Quantbot Technologies LP Increases Stake in Berkshire Hills Bancorp, Inc. $BHLB

Key Points

• Quantbot Technologies LP increased its stake in Berkshire Hills Bancorp by 64.8%, holding 34,497 shares valued at approximately $900,000.
• Berkshire Hills Bancorp reported $0.69 earnings per share in its most recent quarterly results, exceeding expectations and demonstrating 4.6% revenue growth year-over-year.
• The company declared a quarterly dividend of $0.18 per share, representing a yield of 2.7% and a payout ratio of 28.13%.

Quantbot Technologies LP grew its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 64.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 34,497 shares of the savings and loans company's stock after acquiring an additional 13,566 shares during the period. Quantbot Technologies LP owned about 0.07% of Berkshire Hills Bancorp worth $900,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BHLB. Wells Fargo & Company MN raised its stake in shares of Berkshire Hills Bancorp by 8.6% in the 4th quarter. Wells Fargo & Company MN now owns 28,202 shares of the savings and loans company's stock valued at $802,000 after acquiring an additional 2,242 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Berkshire Hills Bancorp by 2,259.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,265 shares of the savings and loans company's stock valued at $64,000 after acquiring an additional 2,169 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Berkshire Hills Bancorp in the 4th quarter valued at approximately $485,000. Dimensional Fund Advisors LP raised its stake in shares of Berkshire Hills Bancorp by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,686,281 shares of the savings and loans company's stock valued at $76,371,000 after acquiring an additional 10,579 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Berkshire Hills Bancorp by 962.0% in the 4th quarter. Hsbc Holdings PLC now owns 179,779 shares of the savings and loans company's stock valued at $5,077,000 after acquiring an additional 162,850 shares during the period. 83.07% of the stock is owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp Trading Up 0.5%

Shares of Berkshire Hills Bancorp stock traded up $0.14 on Friday, reaching $26.44. The company had a trading volume of 233,388 shares, compared to its average volume of 481,414. The firm's 50 day moving average price is $25.63 and its two-hundred day moving average price is $25.71. The firm has a market cap of $1.23 billion, a PE ratio of 10.32 and a beta of 0.66. Berkshire Hills Bancorp, Inc. has a 52-week low of $22.27 and a 52-week high of $32.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 0.99.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.11. The business had revenue of $113.67 million for 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 business's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. Sell-side analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend 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.