SG Americas Securities LLC Trims Position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

SG Americas Securities LLC decreased its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 42.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,368 shares of the savings and loans company's stock after selling 9,778 shares during the period. SG Americas Securities LLC's holdings in Berkshire Hills Bancorp were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Berkshire Hills Bancorp by 0.9% in 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 period. Wellington Management Group LLP increased its stake in shares of Berkshire Hills Bancorp by 21.4% in the third 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 during the period. Systematic Financial Management LP boosted its position in Berkshire Hills Bancorp by 13.7% during the 3rd quarter. Systematic Financial Management LP now owns 952,627 shares of the savings and loans company's stock valued at $25,654,000 after buying an additional 114,433 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Berkshire Hills Bancorp by 28.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 340,694 shares of the savings and loans company's stock worth $9,175,000 after purchasing an additional 75,476 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in Berkshire Hills Bancorp during the 4th quarter valued at about $6,672,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp Stock Down 1.4 %

NYSE:BHLB traded down $0.42 during trading hours on Friday, reaching $30.06. 300,094 shares of the company traded hands, compared to its average volume of 400,836. 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 business's 50-day moving average price is $28.97 and its two-hundred day moving average price is $28.03. Berkshire Hills Bancorp, Inc. has a 1 year low of $20.50 and a 1 year high of $32.36. The stock has a market capitalization of $1.29 billion, a P/E ratio of 20.88 and a beta of 0.88.

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 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%. Analysts predict that Berkshire Hills Bancorp, Inc. will post 2.48 earnings per share for the current year.

Berkshire Hills Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. Berkshire Hills Bancorp's dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Seaport Res Ptn raised Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Piper Sandler raised Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods increased their target price on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the stock a "market perform" rating in a research report on Tuesday, December 24th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $31.00 target price on shares of Berkshire Hills Bancorp in a report on Friday, January 31st. Four investment 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

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.