- Berkshire Hills Bancorp is an attractive undervalued regional bank stock.
- At under $17, BHLB is still down roughly 50% from its December 2019 share price of $33, and carries an extremely undervalued price/tangible book ratio of 0.75.
- Management thinks 2021 quarters will have earnings improvement over Q4 2020 in several ways: lower credit loss provisions, significant loan and deposit growth, and higher PPP loan fees.
- Based on both tangible book value and on my expectations of 2021 EPS, I believe BHLB should have a price target of at least $24 per share.
For further details see:
Berkshire Hills Bancorp Is Safe And Highly Undervalued