Eagle Boston Investment Management Inc. increased its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 5.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 303,138 shares of the savings and loans company’s stock after acquiring an additional 15,610 shares during the quarter. Eagle Boston Investment Management Inc.’s holdings in Berkshire Hills Bancorp were worth $11,504,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. boosted its position in Berkshire Hills Bancorp by 564.0% during the 4th quarter. Advisor Group Inc. now owns 2,875 shares of the savings and loans company’s stock worth $105,000 after buying an additional 2,442 shares during the period. Envestnet Asset Management Inc. raised its holdings in Berkshire Hills Bancorp by 236.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,162 shares of the savings and loans company’s stock worth $116,000 after purchasing an additional 2,222 shares during the last quarter. SG Americas Securities LLC bought a new position in Berkshire Hills Bancorp during the 1st quarter worth approximately $159,000. Intrust Bank NA bought a new position in Berkshire Hills Bancorp during the 4th quarter worth approximately $212,000. Finally, Pitcairn Co. bought a new position in Berkshire Hills Bancorp during the 4th quarter worth approximately $214,000. Institutional investors and hedge funds own 69.45% of the company’s stock.

BHLB has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Friday, April 6th. ValuEngine lowered shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Berkshire Hills Bancorp presently has an average rating of “Hold” and a consensus price target of $41.50.

Berkshire Hills Bancorp stock opened at $39.05 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.89. Berkshire Hills Bancorp, Inc. has a 52-week low of $38.05 and a 52-week high of $38.40. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 15.92 and a beta of 0.66.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings results on Monday, April 23rd. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. The firm had revenue of $114.99 million during the quarter, compared to analyst estimates of $118.90 million. Berkshire Hills Bancorp had a net margin of 12.82% and a return on equity of 7.39%. analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, May 10th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, May 9th. This represents a $0.88 annualized dividend and a dividend yield of 2.25%. Berkshire Hills Bancorp’s dividend payout ratio is currently 38.43%.

Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc operates as a bank holding company, which engages in the provision of community banking services. The firm’s loan portfolio comprises of the following: commercial real estate; commercial and industrial; residential mortgage; and consumer. It also offers savings and checking accounts, deposits, lending, mortgages loans, insurance, and wealth management products.

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

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