Deutsche Bank AG Boosts Stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Deutsche Bank AG raised its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,581 shares of the savings and loans company's stock after purchasing an additional 11,932 shares during the period. Deutsche Bank AG owned about 0.09% of Berkshire Hills Bancorp worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in BHLB. Adage Capital Partners GP L.L.C. purchased a new stake in Berkshire Hills Bancorp during the fourth quarter worth $29,410,000. ExodusPoint Capital Management LP grew its position in shares of Berkshire Hills Bancorp by 623.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 516,603 shares of the savings and loans company's stock worth $14,687,000 after buying an additional 445,228 shares during the last quarter. Bayview Asset Management LLC bought a new position in shares of Berkshire Hills Bancorp during the 4th quarter worth approximately $9,330,000. Invesco Ltd. lifted its position in 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 acquiring an additional 222,162 shares during the last quarter. Finally, Glendon Capital Management LP acquired a new stake in Berkshire Hills Bancorp in the fourth quarter valued at approximately $4,902,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated a "sector perform" rating and set a $31.00 price objective on shares of Berkshire Hills Bancorp in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Berkshire Hills Bancorp has an average rating of "Moderate Buy" and an average target price of $31.13.

Berkshire Hills Bancorp Stock Performance

Shares of NYSE:BHLB traded down $0.09 during trading on Friday, hitting $25.00. The stock had a trading volume of 23,214 shares, compared to its average volume of 385,365. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. Berkshire Hills Bancorp, Inc. has a 12-month low of $20.76 and a 12-month high of $32.36. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 17.33 and a beta of 0.53. The stock has a 50-day simple moving average of $24.99 and a two-hundred day simple moving average of $27.48.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. The company had revenue of $110.44 million during the quarter, compared to analyst estimates of $109.71 million. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%. Berkshire Hills Bancorp's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. On average, equities research analysts expect 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. Investors of record on Thursday, May 15th were given 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 yield of 2.88%. Berkshire Hills Bancorp's dividend payout ratio is presently 29.15%.

About Berkshire Hills Bancorp

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.