Berkshire Hills Bancorp (BHLB)

Beacon Comprehensive Services Corp. • RSB Properties, Inc. • CSB Service Corp. • Legacy Insurance Services of the Berkshires, LLC • North Street Securities Corporation • Woodland Securities, Inc. • Hampden Investment Corporation • Firestone Financial, LLC • First Choice Loan Services Inc. • Old Spot Properties, LLC ...

IRS number

43510455

BHLB stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$34.83

Low target

$31.00

High target

$39.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

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8-K

Berkshire Hills Reports Strong Fourth Quarter Operating Results

30 Jan 25

S-3ASR

Automatic shelf registration

14 Jan 25

8-K

Unregistered Sales of Equity Securities

23 Dec 24

$100.00 mm in equity, sold $100.00 mm, 13 investors

19 Dec 24

425

Business combination disclosure

17 Dec 24

425

Business combination disclosure

16 Dec 24

425

Business combination disclosure

16 Dec 24

8-K

1 Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Merger of Equals December 2024

12 Nov 24

Transcripts

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BHLB

Earnings call transcript

2024 Q4

30 Jan 25

BHLB

Earnings call transcript

2024 Q3

24 Oct 24

BHLB

Earnings call transcript

2024 Q2

18 Jul 24

BHLB

Earnings call transcript

2024 Q1

18 Apr 24

BHLB

Earnings call transcript

2023 Q4

25 Jan 24

BHLB

Earnings call transcript

2023 Q3

20 Oct 23

BHLB

Earnings call transcript

2023 Q2

20 Jul 23

BHLB

Earnings call transcript

2023 Q2

20 Jul 23

BHLB

Earnings call transcript

2023 Q1

20 Apr 23

BHLB

Earnings call transcript

2022 Q4

26 Jan 23

Latest ownership filings

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Laurie Norton Moffatt

Financial summary

Financial statements Chart BHLB financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	569.97 mm	569.97 mm	569.97 mm	569.97 mm	569.97 mm	569.97 mm
Cash burn (monthly)	176.78 mm	7.79 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	725.28 mm	31.97 mm	n/a	n/a	n/a	n/a
Cash remaining	-155.31 mm	538.00 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	-0.9	69.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

BHLB institutional ownership history Ownership history

78.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	186	178	+4.5%
Opened positions	25	25	–
Closed positions	17	20	-15.0%
Increased positions	60	66	-9.1%
Reduced positions	60	58	+3.4%

13F shares	Current	Prev Q	Change
Total value	932.26 bn	792.02 bn	+17.7%
Total shares	35.84 mm	36.20 mm	-1.0%
Total puts	200.00	200.00	–
Total calls	1.00 k	1.00 k	–
Total put/call ratio	0.2	0.2	0.0%

Largest owners	Shares	Value	Change
BlackRock	6.31 mm	$169.98 bn	NEW
Vanguard	5.14 mm	$138.44 bn	+1.9%
Dimensional Fund Advisors	2.68 mm	$72.06 bn	+1.6%
STT State Street	2.12 mm	$57.46 bn	+0.9%
Wellington Management	1.66 mm	$44.82 bn	+21.4%
Alliancebernstein	1.19 mm	$31.97 bn	-8.7%
IVZ Invesco	1.07 mm	$28.80 bn	+2.1%
Geode Capital Management	979.16 k	$26.37 bn	+0.2%
Systematic Financial Management	952.63 k	$25.65 bn	+13.7%
Fuller & Thaler Asset Management	693.06 k	$18.66 bn	-0.1%

Largest transactions	Shares	Bought/sold	Change
BlackRock	6.31 mm	+6.31 mm	NEW
BLK BlackRock	0.00	-6.25 mm	EXIT
Clark Capital Management	688.62 k	-955.43 k	-58.1%
GS The Goldman Sachs Group, Inc.	545.74 k	+326.74 k	+149.2%
Wellington Management	1.66 mm	+293.78 k	+21.4%
Assenagon Asset Management	0.00	-277.64 k	EXIT
Nuveen Asset Management	657.44 k	+270.67 k	+70.0%
Arrowstreet Capital, Limited Partnership	341.61 k	+240.86 k	+239.1%
LSV Asset Management	426.40 k	-218.10 k	-33.8%
Norges Bank	0.00	-204.22 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.