Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Director Patrick J. Sheehan sold 28,100 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $30.55, for a total value of $858,455.00. Following the transaction, the director now directly owns 2,226 shares in the company, valued at $68,004.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of BHLB opened at $28.94 on Thursday. The firm has a market cap of $1.36 billion, a PE ratio of 10.68 and a beta of 1.08. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Berkshire Hills Bancorp, Inc. has a one year low of $25.77 and a one year high of $44.25.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings results on Wednesday, January 23rd. The savings and loans company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.03). The business had revenue of $114.47 million for the quarter, compared to analyst estimates of $118.05 million. Berkshire Hills Bancorp had a net margin of 18.20% and a return on equity of 8.44%. Sell-side analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Berkshire Hills Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, February 13th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 33.95%.

A number of research analysts have recently commented on the company. Compass Point lowered Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and set a $38.00 price target on the stock. in a report on Tuesday, January 8th. Zacks Investment Research raised Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Finally, TheStreet lowered Berkshire Hills Bancorp from a “b-” rating to a “c+” rating in a report on Friday, January 4th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.00.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Berkshire Hills Bancorp by 4.0% during the fourth quarter. BlackRock Inc. now owns 6,180,539 shares of the savings and loans company’s stock worth $166,688,000 after acquiring an additional 237,601 shares during the period. Dimensional Fund Advisors LP grew its holdings in Berkshire Hills Bancorp by 4.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,821,362 shares of the savings and loans company’s stock worth $155,529,000 after acquiring an additional 153,198 shares during the period. Vanguard Group Inc. grew its holdings in Berkshire Hills Bancorp by 2.6% during the third quarter. Vanguard Group Inc. now owns 3,794,369 shares of the savings and loans company’s stock worth $154,431,000 after acquiring an additional 97,393 shares during the period. Vanguard Group Inc grew its holdings in Berkshire Hills Bancorp by 2.6% during the third quarter. Vanguard Group Inc now owns 3,794,369 shares of the savings and loans company’s stock worth $154,431,000 after acquiring an additional 97,393 shares during the period. Finally, LSV Asset Management grew its holdings in Berkshire Hills Bancorp by 0.5% during the fourth quarter. LSV Asset Management now owns 1,344,723 shares of the savings and loans company’s stock worth $36,267,000 after acquiring an additional 6,486 shares during the period. 74.03% 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 operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans.

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