Jacobs Asset Management Lowers stake in Berkshire Hills Bancorp (BHLB)

Berkshire Hills Bancorp (BHLB) : Jacobs Asset Management reduced its stake in Berkshire Hills Bancorp by 8.86% during the most recent quarter end. The investment management company now holds a total of 1,046,433 shares of Berkshire Hills Bancorp which is valued at $28,442,049 after selling 101,728 shares in Berkshire Hills Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Berkshire Hills Bancorp makes up approximately 7.87% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Bridgeway Capital Management Inc reduced its stake in BHLB by selling 350 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 91,535 shares of BHLB which is valued at $2,487,921. Berkshire Hills Bancorp makes up approx 0.04% of Bridgeway Capital Management Inc’s portfolio.Great Lakes Advisors boosted its stake in BHLB in the latest quarter, The investment management firm added 20,475 additional shares and now holds a total of 180,392 shares of Berkshire Hills Bancorp which is valued at $4,903,055. Berkshire Hills Bancorp makes up approx 0.13% of Great Lakes Advisors’s portfolio.Dimensional Fund Advisors Lp boosted its stake in BHLB in the latest quarter, The investment management firm added 120,210 additional shares and now holds a total of 2,488,198 shares of Berkshire Hills Bancorp which is valued at $66,783,234. Berkshire Hills Bancorp makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio. Quantitative Systematic Strategies sold out all of its stake in BHLB during the most recent quarter. The investment firm sold 16,540 shares of BHLB which is valued $436,160.

Berkshire Hills Bancorp closed down -0.02 points or -0.07% at $27.87 with 56,218 shares getting traded on Thursday. Post opening the session at $27.9, the shares hit an intraday low of $27.56 and an intraday high of $27.96 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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