Susquehanna International Group LLP lowered its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 45.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,083 shares of the savings and loans company’s stock after selling 32,976 shares during the quarter. Susquehanna International Group LLP owned 0.09% of Berkshire Hills Bancorp worth $1,514,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in Berkshire Hills Bancorp by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock valued at $110,000 after purchasing an additional 318 shares during the period. Quantbot Technologies LP purchased a new stake in Berkshire Hills Bancorp in the second quarter valued at $112,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Berkshire Hills Bancorp by 263.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock valued at $121,000 after purchasing an additional 2,500 shares during the period. BNP Paribas Arbitrage SA raised its position in Berkshire Hills Bancorp by 129.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the savings and loans company’s stock valued at $154,000 after purchasing an additional 2,471 shares during the period. Finally, US Bancorp DE raised its position in Berkshire Hills Bancorp by 68.3% in the second quarter. US Bancorp DE now owns 4,543 shares of the savings and loans company’s stock valued at $160,000 after purchasing an additional 1,843 shares during the period. Institutional investors own 67.29% of the company’s stock.
In other news, Director James Williar Dunlaevy sold 7,455 shares of Berkshire Hills Bancorp stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $39.30, for a total value of $292,981.50. Following the completion of the sale, the director now directly owns 67,747 shares of the company’s stock, valued at $2,662,457.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Carroll sold 2,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $38.50, for a total value of $77,000.00. Following the transaction, the insider now directly owns 7,255 shares of the company’s stock, valued at $279,317.50. The disclosure for this sale can be found here. Insiders own 2.82% of the company’s stock.
A number of equities research analysts have commented on BHLB shares. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, September 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 target price on shares of Berkshire Hills Bancorp in a research report on Tuesday, October 3rd. BidaskClub upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Piper Jaffray Companies restated a “buy” rating and issued a $39.50 target price on shares of Berkshire Hills Bancorp in a research report on Sunday, October 22nd. Finally, Jefferies Group restated a “hold” rating and issued a $38.00 target price on shares of Berkshire Hills Bancorp in a research report on Friday, September 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Berkshire Hills Bancorp has an average rating of “Hold” and a consensus target price of $40.90.
Shares of Berkshire Hills Bancorp, Inc. (BHLB) opened at $38.30 on Friday. Berkshire Hills Bancorp, Inc. has a one year low of $32.85 and a one year high of $40.00. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1,683.94, a price-to-earnings ratio of 16.32 and a beta of 0.68.
Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. The business had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. sell-side analysts predict that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were paid a $0.21 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.19%. Berkshire Hills Bancorp’s payout ratio is presently 45.16%.
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Berkshire Hills Bancorp Profile
Berkshire Hills Bancorp, Inc (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.
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