Berkshire Hills Bancorp, Inc. (NYSE:BHLB) is Strategic Value Bank Partners LLC's 3rd Largest Position

Strategic Value Bank Partners LLC grew its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 134.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 530,489 shares of the savings and loans company's stock after acquiring an additional 304,376 shares during the period. Berkshire Hills Bancorp comprises about 8.9% of Strategic Value Bank Partners LLC's investment portfolio, making the stock its 3rd biggest position. Strategic Value Bank Partners LLC owned about 1.14% of Berkshire Hills Bancorp worth $13,840,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP increased its holdings in shares of Berkshire Hills Bancorp by 142.7% in the fourth quarter. Quarry LP now owns 1,291 shares of the savings and loans company's stock worth $37,000 after purchasing an additional 759 shares during the last quarter. Sterling Capital Management LLC increased its stake in Berkshire Hills Bancorp by 805.3% during the fourth 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 last quarter. Russell Investments Group Ltd. increased its stake in 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 worth $64,000 after acquiring an additional 2,169 shares during the last quarter. Man Group plc bought a new stake in Berkshire Hills Bancorp during the fourth quarter worth approximately $216,000. Finally, Algert Global LLC bought a new stake in Berkshire Hills Bancorp during the fourth quarter worth approximately $237,000. 83.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued 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 investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.13.

Berkshire Hills Bancorp Trading Down 2.6%

Shares of BHLB traded down $0.69 during mid-day trading on Tuesday, reaching $26.03. 230,760 shares of the company's stock traded hands, compared to its average volume of 413,690. The stock has a market cap of $1.21 billion, a P/E ratio of 10.53 and a beta of 0.61. The stock's 50-day moving average is $25.42 and its two-hundred day moving average is $26.39. Berkshire Hills Bancorp, Inc. has a 12 month low of $22.27 and a 12 month high of $32.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.99.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its earnings results 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. 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 9.13% and a net margin of 15.02%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Research 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 firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.77%. Berkshire Hills Bancorp's dividend payout ratio is 29.15%.

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.