Systematic Financial Management LP Has $21.15 Million Stake in Berkshire Hills Bancorp, Inc. (BHLB)

Systematic Financial Management LP trimmed its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 577,782 shares of the savings and loans company’s stock after selling 9,865 shares during the period. Systematic Financial Management LP owned about 1.28% of Berkshire Hills Bancorp worth $21,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its holdings in shares of Berkshire Hills Bancorp by 17.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 22,591 shares of the savings and loans company’s stock valued at $827,000 after purchasing an additional 3,300 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Berkshire Hills Bancorp by 3.7% in the fourth quarter. BlackRock Inc. now owns 2,697,100 shares of the savings and loans company’s stock valued at $98,713,000 after purchasing an additional 96,719 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Berkshire Hills Bancorp by 13.4% in the fourth quarter. Bank of New York Mellon Corp now owns 381,400 shares of the savings and loans company’s stock valued at $13,958,000 after purchasing an additional 45,097 shares during the last quarter. Eagle Boston Investment Management Inc. raised its holdings in shares of Berkshire Hills Bancorp by 7.1% in the fourth quarter. Eagle Boston Investment Management Inc. now owns 287,528 shares of the savings and loans company’s stock valued at $10,523,000 after purchasing an additional 19,046 shares during the last quarter. Finally, Intrust Bank NA purchased a new stake in shares of Berkshire Hills Bancorp in the fourth quarter valued at about $212,000. 68.88% of the stock is currently owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp, Inc. (BHLB) traded down $0.35 during midday trading on Wednesday, reaching $39.40. 126,270 shares of the company were exchanged, compared to its average volume of 196,575. Berkshire Hills Bancorp, Inc. has a 1-year low of $32.85 and a 1-year high of $40.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.90. The stock has a market capitalization of $1,794.36, a P/E ratio of 26.66 and a beta of 0.70.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Berkshire Hills Bancorp had a net margin of 11.37% and a return on equity of 7.09%. The business had revenue of $115.66 million during the quarter, compared to the consensus estimate of $115.50 million. research analysts predict that Berkshire Hills Bancorp, Inc. will post 2.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from Berkshire Hills Bancorp’s previous quarterly dividend of $0.21. Berkshire Hills Bancorp’s dividend payout ratio (DPR) is 59.46%.

In other news, Director Patrick J. Sheehan acquired 8,938 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $37.11 per share, for a total transaction of $331,689.18. Following the completion of the transaction, the director now owns 1,168 shares of the company’s stock, valued at $43,344.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Murphy acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $37.00 per share, with a total value of $37,000.00. Following the completion of the transaction, the director now directly owns 11,884 shares of the company’s stock, valued at approximately $439,708. The disclosure for this purchase can be found here. Insiders have purchased 14,438 shares of company stock valued at $538,624 in the last 90 days. 1.71% of the stock is currently owned by corporate insiders.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a report on Monday. Piper Jaffray Companies restated a “buy” rating and set a $42.50 price objective on shares of Berkshire Hills Bancorp in a report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $41.30.

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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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