Insider Trading Review: Berkshire Hills Bancorp, Inc. $BHLB

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Berkshire Hills Bancorp, Inc. (NYSE:BHLB) insider have most recently took part in a trading activity. On Dec 18, 2017 Bossidy Paul T, Director bought 500 shares having total worth of $19,325 at the price of $38.65 per share, following the transaction a total of 9,956 shares owned by Bossidy Paul T. Before this latest buy, Bossidy Paul T purchased BHLB at 1 other times during the past twelve months, for a total investment of $35,880 at an average of $35.88 per share.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 2 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 9 times by insiders. In 4 of these trades, the insider was a seller while an employee of the company was the buyer in 5 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 2 10.44%
12 Month 5 4 41.13%

Shares of Berkshire Hills Bancorp, Inc. (NYSE:BHLB) traded up 0.78% on Dec 18, 2017, hitting $38.6. 187,016 shares of the company’s stock traded hands. Berkshire Hills Bancorp, Inc. has a 52 week low of $26.07 and a 52 week high of $39.65. The company’s market cap is $843 million.

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) last announced its earnings results on Oct 19, 2017. The company reported 0.59 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.58 by $0.01. The company had revenue of $72 million for the quarter, compared to the consensus estimate of $72 million. During the same quarter in the previous year, the company posted 0.57 earnings per share. The company’s revenue for the quarter was up 24% on a year-over-year basis.

2017-10-19 2017-07-19 2017-04-24 2017-01-30 2016-10-24 2016-07-25 2016-04-25 2016-01-25 2015-10-26 2015-07-22
earnings per share 0.59 0.58 0.55 0.56 0.57 0.54 0.54 0.54 0.54 0.51
Revenue(M) 72 69.55 66.89 59.16 57.97 57.44 57.7 58.75 56.97 67.03

Berkshire Hills Bancorp, Inc. is a Delaware corporation and the holding company for the Berkshire Bank and Berkshire Insurance Group. The Bank has 75 full-service banking offices and 10 lending offices in its New England and upstate New York footprint, which extends along Interstate 90 from Boston to Syracuse, and along Interstate 91 from Hartford into Vermont. The Company is subject to strong competition from banks and other financial institutions and financial service providers. Its competition includes national and super-regional banks such as Bank of America, TD Bank, Citizens Bank, Sovereign Bank, and Key Bank which have substantially greater resources and lending limits. Non-bank competitors include credit unions, brokerage firms, insurance providers, financial planners, and the mutual fund industry. Deposits are the major source of funds for the Bank’s lending and investment activities. Deposit accounts are the primary product and service interaction with the Bank’s customers. The Bank serves personal, commercial, non-profit, and municipal deposit customers. The Company uses interest rate swap instruments for its own account and also offers them for sale to commercial customers for their own accounts, normally in conjunction with commercial loans offered by the Bank to these customers. The Company’s Wealth Management Group provides consultative investment management and trust relationships to individuals, businesses, and institutions, with an emphasis on personal investment management. As an independent insurance agent, the Berkshire Insurance Group represents a carefully selected group of financially sound, reputable insurance companies offering coverage at competitive prices. The Insurance Group offers a line of personal and commercial property and casualty insurance. The Company has two reportable operating segments, banking and insurance. Banking includes the activities of the Bank and its subsidiaries, which provide commercial and retail banking services. Insurance includes the activities of Berkshire Insurance Group, which provides commercial and consumer insurance services. The Company is a Delaware corporation and savings and loan holding company registered with the Federal Reserve Board.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.