Tudor Investment Corp ET AL Buys New Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Tudor Investment Corp ET AL acquired a new stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 105,477 shares of the savings and loans company's stock, valued at approximately $2,999,000. Tudor Investment Corp ET AL owned about 0.25% of Berkshire Hills Bancorp as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Berkshire Hills Bancorp by 282.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock valued at $31,000 after purchasing an additional 821 shares in the last quarter. Quarry LP lifted its stake in Berkshire Hills Bancorp by 142.7% in the fourth quarter. Quarry LP now owns 1,291 shares of the savings and loans company's stock valued at $37,000 after buying an additional 759 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Berkshire Hills Bancorp by 805.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,376 shares of the savings and loans company's stock worth $39,000 after acquiring an additional 1,224 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Berkshire Hills Bancorp by 2,259.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,265 shares of the savings and loans company's stock worth $64,000 after purchasing an additional 2,169 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Berkshire Hills Bancorp by 57.8% in the fourth quarter. KBC Group NV now owns 2,869 shares of the savings and loans company's stock valued at $82,000 after purchasing an additional 1,051 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $31.00 price target on shares of Berkshire Hills Bancorp in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.13.

Berkshire Hills Bancorp Stock Performance

Shares of NYSE:BHLB traded up $0.48 during trading on Thursday, reaching $25.77. 52,884 shares of the stock were exchanged, compared to its average volume of 502,008. Berkshire Hills Bancorp, Inc. has a 12 month low of $20.75 and a 12 month high of $32.36. 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 market cap of $1.20 billion, a PE ratio of 17.90 and a beta of 0.53. The stock has a 50-day moving average price of $25.21 and a 200-day moving average price of $27.75.

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

Berkshire Hills Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.79%. Berkshire Hills Bancorp's dividend payout ratio is currently 29.15%.

Insider Buying and Selling

In other Berkshire Hills Bancorp news, EVP Ellen Tulchiner sold 1,052 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $29.97, for a total transaction of $31,528.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Berkshire Hills Bancorp Company 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.