Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Director James Williar Dunlaevy sold 7,455 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $39.30, for a total transaction of $292,981.50. Following the completion of the transaction, the director now owns 67,747 shares of the company’s stock, valued at approximately $2,662,457.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) traded up $0.20 during trading on Friday, reaching $38.75. 189,794 shares of the company’s stock traded hands, compared to its average volume of 211,266. Berkshire Hills Bancorp, Inc. has a twelve month low of $32.85 and a twelve month high of $40.00. The company has a market capitalization of $1,729.21, a price-to-earnings ratio of 16.75 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a net margin of 15.54% and a return on equity of 6.93%. The business had revenue of $100.83 million during the quarter, compared to analyst estimates of $107.60 million. analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current year.

The business also recently announced 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 was Wednesday, November 8th. This represents a $0.84 annualized dividend and a yield of 2.17%. Berkshire Hills Bancorp’s payout ratio is presently 45.16%.

Several brokerages recently commented on BHLB. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.50 price objective on shares of Berkshire Hills Bancorp in a research note on Sunday, October 22nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 price objective on shares of Berkshire Hills Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday. Jefferies Group reaffirmed a “hold” rating and set a $40.00 price objective on shares of Berkshire Hills Bancorp in a research note on Wednesday, October 11th. Finally, BidaskClub raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.90.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Berkshire Hills Bancorp by 20.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,124,148 shares of the savings and loans company’s stock worth $109,814,000 after acquiring an additional 540,080 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Berkshire Hills Bancorp in the 2nd quarter worth approximately $15,179,000. Koch Industries Inc. bought a new stake in shares of Berkshire Hills Bancorp in the 2nd quarter worth approximately $288,000. Peregrine Capital Management LLC bought a new stake in shares of Berkshire Hills Bancorp in the 3rd quarter worth approximately $10,514,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Berkshire Hills Bancorp by 29.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,137,717 shares of the savings and loans company’s stock worth $39,991,000 after acquiring an additional 255,429 shares during the last quarter. Institutional investors and hedge funds own 66.27% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/01/insider-selling-berkshire-hills-bancorp-inc-bhlb-director-sells-7455-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

Receive News & Ratings for Berkshire Hills Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hills Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.