Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Shares Bought by Cwm LLC

Cwm LLC boosted its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 508.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,413 shares of the savings and loans company’s stock after buying an additional 3,688 shares during the quarter. Cwm LLC’s holdings in Berkshire Hills Bancorp were worth $115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Berkshire Hills Bancorp by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,686,281 shares of the savings and loans company’s stock valued at $76,371,000 after buying an additional 10,579 shares during the period. Invesco Ltd. grew its position in shares of Berkshire Hills Bancorp by 20.8% in the fourth quarter. Invesco Ltd. now owns 1,291,547 shares of the savings and loans company’s stock valued at $36,719,000 after purchasing an additional 222,162 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Berkshire Hills Bancorp in the fourth quarter valued at about $29,410,000. Systematic Financial Management LP grew its position in shares of Berkshire Hills Bancorp by 5.0% in the fourth quarter. Systematic Financial Management LP now owns 999,861 shares of the savings and loans company’s stock valued at $28,426,000 after purchasing an additional 47,234 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Berkshire Hills Bancorp by 1.2% in the fourth quarter. Nuveen Asset Management LLC now owns 665,007 shares of the savings and loans company’s stock valued at $18,906,000 after purchasing an additional 7,564 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

Berkshire Hills Bancorp Stock Down 1.3%

Shares of NYSE BHLB opened at $25.07 on Thursday. The company’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $26.24. Berkshire Hills Bancorp, Inc. has a 52-week low of $22.27 and a 52-week high of $32.36. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 9.79 and a beta of 0.61. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, July 24th. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.11. The business had revenue of $113.67 million for the quarter, compared to analyst estimates of $113.34 million. Berkshire Hills Bancorp had a net margin of 15.93% and a return on equity of 9.45%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. Equities analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, May 15th. Berkshire Hills Bancorp’s dividend payout ratio is currently 28.13%.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $31.00 target price on shares of Berkshire Hills Bancorp in a research report on Monday, April 28th.

Berkshire Hills Bancorp Company 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.