Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Director Paul T. Bossidy purchased 500 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was bought at an average cost of $38.65 per share, for a total transaction of $19,325.00. Following the completion of the purchase, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $298,687.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Berkshire Hills Bancorp, Inc. (BHLB) traded down $0.55 during trading on Wednesday, reaching $38.05. 293,700 shares of the company’s stock traded hands, compared to its average volume of 212,339. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market capitalization of $1,747.32, a P/E ratio of 16.93 and a beta of 0.68. Berkshire Hills Bancorp, Inc. has a 52-week low of $32.85 and a 52-week high of $40.00.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its earnings results on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The firm had revenue of $100.83 million for the quarter, compared to the consensus estimate of $107.60 million. Berkshire Hills Bancorp had a net margin of 15.54% and a return on equity of 6.93%. equities research analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.21%. The ex-dividend date was Wednesday, November 8th. Berkshire Hills Bancorp’s payout ratio is 45.16%.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, September 25th. BidaskClub raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a research note on Tuesday, October 3rd. FIG Partners reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, September 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, October 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.90.

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in Berkshire Hills Bancorp by 11.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock worth $110,000 after buying an additional 318 shares during the last quarter. Quantbot Technologies LP acquired a new position in Berkshire Hills Bancorp during the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Berkshire Hills Bancorp by 263.2% during 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. BNP Paribas Arbitrage SA increased its position in Berkshire Hills Bancorp by 129.9% during 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. Finally, US Bancorp DE increased its position in Berkshire Hills Bancorp by 68.3% during the second quarter. US Bancorp DE now owns 4,543 shares of the savings and loans company’s stock worth $160,000 after buying an additional 1,843 shares during the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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