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

Strategic Value Bank Partners LLC lifted its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 134.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,489 shares of the savings and loans company's stock after purchasing an additional 304,376 shares during the period. Berkshire Hills Bancorp accounts for approximately 8.9% of Strategic Value Bank Partners LLC's investment portfolio, making the stock its 3rd biggest holding. Strategic Value Bank Partners LLC owned approximately 1.14% of Berkshire Hills Bancorp worth $13,840,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Quarry LP increased its stake in Berkshire Hills Bancorp by 142.7% during the 4th quarter. Quarry LP now owns 1,291 shares of the savings and loans company's stock worth $37,000 after acquiring an additional 759 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of 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 valued at $39,000 after purchasing an additional 1,224 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of 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 valued at $64,000 after purchasing an additional 2,169 shares in the last quarter. Man Group plc acquired a new stake in shares of Berkshire Hills Bancorp in the 4th quarter valued at $216,000. Finally, Algert Global LLC acquired a new stake in shares of Berkshire Hills Bancorp in the 4th quarter valued at $237,000. Institutional investors own 83.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $31.00 target price on shares of Berkshire Hills Bancorp in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Berkshire Hills Bancorp Price Performance

BHLB traded up $0.32 during trading on Wednesday, reaching $26.14. The stock had a trading volume of 584,586 shares, compared to its average volume of 416,373. The stock has a market cap of $1.21 billion, a PE ratio of 10.58 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 0.99. Berkshire Hills Bancorp, Inc. has a one year low of $22.27 and a one year high of $32.36. The business has a 50-day moving average of $25.45 and a 200-day moving average of $26.38.

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 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 9.13% and a net margin of 15.02%. The firm had revenue of $110.44 million for the quarter, compared to analysts' expectations of $109.71 million. During the same period last year, the firm earned $0.49 earnings per share. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The business also recently disclosed 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 2.75%. Berkshire Hills Bancorp's dividend payout ratio (DPR) is currently 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.