Dimensional Fund Advisors LP Has $76.37 Million Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Dimensional Fund Advisors LP raised its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,686,281 shares of the savings and loans company's stock after buying an additional 10,579 shares during the period. Dimensional Fund Advisors LP owned about 6.25% of Berkshire Hills Bancorp worth $76,371,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in 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 worth $31,000 after purchasing an additional 821 shares during the period. Sterling Capital Management LLC boosted its holdings in Berkshire Hills Bancorp by 805.3% in the 4th 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 during the period. Russell Investments Group Ltd. boosted its holdings 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 acquiring an additional 2,169 shares during the period. KBC Group NV boosted its position 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 valued at $82,000 after buying an additional 1,051 shares during the last quarter. Finally, Plimoth Trust Co. LLC acquired a new stake in shares of Berkshire Hills Bancorp during the fourth quarter worth approximately $204,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Berkshire Hills Bancorp

In related news, EVP Ellen Tulchiner sold 1,052 shares of the firm'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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company's stock.

Berkshire Hills Bancorp Price Performance

Shares of Berkshire Hills Bancorp stock traded up $0.54 during trading on Friday, hitting $25.63. The stock had a trading volume of 351,876 shares, compared to its average volume of 368,849. The business has a fifty day moving average of $25.38 and a two-hundred day moving average of $27.80. The firm has a market cap of $1.19 billion, a P/E ratio of 17.80 and a beta of 0.53. Berkshire Hills Bancorp, Inc. has a fifty-two week low of $20.76 and a fifty-two week high of $32.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.60 EPS for the quarter, beating 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 company had revenue of $110.44 million during the quarter, compared to the consensus estimate of $109.71 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The company's quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.81%. Berkshire Hills Bancorp's payout ratio is currently 29.15%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $31.00 price target on shares of Berkshire Hills Bancorp in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Berkshire Hills Bancorp currently has an average 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.