Rothschild Asset Management Inc. cut its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,479 shares of the savings and loans company’s stock after selling 44,898 shares during the period. Rothschild Asset Management Inc. owned approximately 0.74% of Berkshire Hills Bancorp worth $11,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System boosted its holdings in shares of Berkshire Hills Bancorp by 7.4% during the first quarter. New York State Teachers Retirement System now owns 2,900 shares of the savings and loans company’s stock worth $105,000 after acquiring an additional 200 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of 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 in the last quarter. Quantbot Technologies LP acquired a new position in shares of Berkshire Hills Bancorp during the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.

Several research analysts have recently issued reports on BHLB shares. Piper Jaffray Companies reiterated a “buy” rating and set a $39.50 price target on shares of Berkshire Hills Bancorp in a report on Sunday, October 22nd. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday, September 11th. Jefferies Group LLC restated a “hold” rating and issued a $38.00 price objective on shares of Berkshire Hills Bancorp in a report on Friday, September 15th. BidaskClub upgraded Berkshire Hills Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, FIG Partners restated an “outperform” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.90.

Shares of Berkshire Hills Bancorp, Inc. (BHLB) opened at $37.15 on Friday. The firm has a market capitalization of $1,670.00, a price-to-earnings ratio of 16.45 and a beta of 0.69. Berkshire Hills Bancorp, Inc. has a 1-year low of $32.85 and a 1-year high of $40.00. 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 issued its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The business had revenue of $100.83 million for the quarter, compared to analysts’ expectations of $107.60 million. Berkshire Hills Bancorp had a net margin of 15.54% and a return on equity of 6.93%. equities analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current fiscal year.

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.26%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is currently 45.41%.

In other Berkshire Hills Bancorp news, insider Michael P. Daly sold 25,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $33.78, for a total transaction of $844,500.00. Following the sale, the insider now owns 103,670 shares of the company’s stock, valued at $3,501,972.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.82% of the company’s stock.

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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.

Institutional Ownership by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

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