Tudor Investment Corp ET AL Has $693,000 Holdings in Berkshire Hills Bancorp, Inc. (NYSE:BHLB)

Tudor Investment Corp ET AL grew its holdings in shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 44.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,722 shares of the savings and loans company’s stock after acquiring an additional 6,072 shares during the period. Tudor Investment Corp ET AL’s holdings in Berkshire Hills Bancorp were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Berkshire Hills Bancorp by 20.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,124,148 shares of the savings and loans company’s stock valued at $109,814,000 after acquiring an additional 540,080 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Berkshire Hills Bancorp by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,023,639 shares of the savings and loans company’s stock valued at $106,281,000 after acquiring an additional 202,898 shares during the period. State Street Corp grew its position in shares of Berkshire Hills Bancorp by 21.5% during 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 acquiring an additional 186,950 shares during the period. LSV Asset Management grew its position in shares of Berkshire Hills Bancorp by 2.8% during 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 acquiring an additional 29,100 shares during the period. Finally, Jacobs Asset Management LLC grew its position in shares of Berkshire Hills Bancorp by 7.4% during the 2nd quarter. Jacobs Asset Management LLC now owns 826,034 shares of the savings and loans company’s stock valued at $29,036,000 after acquiring an additional 57,238 shares during the period. 74.10% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently issued reports on BHLB shares. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, September 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 target price on shares of Berkshire Hills Bancorp in a report on Friday, September 15th. BidaskClub downgraded shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Piper Jaffray Companies raised shares of Berkshire Hills Bancorp from a “neutral” rating to an “overweight” rating and set a $39.50 target price for the company in a report on Thursday, September 7th. Finally, FIG Partners reaffirmed an “outperform” rating and issued a $41.00 target price on shares of Berkshire Hills Bancorp in a report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Berkshire Hills Bancorp currently has a consensus rating of “Buy” and an average price target of $38.92.

Berkshire Hills Bancorp, Inc. (NYSE BHLB) opened at 39.20 on Tuesday. The company has a market cap of $1.57 billion, a P/E ratio of 21.65 and a beta of 0.67. The company has a 50-day moving average of $36.12 and a 200 day moving average of $35.86. Berkshire Hills Bancorp, Inc. has a one year low of $27.53 and a one year high of $39.75.

Berkshire Hills Bancorp (NYSE:BHLB) last released its quarterly earnings results on Wednesday, July 19th. The savings and loans company reported $0.58 EPS for the quarter, beating 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 analyst estimates of $102.75 million. Analysts anticipate that Berkshire Hills Bancorp, Inc. will post $2.26 earnings per share for the current year.

In related news, Director Richard L. Murphy bought 1,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $34.25 per share, for a total transaction of $34,250.00. Following the completion of the transaction, the director now directly owns 9,668 shares in the company, valued at $331,129. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael P. Daly sold 25,000 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $33.78, for a total transaction of $844,500.00. Following the completion of the sale, the insider now owns 103,670 shares in the company, valued at approximately $3,501,972.60. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

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.

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

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