- Berkshire Hills Bancorp ( NYSE: BHLB ) on Wednesday announced a $50M stock buyback program through December 31, 2023, representing ~4% of its outstanding stock.
- "We intend to continue to use a balanced approach to deploy capital generated by our company's operations to both support growth and financial soundness, and to distribute capital to shareholders in the form of dividends and stock repurchases," said CEO Nitin Mhatre.
- The authorization does not constitute a commitment to buy back shares.
- SA Quant cautions investors that Berkshire Hills ( BHLB ) is at high risk of performing badly .
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Berkshire Hills Bancorp announces $50M stock buyback program