Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Director Richard L. Murphy bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $37.00 per share, for a total transaction of $37,000.00. Following the acquisition, the director now directly owns 11,884 shares in the company, valued at approximately $439,708. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Berkshire Hills Bancorp, Inc. (BHLB) traded up $0.05 during trading on Tuesday, reaching $36.90. 96,970 shares of the company were exchanged, compared to its average volume of 218,849. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. The company has a market cap of $1,689.32, a price-to-earnings ratio of 24.90 and a beta of 0.70. Berkshire Hills Bancorp, Inc. has a twelve month low of $32.85 and a twelve month high of $40.00.
Berkshire Hills Bancorp (NYSE:BHLB) last posted its earnings results on Thursday, January 25th. The savings and loans company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. The business had revenue of $115.66 million for the quarter, compared to analyst estimates of $115.50 million. Berkshire Hills Bancorp had a net margin of 11.37% and a return on equity of 7.44%. research analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.72 earnings per share for the current year.
A number of analysts recently weighed in on BHLB shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.50 target price on shares of Berkshire Hills Bancorp in a report on Sunday, October 22nd. Zacks Investment Research lowered shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, BidaskClub lowered shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $41.30.
Several large investors have recently modified their holdings of the company. MML Investors Services LLC bought a new position in shares of Berkshire Hills Bancorp in the 4th quarter worth $281,000. AXA increased its holdings in shares of Berkshire Hills Bancorp by 39.0% in the 4th quarter. AXA now owns 174,500 shares of the savings and loans company’s stock worth $6,387,000 after buying an additional 49,000 shares during the last quarter. Kennedy Capital Management Inc. increased its holdings in shares of Berkshire Hills Bancorp by 47.3% in the 4th quarter. Kennedy Capital Management Inc. now owns 208,012 shares of the savings and loans company’s stock worth $7,613,000 after buying an additional 66,831 shares during the last quarter. FDx Advisors Inc. increased its holdings in shares of Berkshire Hills Bancorp by 82.4% in the 4th quarter. FDx Advisors Inc. now owns 10,211 shares of the savings and loans company’s stock worth $374,000 after buying an additional 4,612 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Berkshire Hills Bancorp by 17.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 22,591 shares of the savings and loans company’s stock worth $827,000 after buying an additional 3,300 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
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About Berkshire Hills Bancorp
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.
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