Insider Selling: Berkshire Hills Bancorp, Inc. (BHLB) Insider Sells $77,000.00 in Stock

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) insider Michael D. Carroll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $38.50, for a total value of $77,000.00. Following the completion of the sale, the insider now owns 7,255 shares in the company, valued at approximately $279,317.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Berkshire Hills Bancorp, Inc. (BHLB) opened at $38.75 on Monday. The stock has a market capitalization of $1,754.11, a P/E ratio of 17.00 and a beta of 0.68. Berkshire Hills Bancorp, Inc. has a 12-month low of $32.85 and a 12-month high of $40.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.89.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $100.83 million for the quarter, compared to analysts’ expectations of $107.60 million. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.54%. equities analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.84 annualized dividend and a yield of 2.17%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 45.16%.

BHLB has been the topic of several recent research reports. Piper Jaffray Companies restated a “buy” rating and issued a $39.50 price target on shares of Berkshire Hills Bancorp in a research note on Sunday, October 22nd. Zacks Investment Research raised Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday, September 11th. Jefferies Group reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday, September 15th. BidaskClub raised Berkshire Hills Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Finally, FIG Partners reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Berkshire Hills Bancorp in a research report on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Berkshire Hills Bancorp has an average rating of “Hold” and a consensus price target of $40.90.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its holdings in shares of Berkshire Hills Bancorp by 11.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock valued at $110,000 after buying an additional 318 shares during the period. Quantbot Technologies LP bought a new position in shares of Berkshire Hills Bancorp during the 2nd quarter valued at $112,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Berkshire Hills Bancorp by 263.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock valued at $121,000 after buying an additional 2,500 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Berkshire Hills Bancorp by 129.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the savings and loans company’s stock valued at $154,000 after buying an additional 2,471 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Berkshire Hills Bancorp by 68.3% during the 2nd quarter. US Bancorp DE now owns 4,543 shares of the savings and loans company’s stock valued at $160,000 after buying an additional 1,843 shares during the period. 66.31% of the stock is currently owned by institutional investors and hedge funds.

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About Berkshire Hills Bancorp

Berkshire Hills Bancorp, Inc (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

Insider Buying and Selling by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

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