Russell Investments Group Ltd. Has $748,000 Holdings in Berkshire Hills Bancorp, Inc. $BHLB

Russell Investments Group Ltd. raised its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 1,166.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,677 shares of the savings and loans company’s stock after buying an additional 26,412 shares during the period. Russell Investments Group Ltd. owned 0.06% of Berkshire Hills Bancorp worth $748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in Berkshire Hills Bancorp by 4.2% in the first quarter. Amalgamated Bank now owns 12,917 shares of the savings and loans company’s stock valued at $337,000 after buying an additional 524 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Berkshire Hills Bancorp by 3.0% in the first quarter. Illinois Municipal Retirement Fund now owns 23,447 shares of the savings and loans company’s stock valued at $612,000 after buying an additional 693 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Berkshire Hills Bancorp by 153.6% in the first quarter. Allianz Asset Management GmbH now owns 31,700 shares of the savings and loans company’s stock valued at $827,000 after buying an additional 19,200 shares in the last quarter. Strategic Value Bank Partners LLC boosted its position in Berkshire Hills Bancorp by 134.6% in the first 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 buying an additional 304,376 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Berkshire Hills Bancorp by 11.0% in the first quarter. Principal Financial Group Inc. now owns 226,935 shares of the savings and loans company’s stock valued at $5,921,000 after buying an additional 22,454 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Berkshire Hills Bancorp Price Performance

NYSE:BHLB opened at $26.11 on Friday. 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 cap of $1.21 billion, a PE ratio of 10.20 and a beta of 0.66. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $25.68 and its two-hundred day moving average price is $25.69.

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 for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. Berkshire Hills Bancorp had a net margin of 15.93% and a return on equity of 9.45%. The company had revenue of $113.67 million during the quarter, compared to the consensus estimate of $113.34 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.8%. Berkshire Hills Bancorp’s payout ratio is currently 28.13%.

About Berkshire Hills Bancorp

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.