JPMorgan Chase & Co. Has $6.94 Million Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

JPMorgan Chase & Co. boosted its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 243,995 shares of the savings and loans company's stock after buying an additional 53,322 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.57% of Berkshire Hills Bancorp worth $6,937,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Berkshire Hills Bancorp in the fourth quarter valued at approximately $256,000. American Century Companies Inc. lifted its stake in shares of Berkshire Hills Bancorp by 0.4% in the 4th quarter. American Century Companies Inc. now owns 625,824 shares of the savings and loans company's stock valued at $17,792,000 after purchasing an additional 2,694 shares during the period. Quantbot Technologies LP bought a new position in shares of Berkshire Hills Bancorp in the 4th quarter worth $595,000. Intech Investment Management LLC grew its stake in shares of Berkshire Hills Bancorp by 60.6% during the fourth quarter. Intech Investment Management LLC now owns 22,650 shares of the savings and loans company's stock worth $644,000 after purchasing an additional 8,549 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Berkshire Hills Bancorp by 11.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 141,775 shares of the savings and loans company's stock valued at $4,031,000 after purchasing an additional 14,750 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada restated a "sector perform" rating and set a $31.00 target price on shares of Berkshire Hills Bancorp in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a "market perform" rating in a report on Tuesday, December 24th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.13.

Berkshire Hills Bancorp Stock Up 2.4 %

NYSE BHLB traded up $0.57 during trading hours on Tuesday, reaching $23.92. 515,339 shares of the company's stock were exchanged, compared to its average volume of 358,129. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.61 and a beta of 0.58. The company's 50-day moving average is $25.99 and its two-hundred day moving average is $27.91. Berkshire Hills Bancorp, Inc. has a one year low of $20.76 and a one year high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last announced its earnings results on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share (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%. On average, analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.72 annualized dividend and a yield of 3.01%. Berkshire Hills Bancorp's dividend payout ratio (DPR) is presently 50.00%.

Insider Transactions at Berkshire Hills Bancorp

In other news, EVP Ellen Tulchiner sold 1,052 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $29.97, for a total value of $31,528.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.02% of the company's stock.

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.