Vanguard Group Inc. Has $146.47 Million Stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Vanguard Group Inc. increased its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,152,068 shares of the savings and loans company's stock after buying an additional 11,365 shares during the quarter. Vanguard Group Inc. owned 11.99% of Berkshire Hills Bancorp worth $146,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in Berkshire Hills Bancorp by 3.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,241 shares of the savings and loans company's stock worth $376,000 after acquiring an additional 382 shares during the last quarter. FMR LLC grew its stake in shares of Berkshire Hills Bancorp by 3.3% in 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 last quarter. Smartleaf Asset Management LLC increased its holdings in Berkshire Hills Bancorp by 282.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock valued at $31,000 after purchasing an additional 821 shares during the period. KBC Group NV raised its position in Berkshire Hills Bancorp by 57.8% during the 4th quarter. KBC Group NV now owns 2,869 shares of the savings and loans company's stock worth $82,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 during the period. Institutional investors own 83.07% of the company's stock.

Insider Activity at Berkshire Hills Bancorp

In related news, EVP Ellen Tulchiner sold 1,052 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $29.97, for a total value of $31,528.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BHLB shares. Royal Bank of Canada reissued 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. 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. Piper Sandler upgraded shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 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. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Berkshire Hills Bancorp currently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Berkshire Hills Bancorp Trading Down 0.3 %

BHLB traded down $0.08 during trading on Friday, hitting $22.90. The company's stock had a trading volume of 617,101 shares, compared to its average volume of 351,811. The firm has a market capitalization of $1.06 billion, a P/E ratio of 15.90 and a beta of 0.58. Berkshire Hills Bancorp, Inc. has a twelve month low of $20.50 and a twelve month high of $32.36. The stock's fifty day moving average price is $26.88 and its 200-day moving average price is $28.05. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current year.

Berkshire Hills Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.18 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. Berkshire Hills Bancorp's dividend payout ratio is presently 50.00%.

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.