Eagle Boston Investment Management Inc. Has $10.62 Million Position in Berkshire Hills Bancorp, Inc. (BHLB)

Eagle Boston Investment Management Inc. increased its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,482 shares of the savings and loans company’s stock after purchasing an additional 4,408 shares during the quarter. Eagle Boston Investment Management Inc. owned approximately 0.66% of Berkshire Hills Bancorp worth $10,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New York State Teachers Retirement System raised its stake in Berkshire Hills Bancorp by 7.4% in the first quarter. New York State Teachers Retirement System now owns 2,900 shares of the savings and loans company’s stock valued at $105,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Berkshire Hills Bancorp by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock valued at $110,000 after buying an additional 318 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Berkshire Hills Bancorp in the second quarter valued at about $112,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Berkshire Hills Bancorp by 263.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock valued at $121,000 after buying an additional 2,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Berkshire Hills Bancorp by 129.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the savings and loans company’s stock valued at $154,000 after buying an additional 2,471 shares during the last quarter. Hedge funds and other institutional investors own 67.40% of the company’s stock.

In other news, insider Michael P. Daly sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $33.78, for a total value of $844,500.00. Following the completion of the transaction, the insider now directly owns 103,670 shares in the company, valued at $3,501,972.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.82% of the company’s stock.

A number of equities research analysts have commented on BHLB shares. Zacks Investment Research cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub cut Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a research note on Friday, September 15th. Finally, FIG Partners reiterated an “outperform” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.90.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) opened at $37.15 on Friday. Berkshire Hills Bancorp, Inc. has a 12 month low of $32.85 and a 12 month high of $40.00. The stock has a market capitalization of $1,681.67, a PE ratio of 16.29 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.33.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. research analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Wednesday, November 8th. Berkshire Hills Bancorp’s payout ratio is 45.16%.

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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.

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

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