Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Shares Acquired by Jump Financial LLC

Jump Financial LLC increased its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,942 shares of the savings and loans company’s stock after buying an additional 5,206 shares during the period. Jump Financial LLC owned about 0.07% of Berkshire Hills Bancorp worth $880,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BHLB. Smartleaf Asset Management LLC grew its position in shares of Berkshire Hills Bancorp by 282.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company’s stock worth $31,000 after buying an additional 821 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Berkshire Hills Bancorp by 805.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,376 shares of the savings and loans company’s stock valued at $39,000 after acquiring an additional 1,224 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Berkshire Hills Bancorp by 2,259.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,265 shares of the savings and loans company’s stock worth $64,000 after acquiring an additional 2,169 shares in the last quarter. KBC Group NV increased its position in shares of Berkshire Hills Bancorp by 57.8% in the 4th quarter. KBC Group NV now owns 2,869 shares of the savings and loans company’s stock worth $82,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Plimoth Trust Co. LLC acquired a new stake in shares of Berkshire Hills Bancorp in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Berkshire Hills Bancorp Trading Down 1.2 %

NYSE:BHLB opened at $23.35 on Tuesday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 16.22 and a beta of 0.58. The business has a 50 day simple moving average of $26.10 and a 200 day simple moving average of $27.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. Berkshire Hills Bancorp, Inc. has a 12-month low of $20.76 and a 12-month high of $32.36.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.60 EPS for the quarter, topping 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%. Equities research analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current year.

Berkshire Hills Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.08%. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BHLB. Royal Bank of Canada reissued a “sector perform” rating and issued a $31.00 price objective on shares of Berkshire Hills Bancorp in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their price target on Berkshire Hills Bancorp from $32.00 to $34.50 and gave the company a “market perform” rating in a research report on Tuesday, December 24th. Four 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.13.

Insider Transactions at Berkshire Hills Bancorp

In related news, EVP Ellen Tulchiner sold 1,052 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.02% of the company’s stock.

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.