Berkshire Hills Bancorp, Inc. $BHLB Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Berkshire Hills Bancorp by 43.2%, owning 44,300 shares valued at approximately $1.16 million.
• Berkshire Hills Bancorp recently reported $0.69 EPS for the quarter, exceeding estimates, and achieved a net margin of 15.93%.
• The company announced a quarterly dividend of $0.18 per share, leading to an annualized yield of 2.8%.

Jump Financial LLC raised its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 43.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,300 shares of the savings and loans company's stock after acquiring an additional 13,358 shares during the period. Jump Financial LLC owned approximately 0.10% of Berkshire Hills Bancorp worth $1,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BHLB. Fuller & Thaler Asset Management Inc. raised its stake in Berkshire Hills Bancorp by 166.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,842,975 shares of the savings and loans company's stock valued at $48,083,000 after acquiring an additional 1,151,107 shares during the last quarter. Nuveen LLC purchased a new stake in Berkshire Hills Bancorp during the 1st quarter valued at approximately $17,966,000. Bayview Asset Management LLC purchased a new stake in Berkshire Hills Bancorp during the 4th quarter valued at approximately $9,330,000. Strategic Value Bank Partners LLC raised its stake in Berkshire Hills Bancorp by 134.6% during the 1st quarter. Strategic Value Bank Partners LLC now owns 530,489 shares of the savings and loans company's stock valued at $13,840,000 after acquiring an additional 304,376 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Berkshire Hills Bancorp by 79.3% during the 4th quarter. Millennium Management LLC now owns 537,221 shares of the savings and loans company's stock valued at $15,273,000 after acquiring an additional 237,607 shares during the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp Price Performance

BHLB stock traded down $0.65 on Wednesday, reaching $25.66. 2,575,853 shares of the company's stock were exchanged, compared to its average volume of 509,286. The stock has a fifty day moving average of $25.72 and a 200-day moving average of $25.61. Berkshire Hills Bancorp, Inc. has a twelve month low of $22.27 and a twelve month high of $32.36. The firm has a market cap of $1.19 billion, a PE ratio of 10.02 and a beta of 0.73. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18.

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 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.11. Berkshire Hills Bancorp had a return on equity of 9.45% and a net margin of 15.93%.The company had revenue of $113.67 million during the quarter, compared to the consensus estimate of $113.34 million. During the same quarter last year, the company earned $0.55 earnings per share. Berkshire Hills Bancorp's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal 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. This represents a $0.72 annualized dividend and a yield of 2.8%. 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.