Jacobs Asset Management buys $30 Million stake in Berkshire Hills Bancorp (BHLB)

Berkshire Hills Bancorp (BHLB) : Jacobs Asset Management scooped up 5,000 additional shares in Berkshire Hills Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,148,161 shares of Berkshire Hills Bancorp which is valued at $30 Million.Berkshire Hills Bancorp makes up approximately 8.17% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management reduced its stake in BHLB by selling 5,824 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 262,283 shares of BHLB which is valued at $6.9 Million. Berkshire Hills Bancorp makes up approx 0.14% of Kennedy Capital Management’s portfolio.Teacher Retirement System Of Texas boosted its stake in BHLB in the latest quarter, The investment management firm added 3,694 additional shares and now holds a total of 16,538 shares of Berkshire Hills Bancorp which is valued at $432,469.Blackrock Investment Management boosted its stake in BHLB in the latest quarter, The investment management firm added 4,706 additional shares and now holds a total of 119,218 shares of Berkshire Hills Bancorp which is valued at $3.1 Million.Blackrock Fund Advisors reduced its stake in BHLB by selling 16,571 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 752,156 shares of BHLB which is valued at $19.7 Million.Great West Life Assurance Co Can boosted its stake in BHLB in the latest quarter, The investment management firm added 2,692 additional shares and now holds a total of 4,360 shares of Berkshire Hills Bancorp which is valued at $118,330.

Berkshire Hills Bancorp opened for trading at $27.37 and hit $27.7 on the upside on Wednesday, eventually ending the session at $27.44, with a gain of 0.22% or 0.06 points. The heightened volatility saw the trading volume jump to 44,181 shares. Company has a market cap of $855 M.

Berkshire Hills Bancorp Inc. (Berkshire) is the holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. The Bank has 91 full-service banking 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 Bank also has commercial and retail lending offices located in Eastern Massachusetts. The Bank offers a range of deposit lending insurance and wealth management products to retail commercial not-for-profit and municipal customers in its market areas. The Bank’s product offerings also include retail and commercial electronic banking commercial cash management and commercial interest rate swaps. As of December 31 2014 the Bank’s total deposits were around $20.95 thousand. As of December 31 2014 the Bank’s average size of commercial mortgage was approximately $1.3 million.

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