Eagle Boston Investment Management Inc. decreased its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,074 shares of the savings and loans company’s stock after selling 659 shares during the period. Eagle Boston Investment Management Inc. owned 0.71% of Berkshire Hills Bancorp worth $9,282,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Teachers Advisors LLC increased its position in Berkshire Hills Bancorp by 6.6% in the fourth quarter. Teachers Advisors LLC now owns 66,894 shares of the savings and loans company’s stock valued at $2,465,000 after buying an additional 4,134 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Berkshire Hills Bancorp during the fourth quarter worth approximately $1,128,000. First Manhattan Co. increased its position in Berkshire Hills Bancorp by 5,133.3% in the first quarter. First Manhattan Co. now owns 39,250 shares of the savings and loans company’s stock worth $1,087,000 after buying an additional 38,500 shares during the period. Russell Investments Group Ltd. increased its position in Berkshire Hills Bancorp by 0.5% in the first quarter. Russell Investments Group Ltd. now owns 52,397 shares of the savings and loans company’s stock worth $1,889,000 after buying an additional 279 shares during the period. Finally, Wells Fargo & Company MN increased its position in Berkshire Hills Bancorp by 115.1% in the first quarter. Wells Fargo & Company MN now owns 82,145 shares of the savings and loans company’s stock worth $2,963,000 after buying an additional 43,960 shares during the period. Institutional investors and hedge funds own 74.11% of the company’s stock.

Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) traded up 1.116% on Thursday, hitting $33.975. 20,558 shares of the stock traded hands. The company has a market cap of $1.36 billion, a PE ratio of 18.760 and a beta of 0.63. Berkshire Hills Bancorp, Inc. has a 12 month low of $26.45 and a 12 month high of $38.65. The firm’s 50 day moving average is $35.37 and its 200-day moving average is $35.62.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings results on Wednesday, July 19th. The savings and loans company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $102.34 million during the quarter, compared to analysts’ expectations of $102.75 million. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.03%. Equities analysts predict that Berkshire Hills Bancorp, Inc. will post $2.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a $0.21 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 2.50%. Berkshire Hills Bancorp’s dividend payout ratio is currently 46.15%.

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BHLB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $42.00 price target on shares of Berkshire Hills Bancorp in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, June 27th. BidaskClub upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $38.00 target price on shares of Berkshire Hills Bancorp in a research note on Monday, May 15th. Finally, FIG Partners upgraded shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Berkshire Hills Bancorp presently has a consensus rating of “Hold” and an average price target of $35.80.

In other Berkshire Hills Bancorp news, Director Richard L. Murphy bought 1,000 shares of Berkshire Hills Bancorp stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $34.25 per share, for a total transaction of $34,250.00. Following the completion of the acquisition, the director now owns 9,668 shares in the company, valued at approximately $331,129. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Richard M. Marotta sold 9,500 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $33.32, for a total value of $316,540.00. Following the transaction, the executive vice president now owns 28,523 shares in the company, valued at $950,386.36. The disclosure for this sale can be found here. 2.82% of the stock is owned by company insiders.

Berkshire Hills Bancorp Company 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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