Commonwealth Equity Services LLC Acquires 14,750 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Commonwealth Equity Services LLC grew its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,775 shares of the savings and loans company's stock after acquiring an additional 14,750 shares during the quarter. Commonwealth Equity Services LLC owned 0.33% of Berkshire Hills Bancorp worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its stake in shares of Berkshire Hills Bancorp by 105.0% in the 3rd quarter. Barclays PLC now owns 96,380 shares of the savings and loans company's stock valued at $2,595,000 after purchasing an additional 49,356 shares in the last quarter. State Street Corp grew its stake in Berkshire Hills Bancorp by 0.9% during the third quarter. State Street Corp now owns 2,119,475 shares of the savings and loans company's stock worth $57,455,000 after buying an additional 18,307 shares during the last quarter. Amundi increased its holdings in shares of Berkshire Hills Bancorp by 187.0% during the fourth quarter. Amundi now owns 20,470 shares of the savings and loans company's stock worth $571,000 after buying an additional 13,337 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Berkshire Hills Bancorp by 61.2% during the third quarter. JPMorgan Chase & Co. now owns 190,673 shares of the savings and loans company's stock worth $5,135,000 after buying an additional 72,402 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Berkshire Hills Bancorp by 13.7% in the third quarter. Systematic Financial Management LP now owns 952,627 shares of the savings and loans company's stock valued at $25,654,000 after acquiring an additional 114,433 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company's stock.

Berkshire Hills Bancorp Trading Down 0.3 %

BHLB stock traded down $0.09 during midday trading on Thursday, reaching $26.63. The stock had a trading volume of 292,379 shares, compared to its average volume of 302,415. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 18.49 and a beta of 0.85. Berkshire Hills Bancorp, Inc. has a twelve month low of $20.50 and a twelve month high of $32.36. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $28.06 and a two-hundred day simple moving average of $28.27.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share for the quarter, beating 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 expect that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, February 20th. Berkshire Hills Bancorp's payout ratio is 50.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BHLB shares. Keefe, Bruyette & Woods raised their price target on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a "market perform" rating in a report 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 research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Finally, Piper Sandler raised shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $31.13.

Insiders Place Their Bets

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 value of $31,528.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.02% of the company's stock.

Berkshire Hills Bancorp 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.