8,965 Shares in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,965 shares of the savings and loans company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC boosted its stake in shares of Berkshire Hills Bancorp by 233.3% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the savings and loans company’s stock valued at $54,000 after buying an additional 1,400 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Berkshire Hills Bancorp in the second quarter valued at $104,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Berkshire Hills Bancorp by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,879 shares of the savings and loans company’s stock worth $134,000 after purchasing an additional 2,169 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Berkshire Hills Bancorp during the 1st quarter worth $146,000. Finally, ProShare Advisors LLC increased its holdings in shares of Berkshire Hills Bancorp by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 8,752 shares of the savings and loans company’s stock valued at $201,000 after purchasing an additional 601 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Berkshire Hills Bancorp Stock Up 0.5 %

Shares of NYSE BHLB opened at $27.49 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average is $26.86 and its two-hundred day moving average is $24.45. Berkshire Hills Bancorp, Inc. has a 12-month low of $18.31 and a 12-month high of $28.51. The company has a market capitalization of $1.19 billion, a PE ratio of 54.98 and a beta of 0.86.

Berkshire Hills Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Monday, September 30th. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 144.00%.

Berkshire Hills Bancorp 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.