Aristotle Capital Boston LLC Sells 37,392 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Aristotle Capital Boston LLC decreased its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,057 shares of the savings and loans company's stock after selling 37,392 shares during the quarter. Aristotle Capital Boston LLC owned approximately 0.87% of Berkshire Hills Bancorp worth $10,691,000 at the end of the most recent reporting period.

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

Insider Transactions at Berkshire Hills Bancorp

In other news, EVP Ellen Tulchiner sold 1,052 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $29.97, for a total value of $31,528.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Berkshire Hills Bancorp Stock Up 2.0 %

Shares of Berkshire Hills Bancorp stock traded up $0.50 on Thursday, reaching $25.79. The company's stock had a trading volume of 117,982 shares, compared to its average volume of 502,886. Berkshire Hills Bancorp, Inc. has a 52 week low of $20.75 and a 52 week high of $32.36. The firm's fifty day simple moving average is $25.21 and its two-hundred day simple moving average is $27.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 17.91 and a beta of 0.53.

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

Berkshire Hills Bancorp Announces Dividend

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

Analyst Ratings Changes

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

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.