Dupont Capital Management Corp Purchases New Stake in Berkshire Hills Bancorp, Inc. (BHLB)

Dupont Capital Management Corp bought a new stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,444 shares of the savings and loans company’s stock, valued at approximately $931,000. Dupont Capital Management Corp owned approximately 0.06% of Berkshire Hills Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Berkshire Hills Bancorp by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,215,961 shares of the savings and loans company’s stock valued at $124,617,000 after purchasing an additional 192,322 shares in the last quarter. Vanguard Group Inc. grew its stake in Berkshire Hills Bancorp by 20.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,124,148 shares of the savings and loans company’s stock valued at $109,814,000 after purchasing an additional 540,080 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Berkshire Hills Bancorp by 29.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,137,717 shares of the savings and loans company’s stock valued at $39,991,000 after purchasing an additional 255,429 shares in the last quarter. State Street Corp grew its stake in Berkshire Hills Bancorp by 3.8% during the 2nd quarter. State Street Corp now owns 1,096,485 shares of the savings and loans company’s stock valued at $38,546,000 after purchasing an additional 39,632 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Berkshire Hills Bancorp by 17.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,061,154 shares of the savings and loans company’s stock valued at $41,119,000 after purchasing an additional 158,961 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) traded down $0.03 on Thursday, hitting $37.67. The stock had a trading volume of 54,684 shares, compared to its average volume of 211,259. The firm has a market cap of $1,671.20, a price-to-earnings ratio of 25.47 and a beta of 0.70. Berkshire Hills Bancorp, Inc. has a one year low of $32.85 and a one year high of $40.00. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $115.66 million for the quarter, compared to the consensus estimate of $115.50 million. Berkshire Hills Bancorp had a return on equity of 7.44% and a net margin of 11.37%. sell-side analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a $0.22 dividend. This is an increase from Berkshire Hills Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.34%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 56.76%.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, January 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $42.50 target price on shares of Berkshire Hills Bancorp in a research report on Tuesday, January 9th. Finally, BidaskClub lowered Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.30.

In other Berkshire Hills Bancorp news, Director James Williar Dunlaevy sold 7,455 shares of Berkshire Hills Bancorp stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $39.30, for a total transaction of $292,981.50. Following the sale, the director now owns 67,747 shares of the company’s stock, valued at approximately $2,662,457.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Carroll sold 2,000 shares of Berkshire Hills Bancorp stock in a transaction on Friday, December 1st. The shares were sold at an average price of $38.50, for a total value of $77,000.00. Following the sale, the insider now directly owns 7,255 shares in the company, valued at approximately $279,317.50. The disclosure for this sale can be found here. In the last three months, insiders purchased 14,438 shares of company stock worth $538,624. Company insiders own 2.82% of the company’s stock.

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Berkshire Hills Bancorp Profile

Berkshire Hills Bancorp, Inc (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal customers in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

Institutional Ownership by Quarter for Berkshire Hills Bancorp (NYSE:BHLB)

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