GSA Capital Partners LLP increased its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 140.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,483 shares of the savings and loans company’s stock after purchasing an additional 32,394 shares during the quarter. GSA Capital Partners LLP owned approximately 0.12% of Berkshire Hills Bancorp worth $2,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BHLB. Royal Bank of Canada raised its stake in Berkshire Hills Bancorp by 4.3% in the second quarter. Royal Bank of Canada now owns 5,155 shares of the savings and loans company’s stock valued at $182,000 after buying an additional 212 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Berkshire Hills Bancorp by 0.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 51,800 shares of the savings and loans company’s stock valued at $1,821,000 after buying an additional 300 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Berkshire Hills Bancorp by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock valued at $110,000 after buying an additional 318 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Berkshire Hills Bancorp by 4.8% in the second quarter. PNC Financial Services Group Inc. now owns 8,690 shares of the savings and loans company’s stock valued at $306,000 after buying an additional 400 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Berkshire Hills Bancorp by 7.3% in the second quarter. Legal & General Group Plc now owns 8,539 shares of the savings and loans company’s stock valued at $300,000 after buying an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 67.29% of the company’s stock.

BHLB has been the subject of a number of research analyst reports. Piper Jaffray Companies upgraded Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 price target for the company in a research note on Thursday, September 7th. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, September 11th. BidaskClub upgraded Berkshire Hills Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Jefferies Group reiterated a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a research note on Friday, September 15th. Finally, FIG Partners reiterated an “outperform” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Berkshire Hills Bancorp has an average rating of “Hold” and a consensus target price of $40.90.

In other news, Director James Williar Dunlaevy sold 7,455 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $39.30, for a total value of $292,981.50. Following the completion of the transaction, the director now directly owns 67,747 shares in the company, valued at $2,662,457.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 $279,317.50. The disclosure for this sale can be found here. Company insiders own 2.82% of the company’s stock.

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) opened at $38.30 on Friday. Berkshire Hills Bancorp, Inc. has a 12 month low of $32.85 and a 12 month high of $40.00. The stock has a market capitalization of $1,683.94, a PE ratio of 16.32 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $107.60 million. research analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Wednesday, November 8th. Berkshire Hills Bancorp’s payout ratio is 45.16%.

COPYRIGHT VIOLATION NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/16/gsa-capital-partners-llp-has-2-15-million-position-in-berkshire-hills-bancorp-inc-bhlb.html.

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)

Receive News & Stock Ratings for Berkshire Hills Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hills Bancorp and related stocks with our FREE daily email newsletter.