Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Director William J. Ryan purchased 3,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $37.87 per share, with a total value of $113,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Berkshire Hills Bancorp, Inc. (BHLB) traded up $1.10 during midday trading on Friday, reaching $38.30. The company had a trading volume of 632,529 shares, compared to its average volume of 212,108. 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, Inc. has a one year low of $32.85 and a one year high of $40.00. The stock has a market cap of $1,730.00, a PE ratio of 16.51 and a beta of 0.68.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. The company had revenue of $100.83 million for the quarter, compared to analysts’ expectations of $107.60 million. sell-side analysts predict that Berkshire Hills Bancorp, Inc. will post 2.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.19%. Berkshire Hills Bancorp’s dividend payout ratio is presently 45.41%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. BidaskClub cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.50 price objective on shares of Berkshire Hills Bancorp in a research report on Sunday, October 22nd. Jefferies Group reaffirmed a “hold” rating and set a $40.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 price objective on shares of Berkshire Hills Bancorp in a research report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.90.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. lifted its holdings in Berkshire Hills Bancorp by 47.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,661 shares of the savings and loans company’s stock worth $656,000 after purchasing an additional 6,034 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in Berkshire Hills Bancorp by 1.7% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 268,482 shares of the savings and loans company’s stock worth $10,618,000 after purchasing an additional 4,408 shares in the last quarter. Stieven Capital Advisors L.P. purchased a new stake in shares of Berkshire Hills Bancorp during the 2nd quarter worth approximately $5,080,000. Koch Industries Inc. purchased a new stake in shares of Berkshire Hills Bancorp during the 2nd quarter worth approximately $288,000. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Berkshire Hills Bancorp during the 2nd quarter worth approximately $15,179,000. 67.29% of the stock is currently owned by institutional investors.

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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)

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