Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Position Boosted by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 999,861 shares of the savings and loans company’s stock after acquiring an additional 47,234 shares during the period. Systematic Financial Management LP’s holdings in Berkshire Hills Bancorp were worth $28,426,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BHLB. Barclays PLC increased its stake in shares of Berkshire Hills Bancorp by 105.0% during the third quarter. Barclays PLC now owns 96,380 shares of the savings and loans company’s stock valued at $2,595,000 after acquiring an additional 49,356 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Berkshire Hills Bancorp by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,673 shares of the savings and loans company’s stock valued at $5,135,000 after purchasing an additional 72,402 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Berkshire Hills Bancorp in the 4th quarter worth $6,672,000. KBC Group NV increased its holdings in shares of Berkshire Hills Bancorp by 57.8% during the 4th quarter. KBC Group NV now owns 2,869 shares of the savings and loans company’s stock worth $82,000 after purchasing an additional 1,051 shares during the period. Finally, Plimoth Trust Co. LLC bought a new position in shares of Berkshire Hills Bancorp during the 4th quarter worth about $204,000. Institutional investors own 83.07% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $31.00 target price on shares of Berkshire Hills Bancorp in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Berkshire Hills Bancorp has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Berkshire Hills Bancorp Stock Performance

Shares of BHLB opened at $26.59 on Friday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.46 and a beta of 0.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $25.16 and a 200 day simple moving average of $27.70. Berkshire Hills Bancorp, Inc. has a 12 month low of $20.76 and a 12 month high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%. The business had revenue of $110.44 million for the quarter, compared to analyst estimates of $109.71 million. During the same period last year, the firm earned $0.49 earnings per share. Berkshire Hills Bancorp’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a $0.18 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.71%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is currently 29.15%.

Berkshire Hills Bancorp Profile

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.