California Public Employees Retirement System Purchases 6,026 Shares of Berkshire Hills Bancorp, Inc. (BHLB)

California Public Employees Retirement System boosted its position in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,518 shares of the savings and loans company’s stock after purchasing an additional 6,026 shares during the quarter. California Public Employees Retirement System owned about 0.26% of Berkshire Hills Bancorp worth $4,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BHLB. Westwood Holdings Group Inc. raised its stake in Berkshire Hills Bancorp by 109.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 692,521 shares of the savings and loans company’s stock valued at $25,346,000 after purchasing an additional 361,525 shares during the last quarter. Deutsche Bank AG raised its stake in Berkshire Hills Bancorp by 112.9% in the 4th quarter. Deutsche Bank AG now owns 312,243 shares of the savings and loans company’s stock valued at $11,426,000 after purchasing an additional 165,567 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Berkshire Hills Bancorp by 695.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 132,124 shares of the savings and loans company’s stock valued at $5,014,000 after purchasing an additional 115,522 shares during the last quarter. BlackRock Inc. raised its stake in Berkshire Hills Bancorp by 3.7% in the 4th quarter. BlackRock Inc. now owns 2,697,100 shares of the savings and loans company’s stock valued at $98,713,000 after purchasing an additional 96,719 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Berkshire Hills Bancorp by 28.4% in the 4th quarter. Teachers Advisors LLC now owns 415,148 shares of the savings and loans company’s stock valued at $15,194,000 after purchasing an additional 91,757 shares during the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Shares of BHLB opened at $41.00 on Friday. Berkshire Hills Bancorp, Inc. has a 52-week low of $32.85 and a 52-week high of $44.10. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 17.90 and a beta of 0.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.89.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its earnings results on Monday, April 23rd. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Berkshire Hills Bancorp had a return on equity of 7.39% and a net margin of 12.82%. The business had revenue of $114.99 million during the quarter, compared to the consensus estimate of $118.90 million. sell-side analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.74 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Piper Jaffray Companies downgraded Berkshire Hills Bancorp from an “overweight” rating to a “neutral” rating in a research note on Friday, June 8th. Compass Point downgraded Berkshire Hills Bancorp from a “neutral” rating to a “sell” rating and set a $38.00 target price for the company. in a research note on Tuesday, June 12th. Zacks Investment Research downgraded Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine downgraded Berkshire Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Berkshire Hills Bancorp currently has an average rating of “Hold” and an average price target of $41.08.

In other Berkshire Hills Bancorp news, EVP Michael D. Carroll sold 1,500 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $42.53, for a total value of $63,795.00. Following the completion of the sale, the executive vice president now directly owns 7,432 shares of the company’s stock, valued at approximately $316,082.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Berkshire Hills Bancorp Company Profile

Berkshire Hills Bancorp, Inc operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans.

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

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