Dimensional Fund Advisors LP reduced its stake in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) by 0.5% during the fourth quarter, Holdings Channel reports. The fund owned 3,801,896 shares of the savings and loans company’s stock after selling 19,466 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of Berkshire Hills Bancorp worth $102,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Berkshire Hills Bancorp by 23.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,731 shares of the savings and loans company’s stock valued at $74,000 after acquiring an additional 527 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Berkshire Hills Bancorp in the 4th quarter valued at $75,000. Strategic Financial Services Inc bought a new stake in Berkshire Hills Bancorp in the 4th quarter valued at $250,000. Creative Planning bought a new stake in Berkshire Hills Bancorp in the 4th quarter valued at $270,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Berkshire Hills Bancorp in the 4th quarter valued at $314,000. Institutional investors own 77.44% of the company’s stock.

In related news, Director Patrick J. Sheehan sold 9,938 shares of Berkshire Hills Bancorp stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.50, for a total transaction of $303,109.00. Following the completion of the transaction, the director now directly owns 2,226 shares of the company’s stock, valued at approximately $67,893. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick J. Sheehan sold 28,100 shares of Berkshire Hills Bancorp stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $30.55, for a total transaction of $858,455.00. Following the transaction, the director now directly owns 2,226 shares of the company’s stock, valued at $68,004.30. The disclosure for this sale can be found here. Insiders acquired a total of 1,437 shares of company stock valued at $42,621 over the last three months. Corporate insiders own 10.76% of the company’s stock.

Shares of NYSE:BHLB opened at $30.20 on Thursday. Berkshire Hills Bancorp, Inc. has a 52 week low of $25.77 and a 52 week high of $44.25. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 11.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 1.00.

Berkshire Hills Bancorp (NYSE:BHLB) last issued its quarterly earnings data on Monday, April 29th. The savings and loans company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). Berkshire Hills Bancorp had a return on equity of 8.19% and a net margin of 17.74%. The business had revenue of $107.18 million during the quarter, compared to analysts’ expectations of $114.40 million. As a group, research analysts expect that Berkshire Hills Bancorp, Inc. will post 2.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.05%. Berkshire Hills Bancorp’s payout ratio is currently 33.95%.

A number of equities analysts have commented on the stock. ValuEngine raised shares of Berkshire Hills Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, April 29th. Compass Point set a $24.00 price objective on shares of Berkshire Hills Bancorp and gave the stock a “sell” rating in a research note on Friday, January 25th. Zacks Investment Research cut shares of Berkshire Hills Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. FIG Partners reissued a “market-perform” rating on shares of Berkshire Hills Bancorp in a research note on Wednesday, May 1st. Finally, TheStreet raised shares of Berkshire Hills Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.00.

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About Berkshire Hills Bancorp

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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