Berkshire Hills Bancorp, Inc. (BHLB) Shares Sold by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. reduced its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,985 shares of the savings and loans company’s stock after selling 4,460 shares during the period. Kennedy Capital Management Inc. owned about 0.39% of Berkshire Hills Bancorp worth $5,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Berkshire Hills Bancorp by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,820,741 shares of the savings and loans company’s stock valued at $101,688,000 after purchasing an additional 179,787 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Berkshire Hills Bancorp by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 2,584,068 shares of the savings and loans company’s stock valued at $93,155,000 after purchasing an additional 239,543 shares in the last quarter. State Street Corp boosted its stake in shares of Berkshire Hills Bancorp by 21.5% in the 1st quarter. State Street Corp now owns 1,056,853 shares of the savings and loans company’s stock valued at $38,096,000 after purchasing an additional 186,950 shares in the last quarter. LSV Asset Management boosted its stake in shares of Berkshire Hills Bancorp by 2.8% in the 2nd quarter. LSV Asset Management now owns 1,053,520 shares of the savings and loans company’s stock valued at $37,031,000 after purchasing an additional 29,100 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in shares of Berkshire Hills Bancorp by 1.5% in the 1st quarter. Rothschild Asset Management Inc. now owns 722,940 shares of the savings and loans company’s stock valued at $26,062,000 after purchasing an additional 10,640 shares in the last quarter. Institutional investors own 74.11% of the company’s stock.

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A number of equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Berkshire Hills Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies upgraded shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 price target on the stock in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, June 27th. 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.30.

In related news, Director Richard L. Murphy acquired 1,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $34.25 per share, with a total value of $34,250.00. Following the completion of the purchase, the director now owns 9,668 shares in the company, valued at approximately $331,129. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael P. Daly sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $33.78, for a total value of $844,500.00. Following the sale, the insider now directly owns 103,670 shares of the company’s stock, valued at approximately $3,501,972.60. The disclosure for this sale can be found here. 2.82% of the stock is owned by company insiders.

Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) opened at 34.00 on Friday. Berkshire Hills Bancorp, Inc. has a 52-week low of $26.45 and a 52-week high of $38.65. The firm has a market capitalization of $1.36 billion, a P/E ratio of 18.77 and a beta of 0.65. The company’s 50-day moving average is $34.50 and its 200 day moving average is $35.46.

Berkshire Hills Bancorp (NYSE:BHLB) last posted its quarterly earnings data on Wednesday, July 19th. The savings and loans company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Berkshire Hills Bancorp had a net margin of 15.03% and a return on equity of 6.93%. The company had revenue of $102.34 million for the quarter, compared to analysts’ expectations of $102.75 million. Analysts expect that Berkshire Hills Bancorp, Inc. will post $2.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Tuesday, August 8th. Berkshire Hills Bancorp’s payout ratio is currently 46.15%.

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.

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

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