GAMMA Investing LLC Buys 15,180 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

GAMMA Investing LLC raised its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 3,036.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,680 shares of the savings and loans company's stock after buying an additional 15,180 shares during the quarter. GAMMA Investing LLC's holdings in Berkshire Hills Bancorp were worth $409,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BHLB. Smartleaf Asset Management LLC boosted its holdings in shares of Berkshire Hills Bancorp by 282.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock worth $31,000 after buying an additional 821 shares during the period. Quarry LP boosted its holdings in shares of 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 buying an additional 759 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Berkshire Hills Bancorp by 805.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,376 shares of the savings and loans company's stock worth $39,000 after buying an additional 1,224 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Berkshire Hills Bancorp by 2,259.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,265 shares of the savings and loans company's stock worth $64,000 after buying an additional 2,169 shares during the period. Finally, Man Group plc bought a new stake in shares of Berkshire Hills Bancorp during the 4th quarter worth $216,000. Institutional investors and hedge funds own 83.07% of the company's stock.

Berkshire Hills Bancorp Trading Up 3.3%

Shares of NYSE BHLB traded up $0.78 during mid-day trading on Monday, hitting $24.60. The company's stock had a trading volume of 447,388 shares, compared to its average volume of 400,765. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 9.96 and a beta of 0.63. 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, Inc. has a one year low of $21.16 and a one year high of $32.36. The company's fifty day simple moving average is $24.97 and its 200-day simple moving average is $26.71.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last issued its earnings results on Thursday, April 24th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. Berkshire Hills Bancorp had a net margin of 15.02% and a return on equity of 9.13%. The company had revenue of $110.44 million for the quarter, compared to analyst estimates of $109.71 million. During the same quarter last year, the firm earned $0.49 EPS. The company's revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.93%. The ex-dividend date was Thursday, May 15th. Berkshire Hills Bancorp's payout ratio is 29.15%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.13.

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.