Berkshire Hills Bancorp Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 8.83
Dividend & Yield0.72$ (2.47%)
Beta 1
Market capitalization 1.27B
Operating cash flow N/A
ESG Scores unknown

Company description

Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers.The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
no companies found

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities
Total Cashflows From Investing Activities 1.2B 641.1M 600.55M
Net Borrowings -843.8M -256.37M -462.06M
Total Cash From Financing Activities -917.47M 109.3M -636.1M
Change To Operating Activities 7.62M 17.59M 3.86M
Issuance Of Stock 188k 664k 417k
Net Income 97.45M -533.02M 118.66M 92.53M
Change In Cash 396.64M 978.05M 69.93M
Effect Of Exchange Rate
Total Cash From Operating Activities 111.53M 227.64M 105.48M
Depreciation 16.7M 21.86M 21.16M
Change To Account Receivables
Other Cashflows From Financing Activities 24M 402.05M -81.19M
Change To Netincome -10.25M 721.21M -38.2M
Capital Expenditures -10.56M -7.21M -1.61M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 123.98M -533.03M 149.02M 113.82M
Net Income 97.45M -533.02M 118.66M 92.53M
Selling General Administrative 222.29M 239.17M 244.78M 238.01M
Gross Profit 413.84M 307.21M 434.91M 402.53M
Ebit
Operating Income 161.83M 38.76M 163.78M 122.73M
Interest Expense
Income Tax Expense 22.46M -19.85M 30.36M 21.29M
Total Revenue 413.84M 307.21M 434.91M 402.53M
Cost Of Revenue
Total Other Income ExpenseNet -37.84M -571.78M -14.76M -8.91M
Net Income From Continuing Ops 101.52M -513.17M 118.66M 92.53M
Net Income Applicable To Common Shares 96.49M -533.33M 118.66M 92.53M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 11.46B 11.65B 10.37B 10.71B
Total Stockholder Equity 1.72B 1.19B 1.18B 954.06M
Other Current Liabilities 26.48M 641.33M 5.72M
Total Assets 13.22B 12.84B 11.55B 11.66B
Common Stock 517k 528k 528k 954.06M
Other Current Assets 341.86M 457.07M 87.92M 7.57M
Retained Earnings 361.08M -233.34M -139.38M
Treasury Stock -66.11M -6.65M -102.16M
Cash 465.23M 1.48B 1.58B 685.36M
Total Current Liabilities 10.49B 10.97B 10.13B 10.33B
Other Stockholder Equity 3.53M 24.63M -12.3M
Property, Plant, and Equipment 193.27M 172.68M 146.56M 85.22M
Total Current Assets 919.5M 2.15B 1.79B 701.84M
Net Tangible Assets 1.12B 1.15B 1.15B 929.58M
Net Receivables 23.79M 40.75M 30.61M
Accounts Payable 10.34B 10.22B 10.07B 10.33B


