US Bancorp DE Has $141,000 Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

US Bancorp DE reduced its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 74.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,396 shares of the savings and loans company’s stock after selling 15,621 shares during the period. US Bancorp DE’s holdings in Berkshire Hills Bancorp were worth $141,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. acquired a new position in shares of Berkshire Hills Bancorp during the 4th quarter valued at about $29,410,000. Bayview Asset Management LLC acquired a new position in shares of Berkshire Hills Bancorp during the 4th quarter valued at about $9,330,000. Strategic Value Bank Partners LLC increased its holdings in shares of Berkshire Hills Bancorp by 134.6% during the 1st quarter. Strategic Value Bank Partners LLC now owns 530,489 shares of the savings and loans company’s stock valued at $13,840,000 after acquiring an additional 304,376 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Berkshire Hills Bancorp by 79.3% during the 4th quarter. Millennium Management LLC now owns 537,221 shares of the savings and loans company’s stock valued at $15,273,000 after acquiring an additional 237,607 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Berkshire Hills Bancorp by 83.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 429,887 shares of the savings and loans company’s stock valued at $11,216,000 after acquiring an additional 195,222 shares during the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Berkshire Hills Bancorp Stock Performance

BHLB opened at $25.23 on Friday. The stock’s 50 day moving average price is $25.39 and its two-hundred day moving average price is $25.92. The company has a quick ratio of 1.02, a current ratio of 0.99 and a debt-to-equity ratio of 0.18. Berkshire Hills Bancorp, Inc. has a 12-month low of $22.27 and a 12-month high of $32.36. The firm has a market capitalization of $1.17 billion, a P/E ratio of 9.86 and a beta of 0.66.

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

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, August 14th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 28.13%.

Wall Street Analysts Forecast Growth

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

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.