LSV Asset Management lifted its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,053,520 shares of the savings and loans company’s stock after buying an additional 29,100 shares during the quarter. LSV Asset Management owned about 2.82% of Berkshire Hills Bancorp worth $37,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of BHLB. Ameritas Investment Partners Inc. acquired a new stake in shares of Berkshire Hills Bancorp in the first quarter worth $101,000. New York State Teachers Retirement System lifted its stake in shares of Berkshire Hills Bancorp by 7.4% in the first quarter. New York State Teachers Retirement System now owns 2,900 shares of the savings and loans company’s stock worth $105,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Berkshire Hills Bancorp in the first quarter worth $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 worth $121,000 after buying an additional 2,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of 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 worth $154,000 after buying an additional 2,471 shares during the last quarter. Institutional investors and hedge funds own 74.11% of the company’s stock.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) opened at 33.50 on Monday. The company’s 50-day moving average is $34.75 and its 200-day moving average is $35.51. Berkshire Hills Bancorp, Inc. has a 12 month low of $26.45 and a 12 month high of $38.65. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 18.50 and a beta of 0.65.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings results on Wednesday, July 19th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.03%. The business had revenue of $102.34 million during the quarter, compared to the consensus estimate of $102.75 million. On average, equities research analysts anticipate that Berkshire Hills Bancorp, Inc. will post $2.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.51%. The ex-dividend date was Tuesday, August 8th. Berkshire Hills Bancorp’s dividend payout ratio is 46.15%.

A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Piper Jaffray Companies raised shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 target price on the stock in a research report on Thursday. Zacks Investment Research lowered shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. FIG Partners raised shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 target price on shares of Berkshire Hills Bancorp in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.50.

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In other Berkshire Hills Bancorp news, insider Michael P. Daly sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $33.78, for a total transaction of $844,500.00. Following the completion of the sale, the insider now owns 103,670 shares of the company’s stock, valued at approximately $3,501,972.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Murphy purchased 1,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $34.25 per share, with a total value of $34,250.00. Following the acquisition, the director now directly owns 9,668 shares in the company, valued at $331,129. The disclosure for this purchase can be found here. Company insiders own 1.71% of the company’s stock.

Berkshire Hills Bancorp Company 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.

Institutional Ownership by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

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