Berkshire Hills Bancorp, Inc. (NYSE:BHLB) EVP Ellen Tulchiner Sells 1,052 Shares

Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Get Free Report) EVP Ellen Tulchiner sold 1,052 shares of the stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website.

Berkshire Hills Bancorp Price Performance

NYSE BHLB traded up $0.00 during trading hours on Tuesday, reaching $29.38. 372,219 shares of the company's stock were exchanged, compared to its average volume of 384,823. The firm has a fifty day moving average of $28.84 and a 200-day moving average of $28.14. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. Berkshire Hills Bancorp, Inc. has a one year low of $20.50 and a one year high of $32.36. The stock has a market cap of $1.26 billion, a PE ratio of 20.41 and a beta of 0.88.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last announced its earnings results on Thursday, January 30th. The savings and loans company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. On average, equities research analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, February 20th. Berkshire Hills Bancorp's dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BHLB. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $31.00 price objective on shares of Berkshire Hills Bancorp in a report on Friday, January 31st. Seaport Res Ptn raised Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Piper Sandler upgraded Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a "market perform" rating in a research note on Tuesday, December 24th. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Berkshire Hills Bancorp currently has an average rating of "Moderate Buy" and an average target price of $31.13.

Institutional Trading of Berkshire Hills Bancorp

Several hedge funds have recently modified their holdings of BHLB. Smartleaf Asset Management LLC raised its position in Berkshire Hills Bancorp by 282.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock worth $31,000 after purchasing an additional 821 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Berkshire Hills Bancorp during the third quarter worth $34,000. Quarry LP lifted its stake in shares of Berkshire Hills Bancorp by 142.7% during the fourth quarter. Quarry LP now owns 1,291 shares of the savings and loans company's stock valued at $37,000 after acquiring an additional 759 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Berkshire Hills Bancorp by 805.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,376 shares of the savings and loans company's stock valued at $39,000 after acquiring an additional 1,224 shares during the period. Finally, nVerses Capital LLC boosted its holdings in Berkshire Hills Bancorp by 233.3% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the savings and loans company's stock valued at $54,000 after acquiring an additional 1,400 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

About Berkshire Hills Bancorp

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.