American Century Companies Inc. Has $14.30 Million Stock Position in Berkshire Hills Bancorp, Inc. $BHLB

Key Points

• American Century Companies Inc. reduced its holdings in Berkshire Hills Bancorp, Inc. by 12.4% during the 1st quarter, owning 548,020 shares valued at $14.3 million after selling off 77,804 shares.
• Several institutional investors, including SummerHaven Investment Management and Oregon Public Employees Retirement Fund, increased their stakes in Berkshire Hills Bancorp during the same period.
• Berkshire Hills Bancorp reported $0.69 EPS for the last quarter, exceeding estimates and reflecting a 4.6% year-over-year revenue growth.

American Century Companies Inc. decreased its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 548,020 shares of the savings and loans company's stock after selling 77,804 shares during the quarter. American Century Companies Inc. owned approximately 1.18% of Berkshire Hills Bancorp worth $14,298,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BHLB. Amalgamated Bank grew its holdings in Berkshire Hills Bancorp by 4.2% during the 1st quarter. Amalgamated Bank now owns 12,917 shares of the savings and loans company's stock worth $337,000 after acquiring an additional 524 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Berkshire Hills Bancorp by 3.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,447 shares of the savings and loans company's stock worth $612,000 after acquiring an additional 693 shares during the period. Allianz Asset Management GmbH grew its holdings in Berkshire Hills Bancorp by 153.6% during the 1st quarter. Allianz Asset Management GmbH now owns 31,700 shares of the savings and loans company's stock worth $827,000 after acquiring an additional 19,200 shares during the period. Strategic Value Bank Partners LLC grew its holdings in Berkshire Hills Bancorp by 134.6% during the 1st quarter. Strategic Value Bank Partners LLC now owns 530,489 shares of the savings and loans company's stock worth $13,840,000 after acquiring an additional 304,376 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Berkshire Hills Bancorp by 11.0% during the 1st quarter. Principal Financial Group Inc. now owns 226,935 shares of the savings and loans company's stock worth $5,921,000 after acquiring an additional 22,454 shares during the period. Institutional investors and hedge funds own 83.07% of the company's stock.

Berkshire Hills Bancorp Trading Down 0.7%

Shares of BHLB stock traded down $0.20 on Friday, hitting $26.11. The stock had a trading volume of 2,575,853 shares, compared to its average volume of 537,896. Berkshire Hills Bancorp, Inc. has a twelve month low of $22.27 and a twelve month high of $32.36. The firm has a market cap of $1.21 billion, a P/E ratio of 10.20 and a beta of 0.73. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $25.68 and a two-hundred day moving average price of $25.63.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last announced its earnings results on Thursday, July 24th. The savings and loans company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.11. Berkshire Hills Bancorp had a net margin of 15.93% and a return on equity of 9.45%. The firm had revenue of $113.67 million during the quarter, compared to analyst estimates of $113.34 million. During the same period in the prior year, the business earned $0.55 EPS. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 14th. Berkshire Hills Bancorp's dividend payout ratio (DPR) is presently 28.13%.

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.