Amalgamated Bank Sells 454 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Amalgamated Bank cut its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,505 shares of the savings and loans company’s stock after selling 454 shares during the period. Amalgamated Bank’s holdings in Berkshire Hills Bancorp were worth $337,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in Berkshire Hills Bancorp by 77.5% in the 1st quarter. BNP Paribas Financial Markets now owns 21,698 shares of the savings and loans company’s stock valued at $497,000 after buying an additional 9,472 shares during the period. Sei Investments Co. raised its position in Berkshire Hills Bancorp by 12.6% in the first quarter. Sei Investments Co. now owns 97,420 shares of the savings and loans company’s stock worth $2,233,000 after purchasing an additional 10,903 shares in the last quarter. ProShare Advisors LLC lifted its stake in Berkshire Hills Bancorp by 7.4% during the first quarter. ProShare Advisors LLC now owns 8,752 shares of the savings and loans company’s stock worth $201,000 after purchasing an additional 601 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Berkshire Hills Bancorp by 52.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,209 shares of the savings and loans company’s stock valued at $481,000 after purchasing an additional 6,620 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Berkshire Hills Bancorp in the 1st quarter valued at approximately $146,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Berkshire Hills Bancorp Trading Down 0.3 %

BHLB opened at $30.60 on Monday. Berkshire Hills Bancorp, Inc. has a 1-year low of $20.50 and a 1-year high of $32.00. The stock has a market capitalization of $1.32 billion, a PE ratio of 32.21 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $27.56 and a two-hundred day moving average price of $25.37.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm had revenue of $125.70 million during the quarter, compared to analysts’ expectations of $119.61 million. Berkshire Hills Bancorp had a net margin of 5.86% and a return on equity of 8.68%. Berkshire Hills Bancorp’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, equities analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a $0.18 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.35%. Berkshire Hills Bancorp’s payout ratio is 75.79%.

Analyst Ratings Changes

BHLB has been the topic of several recent analyst reports. StockNews.com raised Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Janney Montgomery Scott lowered shares of Berkshire Hills Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.