Jane Street Group LLC bought a new position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 7,592 shares of the savings and loans company’s stock, valued at approximately $294,000.
A number of other hedge funds have also made changes to their positions in BHLB. Ameritas Investment Partners Inc. raised its holdings in Berkshire Hills Bancorp by 11.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 318 shares during the period. Quantbot Technologies LP acquired a new position in Berkshire Hills Bancorp in the 2nd quarter worth about $112,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Berkshire Hills Bancorp by 263.2% during 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 acquiring an additional 2,500 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Berkshire Hills Bancorp by 129.9% during 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 acquiring an additional 2,471 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Berkshire Hills Bancorp by 68.3% during the second quarter. US Bancorp DE now owns 4,543 shares of the savings and loans company’s stock valued at $160,000 after acquiring an additional 1,843 shares during the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.
Berkshire Hills Bancorp, Inc. (BHLB) traded up $0.05 on Friday, hitting $38.30. The stock had a trading volume of 105,757 shares, compared to its average volume of 216,226. The stock has a market capitalization of $1,730.00, a price-to-earnings ratio of 20.70 and a beta of 0.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.91. Berkshire Hills Bancorp, Inc. has a 1-year low of $32.85 and a 1-year high of $40.00.
Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analysts’ expectations of $107.60 million. research analysts expect that Berkshire Hills Bancorp, Inc. will post 2.28 earnings per share for the current year.
In related news, insider Michael D. Carroll sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $38.50, for a total transaction of $77,000.00. Following the transaction, the insider now owns 7,255 shares of the company’s stock, valued at $279,317.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William J. Ryan purchased 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of $37.87 per share, for a total transaction of $113,610.00. The disclosure for this purchase can be found here. 2.82% of the stock is owned by company insiders.
A number of equities analysts have commented on BHLB shares. Zacks Investment Research cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub lowered Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Jefferies Group restated a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a research report on Friday, September 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $42.50 price objective on shares of Berkshire Hills Bancorp in a research report on Tuesday. Finally, FIG Partners reiterated an “outperform” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, September 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Berkshire Hills Bancorp presently has an average rating of “Buy” and a consensus target price of $41.30.
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About Berkshire Hills Bancorp
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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