nVerses Capital LLC Increases Position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

nVerses Capital LLC boosted its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 233.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,000 shares of the savings and loans company’s stock after acquiring an additional 1,400 shares during the period. nVerses Capital LLC’s holdings in Berkshire Hills Bancorp were worth $54,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Berkshire Hills Bancorp by 3.2% in the fourth quarter. Wellington Management Group LLP now owns 1,426,599 shares of the savings and loans company’s stock valued at $35,422,000 after purchasing an additional 43,822 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Berkshire Hills Bancorp in the 2nd quarter worth about $6,330,000. LSV Asset Management grew its holdings in Berkshire Hills Bancorp by 116.2% in the 1st quarter. LSV Asset Management now owns 680,903 shares of the savings and loans company’s stock valued at $15,606,000 after buying an additional 365,952 shares during the period. Renaissance Technologies LLC increased its stake in shares of Berkshire Hills Bancorp by 60.4% during the 2nd quarter. Renaissance Technologies LLC now owns 422,621 shares of the savings and loans company’s stock valued at $9,636,000 after acquiring an additional 159,200 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Berkshire Hills Bancorp by 12.6% during the 1st quarter. Sei Investments Co. now owns 97,420 shares of the savings and loans company’s stock worth $2,233,000 after acquiring an additional 10,903 shares during the period. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BHLB. StockNews.com upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Janney Montgomery Scott cut shares of Berkshire Hills Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research note on Monday, July 22nd. Finally, Hovde Group increased their target price on Berkshire Hills Bancorp from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.80.

Berkshire Hills Bancorp Trading Down 2.7 %

Shares of BHLB stock opened at $27.27 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.28. Berkshire Hills Bancorp, Inc. has a fifty-two week low of $18.31 and a fifty-two week high of $28.51. The firm’s 50 day moving average price is $26.78 and its two-hundred day moving average price is $24.39. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 54.54 and a beta of 0.86.

Berkshire Hills Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were given a dividend of $0.18 per share. The ex-dividend date was Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a yield of 2.64%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 144.00%.

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.