Citadel Advisors LLC grew its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 989.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,413 shares of the savings and loans company’s stock after acquiring an additional 67,583 shares during the period. Citadel Advisors LLC owned about 0.20% of Berkshire Hills Bancorp worth $2,615,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BHLB. Russell Investments Group Ltd. raised its stake in shares of Berkshire Hills Bancorp by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 52,397 shares of the savings and loans company’s stock valued at $1,889,000 after acquiring an additional 279 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Berkshire Hills Bancorp by 115.1% during the first quarter. Wells Fargo & Company MN now owns 82,145 shares of the savings and loans company’s stock valued at $2,963,000 after acquiring an additional 43,960 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Berkshire Hills Bancorp by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 313,219 shares of the savings and loans company’s stock valued at $11,292,000 after acquiring an additional 13,596 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Berkshire Hills Bancorp during the first quarter valued at approximately $695,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Berkshire Hills Bancorp during the first quarter valued at approximately $101,000. 74.09% of the stock is owned by hedge funds and other institutional investors.

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Several analysts have recently weighed in on BHLB shares. Zacks Investment Research raised shares of 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 downgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 price target on shares of Berkshire Hills Bancorp in a research note on Friday, September 15th. Finally, Piper Jaffray Companies raised shares of 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $38.25.

In other Berkshire Hills Bancorp news, EVP Richard M. Marotta sold 9,500 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $33.32, for a total transaction of $316,540.00. Following the sale, the executive vice president now directly owns 28,523 shares in the company, valued at approximately $950,386.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael P. Daly sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was 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 in the company, valued at $3,501,972.60. The disclosure for this sale can be found here. 2.82% of the stock is owned by corporate insiders.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) opened at 38.75 on Friday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.40 and a beta of 0.65. Berkshire Hills Bancorp, Inc. has a one year low of $26.80 and a one year high of $39.00. The company’s 50-day moving average is $34.32 and its 200 day moving average is $35.44.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings data on Wednesday, July 19th. The savings and loans company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 6.93%. The firm had revenue of $102.34 million for the quarter, compared to analyst estimates of $102.75 million. Equities analysts expect that Berkshire Hills Bancorp, Inc. will post $2.26 EPS for the current year.

Berkshire Hills Bancorp 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)

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