SG Americas Securities LLC Takes Position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

SG Americas Securities LLC purchased a new stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,146 shares of the savings and loans company’s stock, valued at approximately $623,000. SG Americas Securities LLC owned about 0.05% of Berkshire Hills Bancorp at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BHLB. Dimensional Fund Advisors LP lifted its stake in shares of 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 valued at $60,024,000 after buying an additional 36,521 shares during the period. Wellington Management Group LLP lifted its stake in shares of Berkshire Hills Bancorp by 3.2% during the fourth quarter. Wellington Management Group LLP now owns 1,426,599 shares of the savings and loans company’s stock valued at $35,422,000 after buying an additional 43,822 shares during the period. LSV Asset Management lifted its stake in shares of Berkshire Hills Bancorp by 116.2% during the first quarter. LSV Asset Management now owns 680,903 shares of the savings and loans company’s stock valued at $15,606,000 after buying an additional 365,952 shares during the period. American Century Companies Inc. lifted its stake in shares of 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 valued at $14,232,000 after buying an additional 38,327 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of 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 valued at $9,636,000 after buying an additional 159,200 shares during the period. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Berkshire Hills Bancorp Trading Up 1.5 %

Berkshire Hills Bancorp stock opened at $27.58 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $26.50 and a two-hundred day moving average price of $24.19. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 55.16 and a beta of 0.86. Berkshire Hills Bancorp, Inc. has a 52-week low of $18.31 and a 52-week high of $28.51.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings results on Thursday, July 18th. The savings and loans company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Berkshire Hills Bancorp had a net margin of 3.37% and a return on equity of 8.61%. The company had revenue of $174.24 million during the quarter, compared to analyst estimates of $108.46 million. During the same period in the prior year, the business posted $0.55 EPS. Sell-side analysts expect that Berkshire Hills Bancorp, Inc. will post 2.12 earnings per share for the current year.

Berkshire Hills Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.72 annualized dividend and a dividend yield of 2.61%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 144.00%.

Analyst Ratings Changes

BHLB has been the topic of a number of recent analyst reports. StockNews.com raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Janney Montgomery Scott downgraded shares of 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, Hovde Group increased their price target on shares of Berkshire Hills Bancorp from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, 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.