7,981 Shares in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,981 shares of the savings and loans company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently added to or reduced their stakes in BHLB. The Manufacturers Life Insurance Company boosted its holdings in shares of Berkshire Hills Bancorp by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 22,799 shares of the savings and loans company’s stock valued at $520,000 after acquiring an additional 1,071 shares during the period. nVerses Capital LLC boosted its holdings in shares of Berkshire Hills Bancorp by 233.3% during the third quarter. nVerses Capital LLC now owns 2,000 shares of the savings and loans company’s stock valued at $54,000 after acquiring an additional 1,400 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Berkshire Hills Bancorp by 5.8% during the first 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 acquiring an additional 1,753 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Berkshire Hills Bancorp by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,879 shares of the savings and loans company’s stock valued at $134,000 after acquiring an additional 2,169 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Berkshire Hills Bancorp by 2.3% during the second quarter. Sei Investments Co. now owns 99,677 shares of the savings and loans company’s stock valued at $2,273,000 after acquiring an additional 2,257 shares during the period. Institutional investors own 83.07% of the company’s stock.

Berkshire Hills Bancorp Stock Performance

BHLB stock opened at $30.48 on Friday. The company has a market capitalization of $1.31 billion, a P/E ratio of 32.08 and a beta of 0.86. The company has a 50-day simple moving average of $28.36 and a 200 day simple moving average of $25.88. Berkshire Hills Bancorp, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $32.36. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33.

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. Berkshire Hills Bancorp had a net margin of 5.86% and a return on equity of 8.68%. The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $119.61 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Berkshire Hills Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.72 annualized dividend and a yield of 2.36%. Berkshire Hills Bancorp’s payout ratio is presently 75.79%.

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.