State Board of Administration of Florida Retirement System Maintains Position in Berkshire Hills Bancorp, Inc. (BHLB)

State Board of Administration of Florida Retirement System held its position in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,807 shares of the savings and loans company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned 0.08% of Berkshire Hills Bancorp worth $988,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC increased its position in Berkshire Hills Bancorp by 95.7% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the savings and loans company’s stock valued at $125,000 after buying an additional 2,200 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Berkshire Hills Bancorp during the third quarter valued at approximately $157,000. PNC Financial Services Group Inc. increased its position in 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 valued at $248,000 after buying an additional 1,019 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new position in Berkshire Hills Bancorp during the third quarter valued at approximately $261,000. Finally, Creative Planning increased its position in Berkshire Hills Bancorp by 2,000.0% in the third quarter. Creative Planning now owns 10,500 shares of the savings and loans company’s stock valued at $291,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 65.45% of the company’s stock.

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

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) traded down 0.29% during trading on Friday, hitting $34.95. 80,755 shares of the company traded hands. The stock has a 50 day moving average price of $34.90 and a 200 day moving average price of $33.85. The company has a market capitalization of $1.23 billion, a P/E ratio of 18.59 and a beta of 0.60. Berkshire Hills Bancorp, Inc. has a 12-month low of $24.80 and a 12-month high of $37.45.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Monday, January 30th. The savings and loans company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The business earned $75.88 million during the quarter, compared to analyst estimates of $81.85 million. Berkshire Hills Bancorp had a return on equity of 7.43% and a net margin of 16.94%. On average, equities analysts anticipate that Berkshire Hills Bancorp, Inc. will post $2.34 earnings per share for the current year.

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BHLB has been the topic of several research reports. Zacks Investment Research downgraded shares of Berkshire Hills Bancorp from a “strong-buy” rating to a “sell” rating in a report on Tuesday, December 27th. Compass Point upgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “neutral” rating in a research note on Tuesday, January 31st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $38.00 price target on shares of Berkshire Hills Bancorp in a research note on Tuesday, April 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.00.

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.

5 Day Chart for NYSE:BHLB

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