Berkshire Bank acquires Commerce Bank in Worcester, moves headquarters to Boston
- Author: Zachary Reyes May 24, 2017,
May 24, 2017, 12:43
(NYSE:BHLB) reported that pricing of an underwritten public offering of 4,637,690 shares of the Company's common stock at a price to the public of $34.50 per share resulting in net proceeds to the Company of around $152.9 million, after deducting the underwriting discount and commissions and other estimated offering expenses. Jefferies Group LLC reissued a hold rating and issued a $38.00 price objective on shares of Berkshire Hills Bancorp in a report on Tuesday, April 4th.
There are 3 hold ratings, 2 buy ratings on the stock.
11/16/2016-Piper Jaffray Companies was Downgraded by analysts at Piper Jaffray Companies from a "Overweight " rating to a " Neutral" rating. Calvert Invest Mngmt has invested 0.23% in Berkshire Hills Bancorp, Inc. Moreover, Wells Fargo Mn has 0% invested in Berkshire Hills Bancorp, Inc. Northern Tru Corporation holds 0.01% of its portfolio in Berkshire Hills Bancorp, Inc. State Street Corp now owns 869,903 shares of the savings and loans company's stock worth $32,056,000 after buying an additional 199,795 shares in the last quarter.
The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. On Monday, November 14 Dunlaevy James Williar sold $481,666 worth of Berkshire Hills Bancorp, Inc. They now have a Dollars 31 price target on the stock. Nordea Investment Management AB raised its position in shares of Berkshire Hills Bancorp by 150.4% in the third quarter. Highbridge Capital Management LLC now owns 16,257 shares of the savings and loans company's stock valued at $587,000 after buying an additional 7,447 shares during the last quarter. BlackRock Inc. now owns 13,806 shares of the savings and loans company's stock valued at $383,000 after buying an additional 5,480 shares during the period. Shareholders of record on Thursday, May 11th will be given a dividend of $0.21 per share. A value of 0 would indicate that shares are now trading at the 52-week low.
06/28/2016 - Berkshire Hills Bancorp, Inc. had its " rating reiterated by analysts at Keefe, Bruyette & Woods. (NYSE:BHLB) in a research report sent to investors on Monday, StockTargetPrices.com reports. The savings and loans company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The firm had revenue of $101.64 million for the quarter, compared to analysts' expectations of $95.90 million.
On 7/26/2016 Berkshire Hills Bancorp announced a quarterly dividend of $0.20 2.99% with an ex dividend date of 8/2/2016 which will be payable on 8/18/2016. This represents a $0.84 annualized dividend and a dividend yield of 2.36%. (NYSE:BHLB) for 79,900 shares. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright legislation. (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire Hills Bancorp's payout ratio is presently 42.33%. "With the addition of the Commerce team we will be able to leverage the strengths of both banks and capitalize on growth opportunities in the attractive, high-growth Eastern Massachusetts markets", Michael P. Daly, CEO of Berkshire Bank, said in a statement. 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. More interesting news about Berkshire Hills Bancorp, Inc.