Yousif Capital Management LLC Sells 525 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Yousif Capital Management LLC reduced its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,229 shares of the savings and loans company’s stock after selling 525 shares during the quarter. Yousif Capital Management LLC’s holdings in Berkshire Hills Bancorp were worth $527,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BHLB. SG Americas Securities LLC bought a new stake in Berkshire Hills Bancorp during the third quarter valued at about $481,000. Berkshire Bank raised its holdings in Berkshire Hills Bancorp by 15.5% during the third quarter. Berkshire Bank now owns 12,584 shares of the savings and loans company’s stock valued at $252,000 after acquiring an additional 1,691 shares during the period. Private Advisor Group LLC bought a new stake in Berkshire Hills Bancorp during the third quarter valued at about $202,000. LSV Asset Management bought a new stake in Berkshire Hills Bancorp during the third quarter valued at about $719,000. Finally, Assenagon Asset Management S.A. bought a new stake in Berkshire Hills Bancorp during the third quarter valued at about $1,146,000. 83.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Baye Adofo-Wilson sold 10,074 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $22.19, for a total transaction of $223,542.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Michael Zaitzeff sold 19,660 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $22.20, for a total transaction of $436,452.00. Following the transaction, the director now directly owns 200,054 shares of the company’s stock, valued at $4,441,198.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Baye Adofo-Wilson sold 10,074 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $22.19, for a total value of $223,542.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,850 shares of company stock valued at $3,437,063. 1.02% of the stock is currently owned by insiders.

Berkshire Hills Bancorp Stock Up 0.3 %

Shares of Berkshire Hills Bancorp stock opened at $22.36 on Monday. Berkshire Hills Bancorp, Inc. has a 1 year low of $18.07 and a 1 year high of $25.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $971.77 million, a price-to-earnings ratio of 44.72 and a beta of 0.87. The firm’s 50-day moving average is $21.85 and its two-hundred day moving average is $22.33.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings data on Thursday, April 18th. The savings and loans company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $169.32 million during the quarter, compared to analysts’ expectations of $107.89 million. Berkshire Hills Bancorp had a return on equity of 8.77% and a net margin of 3.40%. During the same period in the prior year, the business posted $0.63 EPS. As a group, research analysts expect that Berkshire Hills Bancorp, Inc. will post 2.06 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.18 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $0.72 annualized dividend and a yield of 3.22%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 144.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BHLB. Seaport Res Ptn upgraded Berkshire Hills Bancorp from a “sell” rating to a “neutral” rating in a research report on Monday, January 29th. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective on shares of Berkshire Hills Bancorp in a research report on Friday, January 26th. StockNews.com lowered Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Piper Sandler upgraded Berkshire Hills Bancorp from an “underweight” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Berkshire Hills Bancorp from $24.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.00.

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.