Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) Director James Williar Dunlaevy sold 30,000 shares of Berkshire Hills Bancorp stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $30.41, for a total value of $912,300.00. Following the completion of the transaction, the director now owns 89,003 shares in the company, valued at approximately $2,706,581.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, November 7th, James Williar Dunlaevy sold 15,000 shares of Berkshire Hills Bancorp stock. The shares were sold at an average price of $29.87, for a total value of $448,050.00.
  • On Wednesday, November 2nd, James Williar Dunlaevy sold 15,000 shares of Berkshire Hills Bancorp stock. The shares were sold at an average price of $29.33, for a total value of $439,950.00.
  • On Tuesday, November 1st, James Williar Dunlaevy sold 15,000 shares of Berkshire Hills Bancorp stock. The shares were sold at an average price of $29.52, for a total value 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 value of $570,958.80.

Shares of Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) opened at 32.40 on Tuesday. Berkshire Hills Bancorp, Inc. has a 12-month low of $24.71 and a 12-month high of $32.70. The stock’s 50 day moving average price is $28.58 and its 200 day moving average price is $27.44. The company has a market capitalization of $992.31 million and a PE ratio of 15.49.

Berkshire Hills Bancorp (NASDAQ:BHLB) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $76.90 million for the quarter, compared to the consensus estimate of $58.75 million. On average, equities research analysts forecast that Berkshire Hills Bancorp, Inc. will post $2.20 earnings per share for the current year.

Insider Buying and Selling by Quarter for Berkshire Hills Bancorp (NASDAQ:BHLB)

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, November 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%.

A number of research analysts have issued reports on BHLB shares. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “strong sell” rating to a “hold” rating and set a $33.00 target price on the stock in a research report on Thursday, October 27th. Jefferies Group restated a “hold” rating on shares of Berkshire Hills Bancorp in a report on Monday, August 1st. Finally, Compass Point cut Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $29.00 to $24.00 in a report on Tuesday, July 26th.

A number of hedge funds have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of Berkshire Hills Bancorp by 0.5% in the second quarter. American International Group Inc. now owns 17,717 shares of the company’s stock worth $477,000 after buying an additional 95 shares during the period. Foundry Partners LLC boosted its stake in shares of Berkshire Hills Bancorp by 0.3% in the third quarter. Foundry Partners LLC now owns 115,594 shares of the company’s stock worth $3,203,000 after buying an additional 289 shares during the period. Rhumbline Advisers boosted its stake in shares of Berkshire Hills Bancorp by 1.1% in the third quarter. Rhumbline Advisers now owns 35,792 shares of the company’s stock worth $992,000 after buying an additional 400 shares during the period. California State Teachers Retirement System boosted its stake in shares of 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 worth $1,802,000 after buying an additional 500 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 worth $601,000 after buying an additional 510 shares during the period.

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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