Berkshire Hills Bancorp, Inc. (BHLB)
Berkshire Hills Bancorp, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $26.13, down 0.65% on the session, giving a market capitalisation of $1.21B. On trailing twelve-month figures it carries a trailing P/E of 19.80, a net margin of 13.5%. Its beta of 0.66 implies it has historically moved less than the broad market.
Berkshire Hills Bancorp, Inc. functions as the parent company for Berkshire Bank, offering a comprehensive array of banking and financial services. The institution provides diverse deposit options, including checking, savings, money market, and various certificates of deposit, alongside retirement accounts. Its lending portfolio encompasses commercial real estate, business and industrial financing, individual consumer loans, and residential mortgages. Additionally, the company delivers wealth management solutions such as investment oversight, trust administration, and financial planning, complemented by general investment products, planning, and brokerage services. Digital offerings are robust, featuring online, mobile, and electronic banking, commercial cash flow management, small business solutions, and asset-based lending. It also furnishes debit cards and other electronic payment systems. The company serves a broad clientele, including individuals, businesses, non-profits, and local government bodies. As of March 14, 2022, it maintained 106 full-service branches distributed across Massachusetts, New York, Connecticut, and Vermont, with dedicated commercial banking offices located in Providence, Rhode Island, and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was established in 1846 and is headquartered in Boston, Massachusetts.
Berkshire Hills Bancorp, Inc. is most often compared with the following Financial Services names: