Amundi Acquires 13,337 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Amundi lifted its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 187.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,470 shares of the savings and loans company's stock after purchasing an additional 13,337 shares during the quarter. Amundi's holdings in Berkshire Hills Bancorp were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Berkshire Hills Bancorp by 3.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,241 shares of the savings and loans company's stock worth $376,000 after purchasing an additional 382 shares during the period. FMR LLC grew its stake in shares of Berkshire Hills Bancorp by 3.3% during the third quarter. FMR LLC now owns 15,411 shares of the savings and loans company's stock valued at $415,000 after buying an additional 496 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Berkshire Hills Bancorp by 282.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock worth $31,000 after buying an additional 821 shares during the period. KBC Group NV lifted its stake in shares of Berkshire Hills Bancorp by 57.8% in the 4th quarter. KBC Group NV now owns 2,869 shares of the savings and loans company's stock valued at $82,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Berkshire Hills Bancorp in the 3rd quarter valued at about $34,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Berkshire Hills Bancorp

In other news, EVP Ellen Tulchiner sold 1,052 shares of the business's 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 legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company's stock.

Analyst Ratings Changes

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

Berkshire Hills Bancorp Trading Up 3.1 %

BHLB stock traded up $0.81 on Monday, reaching $26.93. The company's stock had a trading volume of 486,306 shares, compared to its average volume of 301,742. The firm has a market cap of $1.25 billion, a PE ratio of 18.70 and a beta of 0.85. The business has a fifty day simple moving average of $28.14 and a two-hundred day simple moving average of $28.28. Berkshire Hills Bancorp, Inc. has a 12-month low of $20.50 and a 12-month high of $32.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted 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 net margin of 8.56% and a return on equity of 8.91%. As a group, research analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current year.

Berkshire Hills Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.67%. Berkshire Hills Bancorp's dividend payout ratio (DPR) is 50.00%.

Berkshire Hills Bancorp Company Profile

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.