Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) insider Michael D. Carroll sold 500 shares of Berkshire Hills Bancorp stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $32.61, for a total value of $16,305.00. Following the transaction, the insider now owns 7,012 shares of the company’s stock, valued at approximately $228,661.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) opened at 32.65 on Wednesday. The firm’s 50-day moving average price is $28.58 and its 200-day moving average price is $27.44. Berkshire Hills Bancorp, Inc. has a 1-year low of $24.71 and a 1-year high of $32.75. The firm has a market cap of $999.97 million and a P/E ratio of 15.61.

Berkshire Hills Bancorp (NASDAQ:BHLB) last issued its quarterly earnings data on Monday, October 24th. The company reported $0.57 EPS for the quarter, beating 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. Equities research analysts anticipate that Berkshire Hills Bancorp, Inc. will post $2.20 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, November 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, November 8th.

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Berkshire Hills Bancorp during the third quarter valued at approximately $122,000. Sit Investment Associates Inc. increased its position in shares of Berkshire Hills Bancorp by 31.2% in the third quarter. Sit Investment Associates Inc. now owns 4,525 shares of the company’s stock valued at $125,000 after buying an additional 1,075 shares during the period. Acrospire Investment Management LLC increased its position in shares of Berkshire Hills Bancorp by 95.7% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the company’s stock valued at $125,000 after buying an additional 2,200 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Berkshire Hills Bancorp during the third quarter valued at approximately $157,000. Finally, Menta Capital LLC purchased a new position in shares of Berkshire Hills Bancorp during the second quarter valued at approximately $207,000.

A number of equities analysts have issued reports on the company. Piper Jaffray Cos. downgraded Berkshire Hills Bancorp from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “strong sell” rating to a “hold” rating and set a $33.00 price target for the company in a research note on Thursday, October 27th. Compass Point upgraded Berkshire Hills Bancorp from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 25th. Finally, Jefferies Group reiterated a “hold” rating on shares of Berkshire Hills Bancorp in a research note on Monday, August 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Berkshire Hills Bancorp has a consensus rating of “Hold” and a consensus target price of $30.00.

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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