Macquarie Group Ltd. raised its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,299 shares of the savings and loans company’s stock after acquiring an additional 6,200 shares during the quarter. Macquarie Group Ltd. owned approximately 0.12% of Berkshire Hills Bancorp worth $1,949,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its stake in shares of Berkshire Hills Bancorp by 11.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock worth $110,000 after buying an additional 318 shares during the period. Quantbot Technologies LP acquired a new position in shares of Berkshire Hills Bancorp during the 2nd quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Berkshire Hills Bancorp by 263.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock worth $121,000 after buying an additional 2,500 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Berkshire Hills Bancorp by 129.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the savings and loans company’s stock worth $154,000 after buying an additional 2,471 shares during the period. Finally, US Bancorp DE raised its stake in shares of Berkshire Hills Bancorp by 68.3% during the 2nd quarter. US Bancorp DE now owns 4,543 shares of the savings and loans company’s stock worth $160,000 after buying an additional 1,843 shares during the period. 66.31% of the stock is owned by institutional investors.

Shares of Berkshire Hills Bancorp, Inc. (BHLB) traded down $0.75 on Wednesday, hitting $38.55. The company had a trading volume of 252,300 shares, compared to its average volume of 211,767. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.89. Berkshire Hills Bancorp, Inc. has a 52-week low of $32.85 and a 52-week high of $40.00. The stock has a market capitalization of $1,779.01, a PE ratio of 17.24 and a beta of 0.68.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings results on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. The firm had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. sell-side analysts predict that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, November 8th. Berkshire Hills Bancorp’s payout ratio is 45.16%.

Several brokerages have recently weighed in on BHLB. Zacks Investment Research raised Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. BidaskClub cut Berkshire Hills Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 price target on shares of Berkshire Hills Bancorp in a research report on Tuesday, October 3rd. FIG Partners reiterated an “outperform” rating and set a $41.00 price target on shares of Berkshire Hills Bancorp in a research report on Wednesday, September 20th. Finally, Jefferies Group reiterated a “hold” rating and set a $40.00 price target on shares of Berkshire Hills Bancorp in a research report on Wednesday, October 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.90.

In other Berkshire Hills Bancorp news, Director James Williar Dunlaevy sold 7,455 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $39.30, for a total value of $292,981.50. Following the completion of the sale, the director now directly owns 67,747 shares in the company, valued at approximately $2,662,457.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael D. Carroll sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $38.50, for a total value of $77,000.00. Following the completion of the sale, the insider now owns 7,255 shares of the company’s stock, valued at $279,317.50. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

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