Rhumbline Advisers Has $3.04 Million Stock Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Rhumbline Advisers lessened its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 133,274 shares of the savings and loans company’s stock after selling 600 shares during the period. Rhumbline Advisers owned 0.31% of Berkshire Hills Bancorp worth $3,039,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Berkshire Hills Bancorp by 47.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,858 shares of the savings and loans company’s stock valued at $270,000 after buying an additional 3,789 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Berkshire Hills Bancorp in the 2nd quarter valued at $6,330,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Berkshire Hills Bancorp by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,988 shares of the savings and loans company’s stock valued at $734,000 after buying an additional 1,753 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Berkshire Hills Bancorp by 4.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,819 shares of the savings and loans company’s stock valued at $1,142,000 after buying an additional 2,278 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Berkshire Hills Bancorp in the 1st quarter valued at $146,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Berkshire Hills Bancorp Trading Up 1.5 %

BHLB opened at $27.24 on Wednesday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 54.48 and a beta of 0.86. Berkshire Hills Bancorp, Inc. has a 12 month low of $18.31 and a 12 month high of $28.51. The firm’s fifty day simple moving average is $26.33 and its 200 day simple moving average is $23.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.28.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings results on Thursday, July 18th. The savings and loans company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Berkshire Hills Bancorp had a net margin of 3.37% and a return on equity of 8.61%. The firm had revenue of $174.24 million for the quarter, compared to analysts’ expectations of $108.46 million. During the same period in the previous year, the firm posted $0.55 EPS. As a group, research analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BHLB has been the subject of several research analyst reports. Janney Montgomery Scott lowered shares of Berkshire Hills Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Monday, July 22nd. StockNews.com raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Hovde Group boosted their price objective on shares of Berkshire Hills Bancorp from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Berkshire Hills Bancorp has an average rating of “Hold” and a consensus target price of $26.80.

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.