Century Capital Management LLC trimmed its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 54.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,848 shares of the savings and loans company’s stock after selling 30,573 shares during the quarter. Century Capital Management LLC owned 0.07% of Berkshire Hills Bancorp worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Berkshire Hills Bancorp by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,820,741 shares of the savings and loans company’s stock valued at $101,688,000 after purchasing an additional 179,787 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Berkshire Hills Bancorp by 10.2% in the first quarter. Vanguard Group Inc. now owns 2,584,068 shares of the savings and loans company’s stock valued at $93,155,000 after acquiring an additional 239,543 shares during the last quarter. State Street Corp raised its stake in shares of Berkshire Hills Bancorp by 21.5% in the first quarter. State Street Corp now owns 1,056,853 shares of the savings and loans company’s stock valued at $38,096,000 after acquiring an additional 186,950 shares during the last quarter. LSV Asset Management raised its stake in shares of Berkshire Hills Bancorp by 2.8% in the second quarter. LSV Asset Management now owns 1,053,520 shares of the savings and loans company’s stock valued at $37,031,000 after acquiring an additional 29,100 shares during the last quarter. Finally, Rothschild Asset Management Inc. raised its stake in shares of Berkshire Hills Bancorp by 1.5% in the first quarter. Rothschild Asset Management Inc. now owns 722,940 shares of the savings and loans company’s stock valued at $26,062,000 after acquiring an additional 10,640 shares during the last quarter. 74.11% of the stock is currently owned by institutional investors.

BHLB has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. FIG Partners upgraded shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 23rd. BidaskClub cut shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $38.00 target price on shares of Berkshire Hills Bancorp in a research note on Monday, May 15th. Finally, Piper Jaffray Companies upgraded shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 target price for the company in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.30.

Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) opened at 33.95 on Tuesday. Berkshire Hills Bancorp, Inc. has a 12-month low of $26.45 and a 12-month high of $38.65. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 18.75 and a beta of 0.65. The firm’s 50-day moving average is $34.71 and its 200-day moving average is $35.50.

Berkshire Hills Bancorp (NYSE:BHLB) last released 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 Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $102.34 million during the quarter, compared to the consensus estimate of $102.75 million. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 6.93%. Analysts predict that Berkshire Hills Bancorp, Inc. will post $2.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, August 8th. Berkshire Hills Bancorp’s payout ratio is currently 46.15%.

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

Berkshire Hills Bancorp 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.

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

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