Thrivent Financial for Lutherans Decreases Stock Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Thrivent Financial for Lutherans trimmed its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 24.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,938 shares of the savings and loans company's stock after selling 28,264 shares during the period. Thrivent Financial for Lutherans owned 0.20% of Berkshire Hills Bancorp worth $2,315,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in Berkshire Hills Bancorp by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,799 shares of the savings and loans company's stock worth $520,000 after buying an additional 1,071 shares during the period. nVerses Capital LLC lifted its position in shares of Berkshire Hills Bancorp by 233.3% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the savings and loans company's stock valued at $54,000 after acquiring an additional 1,400 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Berkshire Hills Bancorp by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,988 shares of the savings and loans company's stock worth $734,000 after acquiring an additional 1,753 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Berkshire Hills Bancorp by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,879 shares of the savings and loans company's stock worth $134,000 after purchasing an additional 2,169 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Berkshire Hills Bancorp by 2.3% during the 2nd quarter. Sei Investments Co. now owns 99,677 shares of the savings and loans company's stock valued at $2,273,000 after purchasing an additional 2,257 shares during the period. 83.07% of the stock is owned by institutional investors.

Berkshire Hills Bancorp Price Performance

NYSE BHLB traded down $0.08 during trading hours on Thursday, reaching $30.90. The company's stock had a trading volume of 159,789 shares, compared to its average volume of 256,254. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Berkshire Hills Bancorp, Inc. has a 1 year low of $20.50 and a 1 year high of $32.36. The firm's 50-day moving average price is $28.24 and its 200-day moving average price is $25.79. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 32.56 and a beta of 0.86.

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

Berkshire Hills Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.33%. Berkshire Hills Bancorp's dividend payout ratio (DPR) is 75.79%.

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.