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

Yousif Capital Management LLC lowered its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Barclays PLC boosted its holdings in Berkshire Hills Bancorp by 105.0% in the third quarter. Barclays PLC now owns 96,380 shares of the savings and loans company’s stock valued at $2,595,000 after purchasing an additional 49,356 shares during the last quarter. State Street Corp raised its position in shares of Berkshire Hills Bancorp by 0.9% in the 3rd quarter. State Street Corp now owns 2,119,475 shares of the savings and loans company’s stock valued at $57,455,000 after purchasing an additional 18,307 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 buying an additional 72,402 shares during the last quarter. Systematic Financial Management LP grew its position in shares of 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 in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Berkshire Hills Bancorp in the fourth quarter worth $6,672,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp Trading Down 0.8 %

Shares of NYSE:BHLB opened at $29.35 on Tuesday. 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 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.26 billion, a PE ratio of 20.38 and a beta of 0.88. The company’s 50-day moving average price is $28.84 and its 200 day moving average price is $28.14.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. Sell-side analysts anticipate that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current year.

Berkshire Hills Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be issued a dividend of $0.18 per share. 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 payout ratio is 50.00%.

Insider Buying and Selling at Berkshire Hills Bancorp

In other Berkshire Hills Bancorp news, EVP Ellen Tulchiner sold 1,052 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $29.97, for a total value of $31,528.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.