Dimensional Fund Advisors LP Buys 10,579 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

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

Several other hedge funds have also bought and sold shares of the business. Invesco Ltd. lifted its holdings in shares of Berkshire Hills Bancorp by 20.8% during the fourth quarter. Invesco Ltd. now owns 1,291,547 shares of the savings and loans company's stock valued at $36,719,000 after purchasing an additional 222,162 shares during the last quarter. American Century Companies Inc. boosted its holdings in Berkshire Hills Bancorp by 0.4% in the fourth quarter. American Century Companies Inc. now owns 625,824 shares of the savings and loans company's stock worth $17,792,000 after acquiring an additional 2,694 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in shares of Berkshire Hills Bancorp by 623.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 516,603 shares of the savings and loans company's stock worth $14,687,000 after acquiring an additional 445,228 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Berkshire Hills Bancorp by 29.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 441,143 shares of the savings and loans company's stock worth $12,542,000 after acquiring an additional 99,538 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Berkshire Hills Bancorp by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,307 shares of the savings and loans company's stock worth $12,035,000 after purchasing an additional 15,383 shares during the last quarter. Institutional investors own 83.07% of the company's stock.

Berkshire Hills Bancorp Stock Performance

Shares of BHLB stock traded down $0.23 during trading hours on Tuesday, reaching $25.43. The company had a trading volume of 17,195 shares, compared to its average volume of 368,030. The firm has a market cap of $1.18 billion, a PE ratio of 17.67 and a beta of 0.53. The business has a fifty day moving average price of $25.33 and a 200-day moving average price of $27.78. Berkshire Hills Bancorp, Inc. has a one year low of $20.76 and a one year high of $32.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00.

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

Berkshire Hills Bancorp Announces Dividend

The firm also recently declared 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 is Thursday, May 15th. This represents a $0.72 annualized dividend and a yield of 2.83%. Berkshire Hills Bancorp's payout ratio is presently 29.15%.

Insiders Place Their Bets

In other Berkshire Hills Bancorp 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated a "sector perform" rating and set a $31.00 price objective on shares of Berkshire Hills Bancorp in a research note on Monday, April 28th. Four research 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.13.

Berkshire Hills Bancorp 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.