Emerald Acquisition Ltd. acquired a new stake in shares of Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 141,508 shares of the company’s stock, valued at approximately $3,810,000. Emerald Acquisition Ltd. owned about 0.46% of Berkshire Hills Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio raised 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 valued at $831,000 after buying an additional 2,400 shares in the last quarter. Swiss National Bank raised its position in Berkshire Hills Bancorp by 6.8% in the second quarter. Swiss National Bank now owns 50,300 shares of the company’s stock valued at $1,354,000 after buying an additional 3,200 shares in the last quarter. California State Teachers Retirement System raised its position in Berkshire Hills Bancorp by 3.2% in the second quarter. California State Teachers Retirement System now owns 64,536 shares of the company’s stock valued at $1,737,000 after buying an additional 1,981 shares in the last quarter. Nordea Investment Management AB raised 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 valued at $2,873,000 after buying an additional 15,588 shares in the last quarter. Finally, ClariVest Asset Management LLC raised 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 valued at $3,802,000 after buying an additional 1,300 shares in the last quarter.

Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB) traded up 0.44% during mid-day trading on Wednesday, hitting $27.14. 108,080 shares of the company traded hands. Berkshire Hills Bancorp, Inc. has a one year low of $24.71 and a one year high of $30.69. The stock has a market capitalization of $830.76 million and a price-to-earnings ratio of 13.24. The company’s 50-day moving average is $27.31 and its 200-day moving average is $27.05.

Berkshire Hills Bancorp (NASDAQ:BHLB) last released its quarterly earnings data on Monday, July 25th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Analysts predict that Berkshire Hills Bancorp, Inc. will post $2.18 EPS for the current year.

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $33.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, June 29th. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Compass Point lowered shares of Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $29.00 to $24.00 in a research note on Tuesday, July 26th. Finally, Jefferies Group restated a “hold” rating on shares of Berkshire Hills Bancorp in a research note on Monday, August 1st.

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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