Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Position Trimmed by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,900 shares of the savings and loans company's stock after selling 19,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.43% of Berkshire Hills Bancorp worth $5,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Berkshire Hills Bancorp by 282.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock valued at $31,000 after acquiring an additional 821 shares during the period. Quarry LP increased its position in shares of Berkshire Hills Bancorp by 142.7% in the fourth quarter. Quarry LP now owns 1,291 shares of the savings and loans company's stock worth $37,000 after acquiring an additional 759 shares in the last quarter. Sterling Capital Management LLC lifted 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 valued at $39,000 after acquiring an additional 1,224 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in 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 purchasing an additional 2,169 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Berkshire Hills Bancorp by 57.8% in the fourth quarter. KBC Group NV now owns 2,869 shares of the savings and loans company's stock worth $82,000 after buying an additional 1,051 shares during the period. Hedge funds and other institutional investors own 83.07% of the company's stock.

Berkshire Hills Bancorp Stock Down 0.5%

BHLB traded down $0.13 on Friday, reaching $24.96. The company's stock had a trading volume of 38,628 shares, compared to its average volume of 385,423. The business's 50 day moving average is $24.99 and its 200 day moving average is $27.48. Berkshire Hills Bancorp, Inc. has a 1 year low of $20.76 and a 1 year high of $32.36. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 17.33 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $110.44 million during the quarter, compared to analyst estimates of $109.71 million. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. As a group, research analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.52 EPS 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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, May 15th. Berkshire Hills Bancorp's dividend payout ratio is currently 29.15%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $31.00 price target on shares of Berkshire Hills Bancorp in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.13.

About Berkshire Hills Bancorp

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.