Callan Family Office LLC Reduces Stock Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Callan Family Office LLC reduced its holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 41.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,121 shares of the savings and loans company’s stock after selling 7,249 shares during the period. Callan Family Office LLC’s holdings in Berkshire Hills Bancorp were worth $264,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BHLB. Meeder Asset Management Inc. boosted its holdings in shares of Berkshire Hills Bancorp by 130.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,374 shares of the savings and loans company’s stock valued at $36,000 after acquiring an additional 779 shares during the last quarter. Quarry LP boosted its holdings in shares of Berkshire Hills Bancorp by 142.7% in the 4th quarter. Quarry LP now owns 1,291 shares of the savings and loans company’s stock valued at $37,000 after acquiring an additional 759 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Berkshire Hills Bancorp by 805.3% in 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. boosted its holdings in shares of Berkshire Hills Bancorp by 2,259.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,265 shares of the savings and loans company’s stock valued at $64,000 after acquiring an additional 2,169 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Berkshire Hills Bancorp by 508.7% in the 1st quarter. CWM LLC now owns 4,413 shares of the savings and loans company’s stock valued at $115,000 after acquiring an additional 3,688 shares during the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $31.00 price objective on shares of Berkshire Hills Bancorp in a report on Monday, April 28th.

Berkshire Hills Bancorp Stock Performance

Shares of NYSE BHLB opened at $25.67 on Friday. The company’s fifty day moving average price is $25.38 and its 200 day moving average price is $25.96. Berkshire Hills Bancorp, Inc. has a 1 year low of $22.27 and a 1 year high of $32.36. The company has a market capitalization of $1.19 billion, a PE ratio of 10.03 and a beta of 0.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 0.99.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. Berkshire Hills Bancorp had a net margin of 15.93% and a return on equity of 9.45%. The firm had revenue of $113.67 million for the quarter, compared to the consensus estimate of $113.34 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 earnings per share for the current year.

Berkshire Hills Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.8%. Berkshire Hills Bancorp’s dividend payout ratio is 28.13%.

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.