BHLB's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.28 -- higher than just 3.53% of US-listed equities with positive expected earnings growth.
In terms of twelve month growth in earnings before interest and taxes, Berkshire Hills Bancorp Inc is reporting a growth rate of -608.12%; that's higher than only 3.25% of US stocks.
Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for BHLB comes in at 41.73% -- higher than that of 94.6% of stocks in our set.
If you're looking for stocks that are quantitatively similar to Berkshire Hills Bancorp Inc, a group of peers worth examining would be UMPQ, GWB, CADE, EQBK, and BHF.
Berkshire Hills Bancorp provides retail and commercial banking, wealth management and investment, and insurance services. The company operates through two segments, Banking and Insurance. The company has banking offices in Massachusetts, New York, Connecticut, and Vermont. The company was founded in 1846 and is based in Pittsfield, Massachusetts.
I want to share a few words with you on our announcement yesterday that Nitin Mhatre has been named Chief Executive Officer of Berkshire Hills Bancorp and Berkshire Bank, a decision our Board made after a thorough planning process and a comprehensive national search. Sean took on the acting CEO role during a challenging period for the bank and guided us through this CEO transition with a steady hand, steering the bank and maintaining the executive team's focus on our strategic priorities.
NEW YORK, NY / ACCESSWIRE / January 26, 2021 / Berkshire Hills Bancorp, Inc. (NYSE:BHLB) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on January 26, 2021 at 10:00 AM Eastern Time.
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) (Company), the parent company of Berkshire Bank, announced today that the joint Board of Directors of the Company and the Bank (Board) has appointed Nitin J. Mhatre as President and Chief Executive Officer (CEO) of the Company and CEO of the Bank, effective January 29, 2021. Mr. Mhatre will also serve as a member of the Board. Sean Gray, who has served as Acting CEO since August 10, 2020, has been and will continue to be President and Chief Operating Officer of the Bank.
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced fourth quarter 2020 net income of $15 million, or $0.30 per share, compared to $21 million, or $0.42 per share, in the prior quarter. The fourth quarter non-GAAP measure of core earnings totaled $14 million, or $0.28 per share, compared to $26 million, or $0.53 per share, in the prior quarter. The change in earnings is primarily due to pandemic related impacts, including a $9 million increase in the noncash provision for expected credit losses.