SummerHaven Investment Management LLC Grows Stock Holdings in Berkshire Hills Bancorp, Inc. $BHLB

SummerHaven Investment Management LLC grew its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,882 shares of the savings and loans company’s stock after buying an additional 592 shares during the quarter. SummerHaven Investment Management LLC owned 0.08% of Berkshire Hills Bancorp worth $873,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in Berkshire Hills Bancorp by 7.5% during the second quarter. State of Alaska Department of Revenue now owns 27,161 shares of the savings and loans company’s stock worth $679,000 after buying an additional 1,891 shares during the period. ST Germain D J Co. Inc. grew its stake in Berkshire Hills Bancorp by 27.9% during the second quarter. ST Germain D J Co. Inc. now owns 6,095 shares of the savings and loans company’s stock worth $153,000 after buying an additional 1,328 shares during the period. GAMMA Investing LLC grew its stake in Berkshire Hills Bancorp by 180.0% during the second quarter. GAMMA Investing LLC now owns 1,683 shares of the savings and loans company’s stock worth $42,000 after buying an additional 1,082 shares during the period. Voya Investment Management LLC boosted its stake in shares of Berkshire Hills Bancorp by 9.7% in the first quarter. Voya Investment Management LLC now owns 229,502 shares of the savings and loans company’s stock valued at $5,988,000 after purchasing an additional 20,257 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Berkshire Hills Bancorp by 17.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,694 shares of the savings and loans company’s stock valued at $3,723,000 after purchasing an additional 21,525 shares during the period. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Berkshire Hills Bancorp Price Performance

Shares of BHLB stock opened at $25.66 on Monday. The company has a market capitalization of $1.19 billion, a PE ratio of 10.02 and a beta of 0.73. The firm has a fifty day simple moving average of $25.55 and a 200-day simple moving average of $25.35. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. Berkshire Hills Bancorp, Inc. has a twelve month low of $22.27 and a twelve month high of $32.36.

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

Berkshire Hills Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.18 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.8%. Berkshire Hills Bancorp’s dividend payout ratio is 28.13%.

About Berkshire Hills Bancorp

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.