FJ Capital Management LLC Acquires Shares of 76,988 Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

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

Several other institutional investors and hedge funds also recently made changes to their positions in BHLB. Barclays PLC increased its holdings in Berkshire Hills Bancorp by 105.0% in the 3rd quarter. Barclays PLC now owns 96,380 shares of the savings and loans company's stock worth $2,595,000 after buying an additional 49,356 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Berkshire Hills Bancorp by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,673 shares of the savings and loans company's stock valued at $5,135,000 after purchasing an additional 72,402 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Berkshire Hills Bancorp during the 4th quarter valued at about $6,672,000. KBC Group NV grew its position in shares of Berkshire Hills Bancorp by 57.8% during the 4th quarter. KBC Group NV now owns 2,869 shares of the savings and loans company's stock valued at $82,000 after acquiring an additional 1,051 shares during the period. Finally, Plimoth Trust Co. LLC bought a new position in shares of Berkshire Hills Bancorp during the 4th quarter valued at approximately $204,000. Institutional investors own 83.07% of the company's stock.

Berkshire Hills Bancorp Trading Down 0.6%

Shares of NYSE:BHLB traded down $0.17 during trading hours on Wednesday, hitting $26.61. 178,513 shares of the company's stock traded hands, compared to its average volume of 505,542. The firm has a market capitalization of $1.23 billion, a P/E ratio of 18.48 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, Inc. has a 1 year low of $20.75 and a 1 year high of $32.36. The business has a fifty day moving average price of $25.12 and a 200-day moving average price of $27.72.

Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The business 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 company's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Equities analysts expect that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current year.

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.71%. Berkshire Hills Bancorp's dividend payout ratio is currently 29.15%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated a "sector perform" rating and issued a $31.00 price target on shares of Berkshire Hills Bancorp in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Berkshire Hills Bancorp currently 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.