American International Group Inc. Boosts Holdings in Berkshire Hills Bancorp, Inc. (BHLB)

American International Group Inc. raised its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,601 shares of the savings and loans company’s stock after acquiring an additional 3,545 shares during the quarter. American International Group Inc. owned about 0.06% of Berkshire Hills Bancorp worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. grew its position 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 worth $110,000 after buying an additional 318 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Berkshire Hills Bancorp during the 2nd quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $121,000 after buying an additional 2,500 shares during the period. BNP Paribas Arbitrage SA grew its position 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 worth $154,000 after buying an additional 2,471 shares during the period. Finally, US Bancorp DE grew its position 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 worth $160,000 after buying an additional 1,843 shares during the period. Institutional investors own 67.21% of the company’s stock.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) opened at $38.05 on Wednesday. The stock has a market cap of $1,747.32, a P/E ratio of 16.93 and a beta of 0.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.91. Berkshire Hills Bancorp, Inc. has a 1-year low of $32.85 and a 1-year high of $40.00.

Berkshire Hills Bancorp (NYSE:BHLB) last issued 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 Zacks’ consensus estimate of $0.58 by $0.01. The firm had revenue of $100.83 million during the quarter, compared to analysts’ expectations of $107.60 million. Berkshire Hills Bancorp had a net margin of 15.54% and a return on equity of 6.93%. equities analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Wednesday, November 8th. Berkshire Hills Bancorp’s dividend payout ratio is currently 45.16%.

In related news, Director William J. Ryan purchased 3,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $37.87 per share, with a total value of $113,610.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Williar Dunlaevy sold 7,455 shares of Berkshire Hills Bancorp stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $39.30, for a total transaction of $292,981.50. Following the completion of the transaction, the director now directly owns 67,747 shares in the company, valued at approximately $2,662,457.10. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on BHLB shares. BidaskClub upgraded shares of Berkshire Hills Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Monday, September 18th. Piper Jaffray Companies restated a “buy” rating and set a $39.50 price objective on shares of Berkshire Hills Bancorp in a report on Sunday, October 22nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 price objective on shares of Berkshire Hills Bancorp in a report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.90.

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Berkshire Hills Bancorp Profile

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.

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Institutional Ownership by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

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