Thrivent Financial for Lutherans lifted its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,181 shares of the savings and loans company’s stock after purchasing an additional 619 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Berkshire Hills Bancorp were worth $760,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Berkshire Hills Bancorp by 4.0% during the 4th quarter. BlackRock Inc. now owns 6,180,539 shares of the savings and loans company’s stock valued at $166,688,000 after purchasing an additional 237,601 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Berkshire Hills Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,794,369 shares of the savings and loans company’s stock valued at $154,431,000 after purchasing an additional 97,393 shares during the last quarter. Vanguard Group Inc lifted its holdings in Berkshire Hills Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 3,794,369 shares of the savings and loans company’s stock valued at $154,431,000 after purchasing an additional 97,393 shares during the last quarter. LSV Asset Management lifted its holdings in Berkshire Hills Bancorp by 0.5% during the 4th quarter. LSV Asset Management now owns 1,344,723 shares of the savings and loans company’s stock valued at $36,267,000 after purchasing an additional 6,486 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Berkshire Hills Bancorp by 0.3% during the 4th quarter. Northern Trust Corp now owns 748,426 shares of the savings and loans company’s stock valued at $20,185,000 after purchasing an additional 2,157 shares during the last quarter. 74.88% of the stock is owned by institutional investors.

In other Berkshire Hills Bancorp news, Director Patrick J. Sheehan sold 28,100 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $30.55, for a total value of $858,455.00. Following the completion of the sale, the director now owns 2,226 shares in the company, valued at approximately $68,004.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick J. Sheehan sold 9,938 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.50, for a total transaction of $303,109.00. Following the completion of the sale, the director now owns 2,226 shares of the company’s stock, valued at approximately $67,893. The disclosure for this sale can be found here. Insiders acquired a total of 1,437 shares of company stock valued at $42,621 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

BHLB opened at $28.48 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.51 and a beta of 1.06. Berkshire Hills Bancorp, Inc. has a 1-year low of $25.77 and a 1-year high of $44.25.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Wednesday, January 23rd. The savings and loans company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.03). The company had revenue of $114.47 million during 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%. As a group, equities research analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.69 EPS for the current year.

Several brokerages recently issued reports on BHLB. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. ValuEngine downgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, March 25th. Compass Point set a $24.00 price target on shares of Berkshire Hills Bancorp and gave the company a “sell” rating in a report on Friday, January 25th. Finally, TheStreet downgraded shares of Berkshire Hills Bancorp from a “b-” rating to a “c+” rating in a report on Friday, January 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.00.

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

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