Bank of New York Mellon Corp boosted its position in Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,114 shares of the company’s stock after buying an additional 6,626 shares during the period. Bank of New York Mellon Corp owned approximately 0.84% of Berkshire Hills Bancorp worth $6,948,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in BHLB. ClariVest Asset Management LLC increased its position in Berkshire Hills Bancorp by 0.9% in the second quarter. ClariVest Asset Management LLC now owns 141,215 shares of the company’s stock worth $3,802,000 after buying an additional 1,300 shares during the period. Strs Ohio increased its position in Berkshire Hills Bancorp by 8.4% in the second quarter. Strs Ohio now owns 30,900 shares of the company’s stock worth $831,000 after buying an additional 2,400 shares during the period. Eagle Boston Investment Management Inc. increased its position in Berkshire Hills Bancorp by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 249,059 shares of the company’s stock worth $6,704,000 after buying an additional 6,474 shares during the period. Nordea Investment Management AB increased its position in Berkshire Hills Bancorp by 17.1% in the second quarter. Nordea Investment Management AB now owns 106,730 shares of the company’s stock worth $2,873,000 after buying an additional 15,588 shares during the period. Finally, Monarch Partners Asset Management LLC increased its position in Berkshire Hills Bancorp by 25.3% in the second quarter. Monarch Partners Asset Management LLC now owns 157,827 shares of the company’s stock worth $4,249,000 after buying an additional 31,900 shares during the period.

Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) traded down 0.44% during midday trading on Tuesday, hitting $27.02. The stock had a trading volume of 133,575 shares. The stock has a market capitalization of $827.08 million and a PE ratio of 13.18. The stock’s 50-day moving average is $27.29 and its 200-day moving average is $27.05. Berkshire Hills Bancorp, Inc. has a 1-year low of $24.71 and a 1-year high of $30.69.

Berkshire Hills Bancorp (NASDAQ:BHLB) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.54 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.54. On average, equities research analysts anticipate that Berkshire Hills Bancorp, Inc. will post $2.18 EPS for the current fiscal year.

A number of research firms have weighed in on BHLB. Zacks Investment Research raised Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Jefferies Group reaffirmed a “hold” rating on shares of Berkshire Hills Bancorp in a research report on Thursday, July 7th. Compass Point downgraded Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and cut their price objective for the company from $29.00 to $24.00 in a report on Tuesday, July 26th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $33.00 price objective on shares of Berkshire Hills Bancorp in a report on Wednesday, June 29th.

Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc (Berkshire) is the 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. Its product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

5 Day Chart for NASDAQ:BHLB

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