28,913 Shares in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,913 shares of the savings and loans company's stock, valued at approximately $822,000. Proficio Capital Partners LLC owned about 0.07% of Berkshire Hills Bancorp at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. FMR LLC raised its stake in 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 worth $415,000 after purchasing an additional 496 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Berkshire Hills Bancorp by 282.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock valued at $31,000 after buying an additional 821 shares during the period. KBC Group NV lifted its holdings in Berkshire Hills Bancorp by 57.8% in the fourth 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in Berkshire Hills Bancorp in the third quarter worth approximately $34,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Berkshire Hills Bancorp by 13.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,423 shares of the savings and loans company's stock worth $361,000 after acquiring an additional 1,565 shares during the last quarter. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Berkshire Hills Bancorp news, EVP Ellen Tulchiner sold 1,052 shares of the stock in a transaction that occurred 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 SEC, which is available through this link. Company insiders own 1.02% of the company's stock.

Berkshire Hills Bancorp Trading Up 0.2 %

Berkshire Hills Bancorp stock traded up $0.05 during midday trading on Wednesday, reaching $26.71. 276,382 shares of the stock traded hands, compared to its average volume of 301,877. The firm has a market cap of $1.24 billion, a PE ratio of 18.55 and a beta of 0.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $28.10 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.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.60 EPS 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%. Research analysts expect that Berkshire Hills Bancorp, Inc. will post 2.52 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 Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, February 20th. Berkshire Hills Bancorp's payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $31.00 price target on shares of Berkshire Hills Bancorp in a research note on Friday, January 31st. Piper Sandler raised shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods lifted their price target on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a "market perform" rating in a research report on Tuesday, December 24th. Finally, Seaport Res Ptn upgraded shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. Four research 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.13.

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.