Callan Family Office LLC acquired a new position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 17,370 shares of the savings and loans company's stock, valued at approximately $494,000.
Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Berkshire Hills Bancorp during the fourth quarter worth about $485,000. Proficio Capital Partners LLC purchased a new stake in Berkshire Hills Bancorp in the 4th quarter worth approximately $822,000. Charles Schwab Investment Management Inc. grew its position in shares of Berkshire Hills Bancorp by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,307 shares of the savings and loans company's stock worth $12,035,000 after buying an additional 15,383 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Berkshire Hills Bancorp by 282.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the savings and loans company's stock valued at $31,000 after buying an additional 821 shares during the period. Finally, Wakefield Asset Management LLLP bought a new stake in Berkshire Hills Bancorp in the fourth quarter valued at $1,044,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.
In other Berkshire Hills Bancorp news, EVP Ellen Tulchiner sold 1,052 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $29.97, for a total value of $31,528.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.02% of the company's stock.
Shares of BHLB stock traded down $0.68 during mid-day trading on Monday, hitting $25.81. The company's stock had a trading volume of 945,287 shares, compared to its average volume of 434,402. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00. Berkshire Hills Bancorp, Inc. has a 52-week low of $20.50 and a 52-week high of $32.36. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 17.92 and a beta of 0.85. The business has a 50-day moving average price of $28.52 and a 200 day moving average price of $28.36.
Berkshire Hills Bancorp (NYSE:BHLB - Get Free Report) last issued its earnings results on Thursday, January 30th. The savings and loans company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. Berkshire Hills Bancorp had a return on equity of 8.91% and a net margin of 8.56%. Research analysts predict that Berkshire Hills Bancorp, Inc. will post 2.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, February 20th. Berkshire Hills Bancorp's dividend payout ratio (DPR) is presently 50.00%.
A number of equities research analysts have recently weighed in on BHLB shares. Piper Sandler raised shares of Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Seaport Res Ptn upgraded Berkshire Hills Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $31.00 price target on shares of Berkshire Hills Bancorp in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Berkshire Hills Bancorp from $32.00 to $34.50 and gave the stock a "market perform" rating in a research note on Tuesday, December 24th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.13.
Get Our Latest Stock Analysis on BHLB
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.
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