Insider Transactions

Here are the insider transactions of stock shares related to Berkshire Hills Bancorp Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
DAVIES JOHN BStock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
KIP JEFFREY WStock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
GRAY SEAN AStock Award(Grant) at price 0.00 per share.I2023-01-30Officer6.59k
MHATRE NITIN JStock Award(Grant) at price 0.00 per share.I2023-01-30Chief Executive Officer11.55k
MOFFATT LAURIE NORTONStock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
BACIGALUPO GEORGE FStock Award(Grant) at price 0.00 per share.I2023-01-30Officer3.62k
LINDENMUTH GREGORY DStock Award(Grant) at price 0.00 per share.I2023-01-30Officer2.11k
BRUNELLE DAVID M.Stock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
PRESCOTT GORDON W MStock Award(Grant) at price 0.00 per share.I2023-01-30General Counsel1.78k
BROWN JAMES CANNONStock Award(Grant) at price 0.00 per share.I2023-01-30Officer4.94k
HUGHES WILLIAM H. IIIStock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
ADOFO-WILSON BAYEStock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
SHULMAN JONATHAN I.Stock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
MAXFIELD SYLVIAStock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
WHITE JASON TStock Award(Grant) at price 0.00 per share.I2023-01-30Chief Technology Officer2.21k
COURTWRIGHT JACQUELINEStock Award(Grant) at price 0.00 per share.I2023-01-30Officer1.98k
CONN KEVINStock Award(Grant) at price 0.00 per share.I2023-01-30Officer3.58k
ZAITZEFF MICHAELStock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
BELLOMIA LUCIAStock Award(Grant) at price 0.00 per share.I2023-01-30Officer1.98k
TULCHINER ELLENStock Award(Grant) at price 0.00 per share.I2023-01-30Officer1.98k
CHARNLEY NINA A.Stock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
DESAI MIHIR A. PH.D.Stock Award(Grant) at price 0.00 per share.I2023-01-30Director2.14k
BRBOVIC BRETTStock Award(Grant) at price 0.00 per share.I2023-01-30Chief Financial Officer1.65k
JURGELEIT PHILIPStock Award(Grant) at price 0.00 per share.I2023-01-30Officer1.63k
DESAI MIHIR A. PH.D.Stock Award(Grant) at price 0.00 per share.I2022-07-01Director2.1k
PRESCOTT GORDON W MPurchase at price 26.00 per share.I2022-05-31General Counsel16
ZAITZEFF MICHAELSale at price 24.70 per share.I2022-05-16Director1.27M
MHATRE NITIN JPurchase at price 25.13 per share.D2022-05-10Chief Executive Officer1.5k
HUGHES WILLIAM H. IIIPurchase at price 25.16 per share.D2022-05-06Director40
KIP JEFFREY WPurchase at price 29.15 - 29.25 per share.D2022-01-31Director10k
DAVIES JOHN BStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
BROUILLARD RHEO AStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
KIP JEFFREY WStock Award(Grant) at price 0.00 per share.I2022-01-28Director3.56k
GRAY SEAN AStock Award(Grant) at price 0.00 per share.I2022-01-28Officer7.99k
MHATRE NITIN JStock Award(Grant) at price 0.00 per share.I2022-01-28Chief Executive Officer11.26k
CURLEY ROBERT MStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
MOFFATT LAURIE NORTONStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
BACIGALUPO GEORGE FStock Award(Grant) at price 0.00 per share.I2022-01-28Officer3.86k
LINDENMUTH GREGORY DStock Award(Grant) at price 0.00 per share.I2022-01-28Officer2.29k
BRUNELLE DAVID M.Stock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
PRESCOTT GORDON W MStock Award(Grant) at price 0.00 per share.I2022-01-28General Counsel1.57k
HUGHES WILLIAM H. IIIStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
ADOFO-WILSON BAYEStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
SHULMAN JONATHAN I.Stock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
MAXFIELD SYLVIAStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
WHITE JASON TStock Award(Grant) at price 0.00 per share.I2022-01-28Chief Technology Officer2.08k
COURTWRIGHT JACQUELINEStock Award(Grant) at price 0.00 per share.I2022-01-28Officer2.06k
BASU SUBHADEEPStock Award(Grant) at price 0.00 per share.I2022-01-28Chief Financial Officer4.98k
ZAITZEFF MICHAELStock Award(Grant) at price 0.00 per share.I2022-01-28Director2.25k
BELLOMIA LUCIAStock Award(Grant) at price 0.00 per share.I2022-01-28Officer1.4k
TULCHINER ELLENStock Award(Grant) at price 0.00 per share.I2022-01-28Officer1.4k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Berkshire Hills Bancorp Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Berkshire Hills Bancorp Inc

Here is the result of two systematic investment strategies applied to Berkshire Hills Bancorp Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Berkshire Hills Bancorp Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Berkshire Hills Bancorp Inc:

Berkshire Hills Bancorp Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 18.0% on the backtest period.

