Intech Investment Management LLC Sells 3,840 Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Intech Investment Management LLC reduced its stake in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 21.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,101 shares of the savings and loans company’s stock after selling 3,840 shares during the period. Intech Investment Management LLC’s holdings in Berkshire Hills Bancorp were worth $380,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Berkshire Hills Bancorp by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,632,671 shares of the savings and loans company’s stock worth $60,024,000 after acquiring an additional 36,521 shares during the last quarter. American Century Companies Inc. increased its stake in Berkshire Hills Bancorp by 6.5% during the second quarter. American Century Companies Inc. now owns 624,192 shares of the savings and loans company’s stock worth $14,232,000 after acquiring an additional 38,327 shares during the last quarter. Renaissance Technologies LLC increased its stake in Berkshire Hills Bancorp by 60.4% during the second quarter. Renaissance Technologies LLC now owns 422,621 shares of the savings and loans company’s stock worth $9,636,000 after acquiring an additional 159,200 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Berkshire Hills Bancorp during the second quarter valued at approximately $6,330,000. Finally, Millennium Management LLC grew its stake in shares of Berkshire Hills Bancorp by 126.0% during the second quarter. Millennium Management LLC now owns 183,616 shares of the savings and loans company’s stock valued at $4,186,000 after buying an additional 102,384 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

Berkshire Hills Bancorp Trading Down 1.3 %

BHLB opened at $30.32 on Wednesday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 31.92 and a beta of 0.88. The stock’s 50 day moving average price is $28.50 and its 200-day moving average price is $26.02. Berkshire Hills Bancorp, Inc. has a one year low of $20.50 and a one year high of $32.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98.

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

Berkshire Hills Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.37%. Berkshire Hills Bancorp’s payout ratio is 75.79%.

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.