Barclays PLC Grows Stock Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Barclays PLC increased its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 105.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,380 shares of the savings and loans company's stock after purchasing an additional 49,356 shares during the period. Barclays PLC owned approximately 0.22% of Berkshire Hills Bancorp worth $2,595,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Berkshire Hills Bancorp by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,632,671 shares of the savings and loans company's stock worth $60,024,000 after purchasing an additional 36,521 shares in the last quarter. State Street Corp boosted its position in shares of 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 valued at $57,455,000 after buying an additional 18,307 shares during the last quarter. Wellington Management Group LLP increased its holdings in Berkshire Hills Bancorp by 21.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,664,138 shares of the savings and loans company's stock worth $44,815,000 after buying an additional 293,784 shares in the last quarter. Systematic Financial Management LP raised its position in Berkshire Hills Bancorp by 13.7% in the 3rd quarter. Systematic Financial Management LP now owns 952,627 shares of the savings and loans company's stock worth $25,654,000 after buying an additional 114,433 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Berkshire Hills Bancorp by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 624,192 shares of the savings and loans company's stock valued at $14,232,000 after acquiring an additional 38,327 shares during the period. 83.07% of the stock is owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp Price Performance

BHLB stock traded up $0.06 during trading on Wednesday, reaching $28.66. The company's stock had a trading volume of 241,893 shares, compared to its average volume of 278,329. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company's fifty day moving average is $29.43 and its 200-day moving average is $26.81. The company has a market capitalization of $1.23 billion, a P/E ratio of 30.17 and a beta of 0.88. Berkshire Hills Bancorp, Inc. has a 1 year low of $20.50 and a 1 year high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. Berkshire Hills Bancorp had a return on equity of 8.68% and a net margin of 5.86%. The firm had revenue of $125.70 million during the quarter, compared to analysts' expectations of $119.61 million. During the same quarter last year, the business posted $0.50 earnings per share. The firm's revenue was up 16.6% on a year-over-year basis. On average, research analysts expect that Berkshire Hills Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, November 14th. Berkshire Hills Bancorp's payout ratio is currently 75.79%.

Analyst Upgrades and Downgrades

BHLB has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price target on shares of Berkshire Hills Bancorp from $32.00 to $31.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Piper Sandler raised shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Seaport Res Ptn raised Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the stock a "market perform" rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Berkshire Hills Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $29.70.

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.