Godshalk Welsh Capital Management buys $1,195,560 stake in Berkshire Hills Bancorp (BHLB)

Berkshire Hills Bancorp (BHLB) : Godshalk Welsh Capital Management scooped up 2,850 additional shares in Berkshire Hills Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 36,900 shares of Berkshire Hills Bancorp which is valued at $1,195,560.Berkshire Hills Bancorp makes up approximately 1.24% of Godshalk Welsh Capital Management’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds added BHLB to its portfolio by purchasing 366,146 company shares during the most recent quarter which is valued at $11,863,130. Berkshire Hills Bancorp makes up approx 0.02% of Oppenheimerfunds’s portfolio. Pax World Management sold out all of its stake in BHLB during the most recent quarter. The investment firm sold 262,759 shares of BHLB which is valued $8,132,391.Blackrock Fund Advisors boosted its stake in BHLB in the latest quarter, The investment management firm added 61,411 additional shares and now holds a total of 786,216 shares of Berkshire Hills Bancorp which is valued at $23,586,480.Blackrock Advisors boosted its stake in BHLB in the latest quarter, The investment management firm added 1,072 additional shares and now holds a total of 16,660 shares of Berkshire Hills Bancorp which is valued at $499,800.

Berkshire Hills Bancorp opened for trading at $32.8 and hit $33.2 on the upside on Monday, eventually ending the session at $33.2, with a gain of 0.45% or 0.15 points. The heightened volatility saw the trading volume jump to 1,72,103 shares. Company has a market cap of $1,035 M.

Many Wall Street Analysts have commented on Berkshire Hills Bancorp. Berkshire Hills Bancorp was Downgraded by Piper Jaffray to ” Neutral” on Nov 16, 2016.

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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