GSA Capital Partners LLP lowered its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 21.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,089 shares of the savings and loans company’s stock after selling 6,268 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Berkshire Hills Bancorp worth $812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BHLB. Russell Investments Group Ltd. increased its holdings in shares of Berkshire Hills Bancorp by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 52,397 shares of the savings and loans company’s stock valued at $1,889,000 after acquiring an additional 279 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Berkshire Hills Bancorp by 115.1% during the first quarter. Wells Fargo & Company MN now owns 82,145 shares of the savings and loans company’s stock valued at $2,963,000 after acquiring an additional 43,960 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Berkshire Hills Bancorp by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 313,219 shares of the savings and loans company’s stock valued at $11,292,000 after acquiring an additional 13,596 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Berkshire Hills Bancorp during the first quarter valued at about $695,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Berkshire Hills Bancorp during the first quarter valued at about $101,000. Hedge funds and other institutional investors own 74.09% of the company’s stock.

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Several equities analysts recently weighed in on BHLB shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a report on Tuesday. BidaskClub upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research downgraded shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. FIG Partners reiterated an “outperform” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a report on Wednesday, September 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Berkshire Hills Bancorp has an average rating of “Buy” and an average target price of $38.08.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) opened at 37.90 on Thursday. Berkshire Hills Bancorp, Inc. has a one year low of $27.25 and a one year high of $39.75. The firm has a market cap of $1.51 billion, a P/E ratio of 20.93 and a beta of 0.67. The company has a 50-day moving average of $35.00 and a 200 day moving average of $35.65.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings results on Wednesday, July 19th. The savings and loans company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $102.34 million for the quarter, compared to analyst estimates of $102.75 million. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.03%. Equities research analysts expect that Berkshire Hills Bancorp, Inc. will post $2.26 earnings per share for the current fiscal year.

In other Berkshire Hills Bancorp news, EVP Richard M. Marotta sold 9,500 shares of Berkshire Hills Bancorp stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $33.32, for a total transaction of $316,540.00. Following the transaction, the executive vice president now owns 28,523 shares of the company’s stock, valued at $950,386.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael P. Daly sold 25,000 shares of Berkshire Hills Bancorp stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $33.78, for a total value of $844,500.00. Following the transaction, the insider now directly owns 103,670 shares in the company, valued at approximately $3,501,972.60. The disclosure for this sale can be found here. Insiders own 2.82% of the company’s stock.

About Berkshire Hills Bancorp

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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