Graham Capital Management L.P. Boosts Stock Holdings in Berkshire Hills Bancorp, Inc. $BHLB

Key Points

• Graham Capital Management L.P. increased its stake in Berkshire Hills Bancorp by 56.0%, now holding 55,175 shares valued at approximately $1.44 million.
• Berkshire Hills Bancorp reported $0.69 EPS for the last quarter, exceeding the consensus estimate of $0.58, with a 4.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.18 per share, resulting in a 2.8% dividend yield for shareholders.

Graham Capital Management L.P. boosted its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 56.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,175 shares of the savings and loans company's stock after purchasing an additional 19,802 shares during the period. Graham Capital Management L.P. owned about 0.12% of Berkshire Hills Bancorp worth $1,440,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Berkshire Hills Bancorp by 2.0% in the first quarter. Vanguard Group Inc. now owns 5,257,565 shares of the savings and loans company's stock valued at $137,170,000 after purchasing an additional 105,497 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Berkshire Hills Bancorp by 166.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,842,975 shares of the savings and loans company's stock worth $48,083,000 after acquiring an additional 1,151,107 shares in the last quarter. Invesco Ltd. lifted its position in shares of Berkshire Hills Bancorp by 5.0% during the first quarter. Invesco Ltd. now owns 1,355,863 shares of the savings and loans company's stock worth $35,374,000 after acquiring an additional 64,316 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Berkshire Hills Bancorp by 5.0% during the fourth quarter. Systematic Financial Management LP now owns 999,861 shares of the savings and loans company's stock worth $28,426,000 after acquiring an additional 47,234 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Berkshire Hills Bancorp during the first quarter worth $17,966,000. Hedge funds and other institutional investors own 83.07% of the company's stock.

Berkshire Hills Bancorp Trading Down 2.5%

NYSE:BHLB opened at $25.66 on Wednesday. The company has a market cap of $1.19 billion, a P/E ratio of 10.02 and a beta of 0.73. The stock's fifty day moving average price is $25.72 and its two-hundred day moving average price is $25.61. Berkshire Hills Bancorp, Inc. has a 1 year low of $22.27 and a 1 year high of $32.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.99 and a quick ratio of 0.99.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its earnings results on Thursday, July 24th. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The firm had revenue of $113.67 million for the quarter, compared to the consensus estimate of $113.34 million. Berkshire Hills Bancorp had a return on equity of 9.45% and a net margin of 15.93%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. As a group, analysts expect that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current year.

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.8%. Berkshire Hills Bancorp's dividend payout ratio is currently 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.

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