Fuller & Thaler Asset Management Inc. Decreases Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Fuller & Thaler Asset Management Inc. cut its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 691,868 shares of the savings and loans company’s stock after selling 1,195 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Berkshire Hills Bancorp were worth $19,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of BHLB. Dimensional Fund Advisors LP grew its position in shares of Berkshire Hills Bancorp by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,686,281 shares of the savings and loans company’s stock valued at $76,371,000 after purchasing an additional 10,579 shares in the last quarter. Invesco Ltd. raised its stake in Berkshire Hills Bancorp by 20.8% during the fourth quarter. Invesco Ltd. now owns 1,291,547 shares of the savings and loans company’s stock worth $36,719,000 after purchasing an additional 222,162 shares during the period. American Century Companies Inc. boosted its holdings in Berkshire Hills Bancorp by 0.4% in the 4th quarter. American Century Companies Inc. now owns 625,824 shares of the savings and loans company’s stock valued at $17,792,000 after purchasing an additional 2,694 shares during the last quarter. ExodusPoint Capital Management LP grew its stake in shares of Berkshire Hills Bancorp by 623.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 516,603 shares of the savings and loans company’s stock valued at $14,687,000 after buying an additional 445,228 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Berkshire Hills Bancorp by 29.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 441,143 shares of the savings and loans company’s stock worth $12,542,000 after buying an additional 99,538 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Berkshire Hills Bancorp Stock Up 3.2 %

Berkshire Hills Bancorp stock opened at $25.08 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 17.42 and a beta of 0.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. Berkshire Hills Bancorp, Inc. has a twelve month low of $20.76 and a twelve month high of $32.36. The stock’s fifty day simple moving average is $25.80 and its 200-day simple moving average is $27.88.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. As a group, equities analysts expect that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, February 20th. Berkshire Hills Bancorp’s dividend payout ratio is presently 50.00%.

Insider Activity at Berkshire Hills Bancorp

In other news, EVP Ellen Tulchiner sold 1,052 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $29.97, for a total transaction of $31,528.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $31.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.13.

About Berkshire Hills Bancorp

Berkshire Hills Bancorp, Inc operates as the bank holding company for Berkshire Bank that provides various banking products and services in the United States. The company provides various deposit accounts, including demand deposit, interest-bearing checking, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts.