76,988 Shares in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Acquired by FJ Capital Management LLC

FJ Capital Management LLC acquired a new stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,988 shares of the savings and loans company's stock, valued at approximately $2,189,000. FJ Capital Management LLC owned 0.18% of Berkshire Hills Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Berkshire Hills Bancorp by 282.1% in 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 purchasing an additional 821 shares during the period. Quarry LP increased its holdings 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 valued at $37,000 after purchasing an additional 759 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Berkshire Hills Bancorp by 805.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,376 shares of the savings and loans company's stock valued at $39,000 after purchasing an additional 1,224 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Berkshire Hills Bancorp by 2,259.4% in the fourth 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 during the period. Finally, KBC Group NV increased its holdings 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 valued at $82,000 after purchasing an additional 1,051 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.

Berkshire Hills Bancorp Stock Performance

Berkshire Hills Bancorp stock traded down $0.13 during midday trading on Friday, hitting $25.56. 313,290 shares of the company were exchanged, compared to its average volume of 374,660. The firm has a market capitalization of $1.19 billion, a PE ratio of 17.75 and a beta of 0.53. Berkshire Hills Bancorp, Inc. has a fifty-two week low of $20.76 and a fifty-two week high of $32.36. The business has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $27.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last posted its earnings results on Thursday, April 24th. The savings and loans company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm had revenue of $110.44 million for the quarter, compared to analyst estimates of $109.71 million. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. Berkshire Hills Bancorp's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. On average, sell-side analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current year.

Berkshire Hills Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, May 15th. Berkshire Hills Bancorp's payout ratio is currently 29.15%.

Insider Buying and Selling at Berkshire Hills Bancorp

In other Berkshire Hills Bancorp news, EVP Ellen Tulchiner sold 1,052 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $29.97, for a total value of $31,528.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Berkshire Hills Bancorp 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.