Jupiter Asset Management Ltd. bought a new position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 155,573 shares of the savings and loans company's stock, valued at approximately $4,059,000. Jupiter Asset Management Ltd. owned 0.34% of Berkshire Hills Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of BHLB. SummerHaven Investment Management LLC increased its position in Berkshire Hills Bancorp by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 34,290 shares of the savings and loans company's stock valued at $895,000 after acquiring an additional 489 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Berkshire Hills Bancorp by 5.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,423 shares of the savings and loans company's stock worth $272,000 after acquiring an additional 500 shares during the period. Amalgamated Bank grew its stake in shares of Berkshire Hills Bancorp by 4.2% in the first quarter. Amalgamated Bank now owns 12,917 shares of the savings and loans company's stock worth $337,000 after purchasing an additional 524 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Berkshire Hills Bancorp by 3.5% during the first quarter. Yousif Capital Management LLC now owns 16,543 shares of the savings and loans company's stock valued at $432,000 after purchasing an additional 564 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Berkshire Hills Bancorp by 7.2% during the fourth quarter. Bank of Montreal Can now owns 10,292 shares of the savings and loans company's stock valued at $293,000 after purchasing an additional 690 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.
Berkshire Hills Bancorp Price Performance
Shares of NYSE:BHLB opened at $24.31 on Monday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.50 and a beta of 0.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02. Berkshire Hills Bancorp, Inc. has a 12 month low of $22.27 and a 12 month high of $32.36. The stock's 50 day moving average price is $25.39 and its 200 day moving average price is $26.15.
Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.11. The company 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 company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Equities research 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.0%. Berkshire Hills Bancorp's payout ratio is 28.13%.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $31.00 target price on shares of Berkshire Hills Bancorp in a research report on Monday, April 28th.
View Our Latest Research Report on Berkshire Hills Bancorp
Berkshire Hills Bancorp Company Profile
(
Free Report)
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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Want to see what other hedge funds are holding BHLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report).
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