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 | $53.36M | $51.94M | $50.38M | $48.77M | $48.70M | $47.55M | $46.42M | $43.36M | $43.59M | $48.35M | $46.56M | $66.41M | $43.54M | $45.91M | $47.58M | $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 | $48.99M | $47.69M | $46.26M | $44.78M | $44.71M | $43.66M | $42.62M | $42.30M | $42.77M | $48.28M | $42.75M | $44.28M | $43.27M | $42.15M | $43.69M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 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 $43.80M, based on 1 Wall Street analysts, with a range of $42.15M to $45.91M. The forecast indicates a 9.62% rise 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 | 2 | 2 | 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 | $0.76 | $0.73 | $0.70 | $0.65 | $0.65 | $0.62 | $0.59 | $0.55 | $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 | $0.81 | $0.78 | $0.74 | $0.69 | $0.69 | $0.66 | $0.63 | $0.58 | $0.59 | $0.55 | $0.55 | $0.50 | $0.52 | $0.52 | $0.61 | $0.68 | $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 | $0.62 | $0.61 | $0.59 | $0.56 | $0.53 | $0.48 | $0.54 | $0.49 | $0.45 | $0.46 | $0.46 | $0.55 | $0.61 | $0.60 | $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 $0.46 and a high estimate of $0.52. 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 |
|---|---|---|---|---|---|
| FRST | Primis Financial | $11.12 | $14.00 | 25.90% | Buy |
| SMBC | Southern Missouri Bancorp | $58.42 | $69.00 | 18.11% | Buy |
| CNOB | ConnectOne Bancorp | $24.14 | $27.67 | 14.62% | Buy |
| CFB | CrossFirst Bankshares | $15.47 | $17.60 | 13.77% | Buy |
| NBHC | National Bank | $44.19 | $50.00 | 13.15% | Hold |
| PFS | Provident Financial Services | $18.55 | $20.00 | 7.82% | Buy |
| NBTB | NBT Bancorp | $43.83 | $45.50 | 3.81% | Hold |
| FMBH | First Mid Bancshares | $37.50 | $38.00 | 1.33% | Strong Buy |
| FCCO | First Community | $23.42 | $21.00 | -10.33% | Buy |
| BHLB | Berkshire Hills Bancorp | $27.06 | $23.50 | -13.16% | Hold |
| FISI | Financial Institutions | $24.21 | $19.50 | -19.45% | Hold |
BHLB Forecast FAQ
Is Berkshire Hills Bancorp a good buy?
No, according to 4 Wall Street analysts, Berkshire Hills Bancorp (BHLB) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of BHLB's total ratings.
What is BHLB's price target?
Berkshire Hills Bancorp (BHLB) average price target is $23.5 with a range of $23 to $24, implying a -13.16% from its last price of $27.06. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Berkshire Hills Bancorp stock go up soon?
According to Wall Street analysts' prediction for BHLB stock, the company can go down by -13.16% (from the last price of $27.06 to the average price target of $23.5), down by -11.31% based on the highest stock price target, and down by -15.00% based on the lowest stock price target.
Can Berkshire Hills Bancorp stock reach $40?
BHLB's average twelve months analyst stock price target of $23.5 does not support the claim that Berkshire Hills Bancorp can reach $40 in the near future.
What are Berkshire Hills Bancorp's analysts' financial forecasts?
Berkshire Hills Bancorp's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $442.99M (high $460.51M, low $429M), average EBITDA is $12.01M (high $12.49M, low $11.63M), average net income is $102.14M (high $108.32M, low $97.45M), average SG&A $178.94M (high $186.02M, low $173.29M), and average EPS is $2.41 (high $2.55, low $2.3). BHLB's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $482.88M (high $506.12M, low $464.71M), average EBITDA is $13.09M (high $13.72M, low $12.6M), average net income is $120.57M (high $128.11M, low $114.67M), average SG&A $195.06M (high $204.44M, low $187.71M), and average EPS is $2.84 (high $3.02, low $2.7).
Did the BHLB's actual financial results beat the analysts' financial forecasts?
Based on Berkshire Hills Bancorp's last annual report (Dec 2023), the company's revenue was $619.08M, beating the average analysts forecast of $445.24M by 39.04%. Apple's EBITDA was $4.82M, missing the average prediction of $45.18M by -89.33%. The company's net income was $69.6M, missing the average estimation of $86.77M by -19.79%. Apple's SG&A was $0, missing the average forecast of $182.92M by -100.00%. Lastly, the company's EPS was $1.6, missing the average prediction of $2.19 by -26.83%. In terms of the last quarterly report (Dec 2023), Berkshire Hills Bancorp's revenue was $142.15M, beating the average analysts' forecast of $107.46M by 32.29%. The company's EBITDA was $1.2M, missing the average prediction of $2.91M by -58.65%. Berkshire Hills Bancorp's net income was $-1.445M, missing the average estimation of $20.63M by -107.00%. The company's SG&A was $0, missing the average forecast of $43.41M by -100.00%. Lastly, the company's EPS was $-0.0337, missing the average prediction of $0.486 by -106.93%