©Reuters.
BOSTON – Berkshire Hills (NYSE:) Bancorp, Inc. (NYSE:BHLB), parent company of Berkshire Bank, plans to hold its 2024 Annual Meeting of Stockholders on Thursday, May 16, at the bank's offices in Pittsfield, Massachusetts. His shareholders as of the record date of March 21, 2024 will be eligible to receive notice and vote at the general meeting.
This year's meeting agenda includes major topics such as the election of directors, determination of executive compensation, and involvement of auditors. Details of the meeting will be published on the company's website in early April.
Berkshire Hills Bancorp, headquartered in Boston, operates Berkshire Bank, known for its community-centered approach to banking. As a regional bank, we manage $12.4 billion in total assets and maintain 96 financial centers across New England and New York. The bank offers a wide range of services including commercial and retail banking, as well as wealth and private banking solutions.
This announcement is based on a press release statement from Berkshire Hills Bancorp.
Investment Pro Insights
As Berkshire Hills Bancorp, Inc. (NYSE:BHLB) prepares for its 2024 Annual Meeting, investors and stakeholders may be interested in some of the key financial metrics and insights provided by InvestingPro. It may be. The company takes pride in its consistent dividend policy, maintaining its dividend payments for 24 consecutive years. This is proof that we are focusing on shareholder returns even as we weather various economic cycles.
According to InvestingPro Data, the market capitalization is $984.78 million, which reflects the company's size and market presence in the local banking sector. The price-to-earnings (P/E) ratio is 14.47 and the trailing-12-month adjusted P/E ratio as of Q4 2023 is 13.13, suggesting a potentially reasonable valuation compared to earnings. doing. Additionally, the most recent dividend yield is 3.12%, which may be attractive to income-oriented investors.
As noted on InvestingPro Tips, Berkshire Hills Bancorp's commitment to profitability is highlighted by analysts' predictions that the company will be profitable this year. Additionally, the company has been profitable over the past 12 months, reinforcing its positive outlook. However, it is worth noting that the company is suffering from low gross profit margins, which could be a concern for potential investors, as three analysts have revised down next year's earnings. Worth it.
For those looking to learn more about Berkshire Hills Bancorp's financial health and future prospects, InvestingPro offers a variety of additional tips. Currently, four more tips are available that provide further insight into company performance and potential investment opportunities.
Investors interested in a more comprehensive analysis can use coupon codes. pro news 24 Take an extra 10% off your annual or biennial Pro and Pro+ subscriptions with InvestingPro and take a more informed approach to your investment decisions.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
