Berkshire Hills Bancorp, Inc. (NYSE:BHLB) insider Michael D. Carroll sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $38.50, for a total value of $77,000.00. Following the completion of the transaction, the insider now owns 7,255 shares of the company’s stock, valued at approximately $279,317.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) traded up $0.20 during trading hours on Friday, hitting $38.75. The company’s stock had a trading volume of 189,794 shares, compared to its average volume of 178,987. Berkshire Hills Bancorp, Inc. has a 1 year low of $32.85 and a 1 year high of $40.00. The stock has a market cap of $1,750.00, a PE ratio of 16.91 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. The firm had revenue of $100.83 million for the quarter, compared to analysts’ expectations of $107.60 million. equities analysts expect 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 Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 2.17%. Berkshire Hills Bancorp’s payout ratio is currently 45.41%.

Several research firms have weighed in on BHLB. Zacks Investment Research cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Jefferies Group reaffirmed a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a report on Friday, September 15th. Finally, FIG Partners reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a report on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.90.

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its holdings in shares of Berkshire Hills Bancorp by 140.3% during the 3rd quarter. GSA Capital Partners LLP now owns 55,483 shares of the savings and loans company’s stock valued at $2,150,000 after buying an additional 32,394 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Berkshire Hills Bancorp by 1.9% during the 3rd quarter. California Public Employees Retirement System now owns 112,776 shares of the savings and loans company’s stock valued at $4,370,000 after buying an additional 2,076 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Berkshire Hills Bancorp by 47.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,659 shares of the savings and loans company’s stock valued at $413,000 after buying an additional 3,441 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Berkshire Hills Bancorp during the 3rd quarter valued at about $294,000. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Berkshire Hills Bancorp by 19.2% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 122,824 shares of the savings and loans company’s stock valued at $4,758,000 after buying an additional 19,800 shares in the last quarter. 66.27% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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