Deutsche Bank AG Acquires 72,863 Shares of Berkshire Hills Bancorp, Inc. $BHLB

Key Points

• Deutsche Bank AG increased its stake in Berkshire Hills Bancorp by 193.9% in Q1, owning 110,444 shares worth approximately $2.88 million.
• Institutional investors hold 83.07% of Berkshire Hills Bancorp’s stock, with significant increases in holdings from Charles Schwab and Jefferies Financial Group.
• Berkshire Hills Bancorp reported $0.69 earnings per share, surpassing analysts' estimates of $0.58, and announced a quarterly dividend of $0.18 per share.

Deutsche Bank AG increased its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 193.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,444 shares of the savings and loans company's stock after buying an additional 72,863 shares during the quarter. Deutsche Bank AG owned 0.24% of Berkshire Hills Bancorp worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP increased its stake 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 valued at $37,000 after buying an additional 759 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Berkshire Hills Bancorp by 130.9% in the first quarter. Meeder Asset Management Inc. now owns 1,374 shares of the savings and loans company's stock valued at $36,000 after buying an additional 779 shares during the period. Sterling Capital Management LLC increased its stake in shares of Berkshire Hills Bancorp by 805.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,376 shares of the savings and loans company's stock valued at $39,000 after buying an additional 1,224 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Berkshire Hills Bancorp by 2,259.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,265 shares of the savings and loans company's stock valued at $64,000 after buying an additional 2,169 shares during the period. Finally, CWM LLC increased its stake in shares of Berkshire Hills Bancorp by 508.7% in the first quarter. CWM LLC now owns 4,413 shares of the savings and loans company's stock valued at $115,000 after buying an additional 3,688 shares during the period. Institutional investors and hedge funds own 83.07% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued a "sector perform" rating and set a $31.00 target price on shares of Berkshire Hills Bancorp in a research report on Monday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $32.75.

Berkshire Hills Bancorp Trading Down 1.0%

NYSE:BHLB traded down $0.2530 on Monday, reaching $26.3770. 198,106 shares of the stock traded hands, compared to its average volume of 403,245. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.30 and a beta of 0.66. The company's 50 day moving average is $25.47 and its 200-day moving average is $25.73. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. Berkshire Hills Bancorp, Inc. has a 1-year low of $22.27 and a 1-year high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its earnings results on Thursday, July 24th. The savings and loans company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.11. The business had revenue of $113.67 million during the quarter, compared to the consensus estimate of $113.34 million. Berkshire Hills Bancorp had a net margin of 15.93% and a return on equity of 9.45%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Equities research analysts anticipate 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, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 14th. Berkshire Hills Bancorp's dividend payout ratio is presently 28.13%.

Berkshire Hills Bancorp Company 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.