PDT Partners LLC Purchases 20,736 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

PDT Partners LLC increased its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 178.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,327 shares of the savings and loans company's stock after purchasing an additional 20,736 shares during the quarter. PDT Partners LLC owned 0.08% of Berkshire Hills Bancorp worth $871,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BHLB. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Berkshire Hills Bancorp by 13.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,423 shares of the savings and loans company's stock worth $361,000 after buying an additional 1,565 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Berkshire Hills Bancorp by 37.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,071 shares of the savings and loans company's stock valued at $998,000 after purchasing an additional 10,022 shares in the last quarter. FMR LLC boosted its stake in shares of Berkshire Hills Bancorp by 3.3% in the 3rd quarter. FMR LLC now owns 15,411 shares of the savings and loans company's stock valued at $415,000 after purchasing an additional 496 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Berkshire Hills Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 137,820 shares of the savings and loans company's stock valued at $3,711,000 after purchasing an additional 6,968 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Berkshire Hills Bancorp during the 3rd quarter worth approximately $215,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Berkshire Hills Bancorp Trading Down 1.3 %

Berkshire Hills Bancorp stock traded down $0.41 during trading hours on Tuesday, hitting $30.32. The stock had a trading volume of 177,701 shares, compared to its average volume of 260,817. The business's 50 day simple moving average is $28.43 and its 200-day simple moving average is $25.97. Berkshire Hills Bancorp, Inc. has a one year low of $20.50 and a one year high of $32.36. 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 stock has a market cap of $1.30 billion, a price-to-earnings ratio of 31.92 and a beta of 0.88.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its quarterly 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 net margin of 5.86% and a return on equity of 8.68%. The firm had revenue of $125.70 million during the quarter, compared to analyst estimates of $119.61 million. During the same quarter last year, the business earned $0.50 EPS. The company's revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Berkshire Hills Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.37%. Berkshire Hills Bancorp's dividend payout ratio (DPR) is currently 75.79%.

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.