Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,979 shares of the savings and loans company’s stock after selling 450 shares during the quarter. Yousif Capital Management LLC’s holdings in Berkshire Hills Bancorp were worth $454,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BHLB. Wellington Management Group LLP grew its stake in shares of Berkshire Hills Bancorp by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,664,138 shares of the savings and loans company’s stock worth $44,815,000 after purchasing an additional 293,784 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Berkshire Hills Bancorp during the fourth quarter worth about $6,672,000. Systematic Financial Management LP grew its position in Berkshire Hills Bancorp by 13.7% during the third quarter. Systematic Financial Management LP now owns 952,627 shares of the savings and loans company’s stock worth $25,654,000 after buying an additional 114,433 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Berkshire Hills Bancorp by 28.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 340,694 shares of the savings and loans company’s stock valued at $9,175,000 after buying an additional 75,476 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Berkshire Hills Bancorp by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,673 shares of the savings and loans company’s stock valued at $5,135,000 after acquiring an additional 72,402 shares during the period. 83.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Berkshire Hills Bancorp news, EVP Ellen Tulchiner sold 1,052 shares of Berkshire Hills Bancorp stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $29.97, for a total value of $31,528.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BHLB shares. Seaport Res Ptn raised Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods upped their target price on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a “market perform” rating in a report on Tuesday, December 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $31.00 price target on shares of Berkshire Hills Bancorp in a research note on Friday, January 31st. Finally, Piper Sandler raised shares of Berkshire Hills Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.13.

Berkshire Hills Bancorp Stock Performance

NYSE BHLB opened at $29.35 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. Berkshire Hills Bancorp, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $32.36. The business has a fifty day moving average of $28.84 and a 200-day moving average of $28.14. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 20.38 and a beta of 0.88.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. Berkshire Hills Bancorp had a net margin of 8.56% and a return on equity of 8.91%. As a group, analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current fiscal year.

Berkshire Hills Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.18 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.72 annualized dividend and a yield of 2.45%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

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.