berkshire hills bancorp is the parent of berkshire bank - america's most exciting bank®. the company has approximately $7.8 billion in assets and 93 ongoing full service branch offices in massachusetts, new york, connecticut, and vermont providing personal and business banking, insurance, and wealth management services. member fdic. equal housing lender
Company profile
Ticker
BHLB
Exchange
Website
CEO
Richard Marotta
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
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
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
14 May 24
10-Q
2024 Q1
Quarterly report
10 May 24
8-K
Berkshire Hills Reports First Quarter 2024 Results
18 Apr 24
ARS
2023 FY
Annual report to shareholders
5 Apr 24
DEF 14A
Definitive proxy
5 Apr 24
8-K
Departure of Directors or Certain Officers
22 Mar 24
8-K
Berkshire Hills Announces Quarterly Shareholder Dividend
7 Mar 24
8-K
Other Events
4 Mar 24
8-K
Regulation FD Disclosure
4 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
Transcripts
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
BHLB
Earnings call transcript
2022 Q3
20 Oct 22
BHLB
Earnings call transcript
2022 Q2
20 Jul 22
BHLB
Earnings call transcript
2022 Q1
20 Apr 22
Latest ownership filings
4
Nitin J. Mhatre
26 Apr 24
4
Kevin Conn
3 Apr 24
4
R David Rosato
3 Apr 24
144
Notice of proposed sale of securities
26 Mar 24
4
Ellen Tulchiner
19 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
4
Baye Adofo-Wilson
8 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
4
Michael Zaitzeff
22 Feb 24
4
Michael Zaitzeff
16 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
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) | 663.47 mm | 663.47 mm | 663.47 mm | 663.47 mm | 663.47 mm | 663.47 mm |
Cash burn (monthly) | (no burn) | 2.62 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 19.65 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 643.82 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 245.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
0.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 20 |
Opened positions | 0 |
Closed positions | 148 |
Increased positions | 4 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 3.62 bn |
Total shares | 190.57 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Ziegler Capital Management | 30.22 k | $750.39 mm |
State of Alaska, Department of Revenue | 26.87 k | $667.00 k |
Mirae Asset Global Investments | 20.60 k | $511.40 mm |
Raymond James & Associates | 17.84 k | $443.04 mm |
Etfidea | 16.30 k | $404.73 mm |
Cubic Asset Management | 13.47 k | $334.46 mm |
Beese Fulmer Investment Management | 12.80 k | $317.73 mm |
Berkshire Bank | 12.58 k | $312.46 mm |
Arizona State Retirement System | 12.30 k | $305.48 mm |
New York State Teachers Retirement System | 11.08 k | $275.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Apr 24 | Nitin J. Mhatre | Common Stock | Buy | Acquire P | No | No | 22.0192 | 1,100 | 24.22 k | 88,799 |
1 Apr 24 | R David Rosato | Common Stock | Payment of exercise | Dispose F | No | No | 22.25 | 815 | 18.13 k | 1,845 |
1 Apr 24 | Kevin Conn | Common Stock | Grant | Acquire A | Yes | No | 0 | 2,422 | 0.00 | 2,422 |
1 Apr 24 | Kevin Conn | Common Stock | Payment of exercise | Dispose F | No | No | 22.25 | 1,858 | 41.34 k | 21,784 |
19 Mar 24 | Ellen Tulchiner | Common Stock | Sell | Dispose S | No | No | 21.7063 | 926 | 20.10 k | 0 |
7 Mar 24 | Baye Adofo-Wilsin | Common Stock | Sell | Dispose S | No | No | 22.29 | 200 | 4.46 k | 0 |
7 Mar 24 | Baye Adofo-Wilsin | Common Stock | Sell | Dispose S | No | No | 22.275 | 163 | 3.63 k | 200 |
7 Mar 24 | Baye Adofo-Wilsin | Common Stock | Sell | Dispose S | No | No | 22.27 | 200 | 4.45 k | 363 |
7 Mar 24 | Baye Adofo-Wilsin | Common Stock | Sell | Dispose S | No | No | 22.25 | 200 | 4.45 k | 563 |
7 Mar 24 | Baye Adofo-Wilsin | Common Stock | Sell | Dispose S | No | No | 22.24 | 400 | 8.90 k | 763 |
News
Berkshire Hills Bancorp CFO David Rosato To Step Down To Pursue Other Interests; Brett Brbovic Named As Executive Vice President And CFO, Effective June 14, 2024
14 May 24
Over $3M Bet On Steel Connect? Check Out These 4 Stocks Insiders Are Buying
29 Apr 24
Earnings Scheduled For April 18, 2024
18 Apr 24
Berkshire Hills Bancorp Q1 2024 Adj EPS $0.49 Beats $0.47 Estimate, Revenue $88.140M Miss $89.010M Estimate
18 Apr 24
Arrow Financial Acquires Berkshire Bank Branch In Whitehall, New York
5 Mar 24
Press releases
Berkshire Hills Announces Executive Transition
14 May 24
Berkshire Hills Reports First Quarter 2024 Results
18 Apr 24
Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise
21 Mar 24
Berkshire Hills Announces Quarterly Shareholder Dividend
7 Mar 24
Arrow Announces Acquisition of Whitehall, N.Y. Branch
4 Mar 24