Berkshire Hills Bancorp, Inc. Buyback
OLI recorded this information on 1/25/2023
Company:
Berkshire Hills Bancorp, Inc.
Buyback:
BHLB buyback
$Amount Authorized:
$50,000,000
Buyback Details:
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a share repurchase program pursuant to which the Company is authorized to repurchase shares of Company common stock at a total cost of up to $50 million through December 31, 2023. This would result in the repurchase of approximately 4% of outstanding shares based on the current share price.
Berkshire Hills Bancorp is the holding company for Berkshire Bank (the Bank). The Bank provides business and consumer banking, mortgage, wealth management, and investment services. The Bank's deposit accounts consist of demand deposits (non-interest-bearing checking), NOW (interest-bearing checking), regular savings, money market savings, and time certificates of deposit. The Bank provides targeted online and mobile deposit account opening capabilities for personal accounts. Additionally, the Bank provides a variety of retirement deposit accounts to personal and business customers. Co.'s Wealth Management Group provides investment management, trust administration, and financial planning.
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Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: BHLB Stock Forecast Based on Zacks ABR data; powered by Xignite |