Berkshire Hills Bancorp Has Been on a Tear. Is It Still an Acquisition Target?

As it did to many, many companies this year, the coronavirus pandemic sent Berkshire Hills Bancorp (NYSE: BHLB) into an absolute tailspin. The Boston-based regional bank, which was trading above $40 per share just a little more than two years ago and opened 2020 above $32, cratered to below $10 per share this spring, and sank to $8.71 per share in late September. At that record low, the $12.6 billion asset bank was trading at just below 40% of its tangible book value.