BHLB Stock Summary and Trading Ideas (Berkshire Hills Bancorp | NYSE:BHLB)

Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services.

Berkshire Hills Bancorp trades on the NYSE stock market under the symbol BHLB.

As of April 15, 2024, BHLB stock price declined to $20.88 with 190,417 million shares trading.

BHLB has a beta of 1.37, meaning it tends to be more sensitive to market movements. BHLB has a correlation of 0.25 to the broad based SPY ETF.

BHLB has a market cap of $908.30 million. This is considered a Small Cap stock.

Last quarter Berkshire Hills Bancorp reported $90 million in Revenue and $.47 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.02.

In the last 3 years, BHLB stock traded as high as $31.78 and as low as $18.07.

The top ETF exchange traded funds that BHLB belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

BHLB has underperformed the market in the last year with a price return of -6.7% while the SPY ETF gained +23.9%. BHLB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.7% and -6.2%, respectively, while the SPY returned +6.2% and -3.4%, respectively.

BHLB support price is $20.48 and resistance is $21.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BHLB stock will trade within this expected range on the day.