Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) Director James Williar Dunlaevy sold 15,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $29.87, for a total transaction of $448,050.00. Following the sale, the director now directly owns 74,003 shares of the company’s stock, valued at approximately $2,210,469.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

James Williar Dunlaevy also recently made the following trade(s):

  • On Wednesday, November 9th, James Williar Dunlaevy sold 30,000 shares of Berkshire Hills Bancorp stock. The stock was sold at an average price of $30.41, for a total transaction of $912,300.00.
  • On Wednesday, November 2nd, James Williar Dunlaevy sold 15,000 shares of Berkshire Hills Bancorp stock. The stock was sold at an average price of $29.33, for a total transaction of $439,950.00.
  • On Tuesday, November 1st, James Williar Dunlaevy sold 15,000 shares of Berkshire Hills Bancorp stock. The stock was sold at an average price of $29.52, for a total transaction of $442,800.00.
  • On Thursday, October 27th, James Williar Dunlaevy sold 19,540 shares of Berkshire Hills Bancorp stock. The shares were sold at an average price of $29.22, for a total transaction of $570,958.80.

Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) opened at 31.30 on Friday. The firm has a 50-day moving average of $28.46 and a 200 day moving average of $27.41. The firm has a market capitalization of $958.44 million and a price-to-earnings ratio of 14.97. Berkshire Hills Bancorp, Inc. has a 12-month low of $24.71 and a 12-month high of $31.50.

Berkshire Hills Bancorp (NASDAQ:BHLB) last released its earnings results on Monday, October 24th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm earned $76.90 million during the quarter, compared to analyst estimates of $58.75 million. On average, equities analysts predict that Berkshire Hills Bancorp, Inc. will post $2.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, November 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, November 8th.

Hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Berkshire Hills Bancorp by 0.5% in the second quarter. American International Group Inc. now owns 17,717 shares of the company’s stock valued at $477,000 after buying an additional 95 shares during the period. Foundry Partners LLC boosted its stake in Berkshire Hills Bancorp by 0.3% in the third quarter. Foundry Partners LLC now owns 115,594 shares of the company’s stock valued at $3,203,000 after buying an additional 289 shares during the period. Rhumbline Advisers boosted its stake in Berkshire Hills Bancorp by 1.1% in the third quarter. Rhumbline Advisers now owns 35,792 shares of the company’s stock valued at $992,000 after buying an additional 400 shares during the period. California State Teachers Retirement System boosted its stake in Berkshire Hills Bancorp by 0.8% in the third quarter. California State Teachers Retirement System now owns 65,036 shares of the company’s stock valued at $1,802,000 after buying an additional 500 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Berkshire Hills Bancorp by 2.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,311 shares of the company’s stock valued at $601,000 after buying an additional 510 shares during the period.

Several brokerages recently issued reports on BHLB. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “strong sell” rating to a “hold” rating and set a $33.00 price objective for the company in a research note on Thursday, October 27th. Compass Point raised shares of Berkshire Hills Bancorp from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 25th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Berkshire Hills Bancorp in a research note on Monday, August 1st.

Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc (Berkshire) is the 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. Its product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

5 Day Chart for NASDAQ:BHLB

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