Deutsche Bank AG Grows Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Deutsche Bank AG boosted its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 46.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,581 shares of the savings and loans company’s stock after purchasing an additional 11,932 shares during the period. Deutsche Bank AG owned approximately 0.09% of Berkshire Hills Bancorp worth $1,068,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BHLB. Smartleaf Asset Management LLC raised its stake in Berkshire Hills Bancorp by 282.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company’s stock valued at $31,000 after acquiring an additional 821 shares during the last quarter. Quarry LP raised its stake in shares of Berkshire Hills Bancorp by 142.7% during the fourth quarter. Quarry LP now owns 1,291 shares of the savings and loans company’s stock worth $37,000 after purchasing an additional 759 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Berkshire Hills Bancorp by 805.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,376 shares of the savings and loans company’s stock worth $39,000 after purchasing an additional 1,224 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Berkshire Hills Bancorp by 2,259.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,265 shares of the savings and loans company’s stock worth $64,000 after purchasing an additional 2,169 shares during the period. Finally, KBC Group NV grew its position in Berkshire Hills Bancorp by 57.8% in the 4th quarter. KBC Group NV now owns 2,869 shares of the savings and loans company’s stock valued at $82,000 after buying an additional 1,051 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Berkshire Hills Bancorp Stock Down 1.1%

BHLB opened at $24.82 on Monday. 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 12 month low of $20.76 and a 12 month high of $32.36. The stock has a market capitalization of $1.15 billion, a P/E ratio of 17.24 and a beta of 0.53. The business has a 50 day simple moving average of $25.10 and a 200-day simple moving average of $27.60.

Berkshire Hills Bancorp (NYSE:BHLB) last issued 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. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%. The company had revenue of $110.44 million for the quarter, compared to analyst estimates of $109.71 million. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, May 15th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 29.15%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $31.00 price objective on shares of Berkshire Hills Bancorp in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Berkshire Hills Bancorp has a consensus rating of “Moderate Buy” and an average price target 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.