Berkshire Hills Bancorp, Inc. (BHLB) Stake Lowered by Guggenheim Capital LLC

Guggenheim Capital LLC cut its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,622 shares of the savings and loans company’s stock after selling 12,311 shares during the period. Guggenheim Capital LLC owned about 0.16% of Berkshire Hills Bancorp worth $1,939,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BHLB. Cornercap Investment Counsel Inc. increased its position in shares of Berkshire Hills Bancorp by 1.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 20,725 shares of the savings and loans company’s stock worth $764,000 after buying an additional 250 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of 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 worth $816,000 after buying an additional 329 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Berkshire Hills Bancorp by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 8,955 shares of the savings and loans company’s stock worth $248,000 after buying an additional 1,019 shares during the period. Bessemer Group Inc. raised its stake in shares of Berkshire Hills Bancorp by 2.8% in the fourth quarter. Bessemer Group Inc. now owns 47,603 shares of the savings and loans company’s stock worth $1,754,000 after buying an additional 1,303 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of 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 worth $371,000 after buying an additional 1,593 shares during the period. 65.45% of the stock is owned by institutional investors.

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

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) traded up 0.88% during midday trading on Thursday, hitting $34.55. 31,669 shares of the stock traded hands. Berkshire Hills Bancorp, Inc. has a one year low of $24.80 and a one year high of $37.45. The company’s 50 day moving average is $34.93 and its 200-day moving average is $33.84. The company has a market cap of $1.22 billion, a P/E ratio of 18.38 and a beta of 0.60.

Berkshire Hills Bancorp (NYSE:BHLB) last announced its earnings results on Monday, January 30th. The savings and loans company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. Berkshire Hills Bancorp had a net margin of 16.94% and a return on equity of 7.43%. The company earned $75.88 million during the quarter, compared to analysts’ expectations of $81.85 million. On average, equities research analysts forecast that Berkshire Hills Bancorp, Inc. will post $2.34 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/04/20/berkshire-hills-bancorp-inc-bhlb-stake-reduced-by-guggenheim-capital-llc-updated.html.

A number of brokerages have recently weighed in on BHLB. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a report on Tuesday, April 4th. Finally, Compass Point raised shares of Berkshire Hills Bancorp from a “sell” rating to a “neutral” rating in a report on Tuesday, January 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Berkshire Hills Bancorp currently has an average rating of “Hold” and a consensus price target of $34.00.

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.

5 Day Chart for NYSE:BHLB

Receive News & Ratings for Berkshire Hills Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkshire Hills Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply