SG Americas Securities LLC Takes Position in Berkshire Hills Bancorp, Inc. (BHLB)

SG Americas Securities LLC acquired a new position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,036 shares of the savings and loans company’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Berkshire Hills Bancorp by 29.8% in the fourth quarter. State Street Corp now owns 869,903 shares of the savings and loans company’s stock valued at $32,056,000 after buying an additional 199,795 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Berkshire Hills Bancorp during the fourth quarter valued at $1,918,000. American Century Companies Inc. boosted its stake in shares of Berkshire Hills Bancorp by 48.5% in the first quarter. American Century Companies Inc. now owns 153,610 shares of the savings and loans company’s stock valued at $5,538,000 after buying an additional 50,164 shares during the period. LSV Asset Management boosted its stake in shares of Berkshire Hills Bancorp by 5.1% in the first quarter. LSV Asset Management now owns 1,024,420 shares of the savings and loans company’s stock valued at $36,930,000 after buying an additional 50,017 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Berkshire Hills Bancorp by 9.5% in the first quarter. Prudential Financial Inc. now owns 510,057 shares of the savings and loans company’s stock valued at $18,388,000 after buying an additional 44,230 shares during the period. 63.90% of the stock is owned by institutional investors.

Shares of Berkshire Hills Bancorp, Inc. (BHLB) opened at 35.70 on Tuesday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 19.83 and a beta of 0.62. The company’s 50 day moving average is $35.96 and its 200 day moving average is $35.78. Berkshire Hills Bancorp, Inc. has a one year low of $25.90 and a one year high of $38.65.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Monday, April 24th. The savings and loans company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $101.64 million for the quarter, compared to the consensus estimate of $95.90 million. Berkshire Hills Bancorp had a net margin of 15.39% and a return on equity of 7.05%. Equities research analysts predict that Berkshire Hills Bancorp, Inc. will post $2.25 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://transcriptdaily.com/2017/07/18/sg-americas-securities-llc-takes-position-in-berkshire-hills-bancorp-inc-bhlb.html.

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, March 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $42.00 target price on shares of Berkshire Hills Bancorp in a research report on Wednesday, May 3rd. Jefferies Group LLC restated a “hold” rating and issued a $38.00 target price on shares of Berkshire Hills Bancorp in a research report on Tuesday, April 4th. BidaskClub upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, FIG Partners upgraded shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.80.

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)

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.

Leave a Reply