Gamco Investors INC. ET AL acquired a new position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 6,000 shares of the savings and loans company’s stock, valued at approximately $233,000.

A number of other institutional investors also recently bought and sold shares of BHLB. New York State Teachers Retirement System lifted its holdings in shares of Berkshire Hills Bancorp by 7.4% in the 1st 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 period. Royal Bank of Canada lifted its holdings in shares of Berkshire Hills Bancorp by 4.3% in the 2nd quarter. Royal Bank of Canada now owns 5,155 shares of the savings and loans company’s stock valued at $182,000 after buying an additional 212 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Berkshire Hills Bancorp by 0.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 51,800 shares of the savings and loans company’s stock valued at $1,821,000 after buying an additional 300 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Berkshire Hills Bancorp by 11.3% in the 2nd 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 period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Berkshire Hills Bancorp by 4.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,690 shares of the savings and loans company’s stock valued at $306,000 after buying an additional 400 shares during the period. 74.64% of the stock is owned by institutional investors.

In other Berkshire Hills Bancorp news, insider Michael P. Daly sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $33.78, for a total transaction of $844,500.00. Following the completion of the transaction, the insider now owns 103,670 shares of the company’s stock, valued at $3,501,972.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.82% of the company’s stock.

Berkshire Hills Bancorp, Inc. (BHLB) opened at $36.65 on Friday. Berkshire Hills Bancorp, Inc. has a one year low of $32.35 and a one year high of $40.00. The firm has a market capitalization of $1,654.52, a P/E ratio of 16.03 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 released its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The firm had revenue of $100.83 million during the quarter, compared to the consensus estimate of $107.60 million. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. equities analysts predict that Berkshire Hills Bancorp, Inc. will post 2.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, November 8th. Berkshire Hills Bancorp’s payout ratio is 45.16%.

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BHLB has been the subject of several research analyst reports. Zacks Investment Research raised Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Monday, September 25th. BidaskClub raised Berkshire Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a research note on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $39.50 price objective on shares of Berkshire Hills Bancorp in a research note on Sunday, October 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Berkshire Hills Bancorp in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.92.

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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