Today’s Dividend Alert: The $0.20 mark is well within reach for Berkshire Hills Bancorp, Inc. (NYSE:BHLB).

Today's Dividend Alert: The $0.20 mark is well within reach for Berkshire Hills Bancorp, Inc. (NYSE:BHLB).

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) is expected to pay $0.20 on Nov 23, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Berkshire Hills Bancorp, Inc.’s current price of $29.45, the dividend is 0.68%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 25, 2016. The stock decreased 0.51% or $0.15 on November 4, hitting $29.45. Berkshire Hills Bancorp, Inc. (NYSE:BHLB) has risen 10.01% since April 5, 2016 and is uptrending. It has outperformed by 8.05% the S&P500.

Berkshire Hills Bancorp, Inc. is the holding firm for Berkshire Bank (the Bank) and Berkshire Insurance Group. The company has a market cap of $914.05 million. Berkshire offers a range of deposit, lending, insurance and wealth management products to retail, commercial, not-for-profit and municipal clients in its market areas. It has a 14.07 P/E ratio. The Company’s product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps.

Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.10, from 1.23 in 2016Q1. The ratio improved, as 18 funds sold all Berkshire Hills Bancorp, Inc. shares owned while 34 reduced positions. 12 funds bought stakes while 57 increased positions. They now own 21.73 million shares or 2.58% less from 22.31 million shares in 2016Q1.
Vanguard Grp has 0% invested in the company for 2.16 million shares. Ajo Lp accumulated 219,255 shares or 0.03% of the stock. Citadel Advisors Ltd has 0% invested in the company for 17,389 shares. New York State Common Retirement Fund has 32,600 shares for 0% of their US portfolio. Axa, a France-based fund reported 62,000 shares. Great West Life Assurance Can holds 4,360 shares or 0% of its portfolio. Aqr Cap Mgmt Ltd Co last reported 0% of its portfolio in the stock. Tudor Corporation Et Al, a Connecticut-based fund reported 8,211 shares. Fifth Third Comml Bank accumulated 493 shares or 0% of the stock. Perritt Mngmt has invested 0.79% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB). Citigroup holds 0% of its portfolio in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for 9,253 shares. Systematic Fincl Mngmt Limited Partnership has 0.15% invested in the company for 396,817 shares. Teachers Retirement System Of The State Of Kentucky accumulated 0.01% or 22,250 shares. Teton Incorporated reported 12,446 shares or 0.03% of all its holdings. Ladenburg Thalmann Ser Inc holds 0% or 129 shares in its portfolio.

Insider Transactions: Since August 18, 2016, the stock had 2 buys, and 3 selling transactions for $1.41 million net activity. Another trade for 19,540 shares valued at $570,864 was sold by Dunlaevy James Williar. Moffatt Laurie Norton bought $9,981 worth of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) on Thursday, August 18. $29,300 worth of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) was bought by Bossidy Paul T on Friday, October 28.

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Ratings Coverage

Out of 4 analysts covering Berkshire Hills Bancorp (NYSE:BHLB), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Berkshire Hills Bancorp has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, July 23 by Sandler O’Neill. Compass Point maintained the shares of BHLB in a report on Tuesday, October 27 with “Neutral” rating. Compass Point upgraded the stock to “Neutral” rating in Tuesday, October 25 report. Keefe Bruyette & Woods upgraded Berkshire Hills Bancorp, Inc. (NYSE:BHLB) on Tuesday, November 10 to “Outperform” rating.

BHLB Company Profile

Berkshire Hills Bancorp, Inc. (Berkshire), incorporated on January 10, 2000, is the holding firm 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 clients in its market areas. Berkshire product offerings also include retail and commercial electronic banking, commercial cash management and commercial interest rate swaps. The Bank has over 90 full-service banking offices in its New England and upstate New York footprint. The Bank also has commercial and retail lending offices located in Eastern Massachusetts. The Bank serves regions, including Western New England, with over 20 banking offices; New York, with over 40 banking offices serving the Albany Capital District and Central New York; Hartford/Springfield, with over 25 banking offices serving the market along the Connecticut River in this region, which is in New England, and Eastern Massachusetts, with lending offices and over two branch offices located in towns west and north of Boston.

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