Berkshire Hills Bancorp, Inc. (BHLB) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors reduced its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 15.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,081 shares of the savings and loans company’s stock after selling 15,533 shares during the period. Nationwide Fund Advisors owned about 0.24% of Berkshire Hills Bancorp worth $3,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in shares of Berkshire Hills Bancorp by 0.5% in the first quarter. Russell Investments Group Ltd. now owns 52,397 shares of the savings and loans company’s stock worth $1,889,000 after acquiring an additional 279 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Berkshire Hills Bancorp by 115.1% in the first quarter. Wells Fargo & Company MN now owns 82,145 shares of the savings and loans company’s stock worth $2,963,000 after acquiring an additional 43,960 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Berkshire Hills Bancorp by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 313,219 shares of the savings and loans company’s stock worth $11,292,000 after acquiring an additional 13,596 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Berkshire Hills Bancorp in the first quarter worth approximately $695,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Berkshire Hills Bancorp in the first quarter worth approximately $101,000. 74.09% of the stock is currently owned by institutional investors.

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A number of analysts have recently issued reports on BHLB shares. Zacks Investment Research lowered Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub upgraded Berkshire Hills Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.92.

Shares of Berkshire Hills Bancorp, Inc. (NYSE BHLB) opened at 39.15 on Thursday. Berkshire Hills Bancorp, Inc. has a 52-week low of $27.25 and a 52-week high of $39.75. The stock has a market cap of $1.56 billion, a P/E ratio of 21.62 and a beta of 0.67. The firm has a 50-day moving average price of $35.76 and a 200-day moving average price of $35.80.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Wednesday, July 19th. 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 $102.34 million for the quarter, compared to analysts’ expectations of $102.75 million. Berkshire Hills Bancorp had a return on equity of 6.93% and a net margin of 15.03%. On average, analysts anticipate that Berkshire Hills Bancorp, Inc. will post $2.26 EPS for the current fiscal year.

In other news, EVP Richard M. Marotta sold 9,500 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $33.32, for a total transaction of $316,540.00. Following the sale, the executive vice president now directly owns 28,523 shares of the company’s stock, valued at $950,386.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Murphy bought 1,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $34.25 per share, for a total transaction of $34,250.00. Following the completion of the transaction, the director now owns 9,668 shares of the company’s stock, valued at approximately $331,129. The disclosure for this purchase can be found here. Company insiders own 2.82% of the company’s stock.

About Berkshire Hills Bancorp

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.

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

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