Jackson Creek Investment Advisors LLC bought a new stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 55,290 shares of the savings and loans company's stock, valued at approximately $1,572,000. Jackson Creek Investment Advisors LLC owned 0.13% of Berkshire Hills Bancorp as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Berkshire Hills Bancorp by 282.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock valued at $31,000 after purchasing an additional 821 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Berkshire Hills Bancorp during the 3rd quarter valued at about $34,000. KBC Group NV increased its stake in Berkshire Hills Bancorp by 57.8% during the 4th quarter. KBC Group NV now owns 2,869 shares of the savings and loans company's stock valued at $82,000 after buying an additional 1,051 shares during the period. Plimoth Trust Co. LLC acquired a new stake in shares of Berkshire Hills Bancorp in the 4th quarter worth approximately $204,000. Finally, Victory Capital Management Inc. acquired a new stake in Berkshire Hills Bancorp in the third quarter worth approximately $215,000. Institutional investors own 83.07% of the company's stock.
Insider Buying and Selling
In related news, EVP Ellen Tulchiner sold 1,052 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $29.97, for a total transaction of $31,528.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
BHLB has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the stock a "market perform" rating in a report on Tuesday, December 24th. Seaport Res Ptn raised Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $31.00 target price on shares of Berkshire Hills Bancorp in a research report on Friday, January 31st. Finally, Piper Sandler raised Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.13.
Check Out Our Latest Report on Berkshire Hills Bancorp
Berkshire Hills Bancorp Trading Up 0.6 %
NYSE BHLB traded up $0.17 on Tuesday, hitting $25.93. 969,626 shares of the stock were exchanged, compared to its average volume of 446,035. The company's 50-day moving average price is $28.47 and its two-hundred day moving average price is $28.36. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.00 and a beta of 0.85. Berkshire Hills Bancorp, Inc. has a 52-week low of $20.50 and a 52-week high of $32.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.
Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. Research analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current year.
Berkshire Hills Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, February 20th. Berkshire Hills Bancorp's dividend payout ratio (DPR) is 50.00%.
About Berkshire Hills Bancorp
(
Free Report)
Berkshire Hills Bancorp, Inc operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts.
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