Performance at glance

Performance

18.0 %

Latent gain

401.64 $

Invested capital

2231.36 $

Annualized return

4.35 %
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Momentum strategy results on Berkshire Hills Bancorp Inc

This is the result of two momentum investment strategies applied to Berkshire Hills Bancorp Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Berkshire Hills Bancorp Inc

The following chart shows all the entries opened by the momentum investment system on Berkshire Hills Bancorp Inc:

Berkshire Hills Bancorp Inc momentum entries
  • The first momentum investment strategy would give 19.72% of return on Berkshire Hills Bancorp Inc. That represents 1088.71$ of latent gain with 5520.12$ of employed capital.
  • The second momentum investment strategy would give 16.27% of return on Berkshire Hills Bancorp Inc. That represents 526.81$ of latent gain with 3238.38$ of employed capital.
Performance at glance (1Q Momentum)

Performance

19.72 %

Latent gain

1088.71 $

Invested capital

5520.12 $

Annualized return

-1.16 %
Performance at glance (2Q Momentum)

Performance

16.27 %

Latent gain

526.81 $

Invested capital

3238.38 $

Annualized return

4.45 %

Momentum equity curve on Berkshire Hills Bancorp Inc

The following chart shows the equity curve of the two momentum strategies applied to Berkshire Hills Bancorp Inc:

Berkshire Hills Bancorp Inc momentum equity

Note: the dividends potentially given by Berkshire Hills Bancorp Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Berkshire Hills Bancorp Inc

The following chart shows the employed capital evolution of the two momentum strategies on Berkshire Hills Bancorp Inc since the beginning:

Berkshire Hills Bancorp Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Berkshire Hills Bancorp Inc

Buy the dip entry openings on Berkshire Hills Bancorp Inc

Berkshire Hills Bancorp Inc

The performance achieved by the robo-advisor on Berkshire Hills Bancorp Inc is -2.48%. That represents -6.03$ of latent gain with 243.0$ of employed capital. The following chart shows Berkshire Hills Bancorp Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Berkshire Hills Bancorp Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-2.48 %

Latent gain

-6.03 $

Invested capital

243.0 $

Annualized return

-1.16 %

Equity curve of the strategy applied to Berkshire Hills Bancorp Inc

The following chart shows the result of the investment strategy applied to Berkshire Hills Bancorp Inc:

Berkshire Hills Bancorp Inc

Note: the dividends potentially given by Berkshire Hills Bancorp Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Berkshire Hills Bancorp Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Berkshire Hills Bancorp Inc:

Berkshire Hills Bancorp Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Berkshire Hills Bancorp Inc

In this section, I will compare the three previous investment strategies applied to Berkshire Hills Bancorp Inc.

Equity curve comparison on Berkshire Hills Bancorp Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Berkshire Hills Bancorp Inc investment strategy comparison

Employed capital comparison on Berkshire Hills Bancorp Inc

Berkshire Hills Bancorp Inc investment comparison

Performance comparison on Berkshire Hills Bancorp Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 18.0% 401.64$ 2231.36$ 4.35%
Momentum 1 quarter 19.72% 1088.71$ 5520.12$ 5.06%
Momentum 2 quarters 16.27% 526.81$ 3238.38$ 4.45%
Non-directional -2.48% -6.03$ 243.0$ -1.16%
Annualized return comparison

Automatic investment

4.35 %

Momentum 1Q

4.45 %

Momentum 2Q

4.45 %

Non-directional

-1.16 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Berkshire Hills Bancorp Inc:

Note: The algorithm computes the probability of correlation between Berkshire Hills Bancorp Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Berkshire Hills Bancorp Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Berkshire Hills Bancorp Inc
Country United States
City Boston
Address 60 State Street
Phone 617 641 9206
Website www.berkshirebank.com
FullTime employees 1319
Industry Banks—Regional
Sector Financial Services
Exchange XNYS
Ticker BHLB
Market www.nyse.com

Berkshire Hills Bancorp Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown