Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Stake Held by Swiss National Bank

Swiss National Bank continued to hold its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,200 shares of the savings and loans company’s stock at the end of the first quarter. Swiss National Bank owned 0.15% of Berkshire Hills Bancorp worth $1,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BHLB. Russell Investments Group Ltd. increased its position in 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 valued at $1,889,000 after buying an additional 279 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Berkshire Hills Bancorp by 1.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 22,135 shares of the savings and loans company’s stock valued at $816,000 after buying an additional 329 shares during the period. GSA Capital Partners LLP boosted its stake in Berkshire Hills Bancorp by 18.8% in the fourth quarter. GSA Capital Partners LLP now owns 10,057 shares of the savings and loans company’s stock valued at $371,000 after buying an additional 1,593 shares during the period. Bbva Compass Bancshares Inc. boosted its stake in Berkshire Hills Bancorp by 14.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 12,814 shares of the savings and loans company’s stock valued at $462,000 after buying an additional 1,600 shares during the period. Finally, Foundry Partners LLC boosted its stake in Berkshire Hills Bancorp by 15.9% in the first quarter. Foundry Partners LLC now owns 16,250 shares of the savings and loans company’s stock valued at $586,000 after buying an additional 2,225 shares during the period. Hedge funds and other institutional investors own 63.90% of the company’s stock.

Berkshire Hills Bancorp, Inc. (BHLB) traded down 0.55% during trading on Thursday, reaching $36.30. 169,910 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $35.78 and its 200-day moving average is $35.71. The company has a market cap of $1.28 billion, a P/E ratio of 20.17 and a beta of 0.62. Berkshire Hills Bancorp, Inc. has a 12-month low of $25.90 and a 12-month high of $38.65.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Wednesday, July 19th. The savings and loans company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $102.34 million during the quarter, compared to the consensus estimate of $102.75 million. Berkshire Hills Bancorp had a return on equity of 7.05% and a net margin of 15.39%. Analysts predict that Berkshire Hills Bancorp, Inc. will post $2.25 EPS for the current fiscal year.

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A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $42.00 price objective on shares of Berkshire Hills Bancorp in a report on Wednesday, May 3rd. Jefferies Group LLC reissued a “hold” rating and set a $38.00 price target on shares of Berkshire Hills Bancorp in a research report on Monday, May 15th. BidaskClub raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, FIG Partners upgraded shares of Berkshire Hills Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.80.

Berkshire Hills Bancorp Company 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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