John Hancock Preferred Income Fund II (HPF) At $20.13 Forms Bottom; Berkshire Hills Bancorp (BHLB) Sentiment Is 1.24

May 18, 2018 - By Michael Collier

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Logo

Berkshire Hills Bancorp Inc (BHLB) investors sentiment decreased to 1.24 in 2017 Q4. It’s down -0.34, from 1.58 in 2017Q3. The ratio worsened, as 87 hedge funds opened new or increased stock positions, while 70 decreased and sold holdings in Berkshire Hills Bancorp Inc. The hedge funds in our database now own: 30.63 million shares, up from 29.46 million shares in 2017Q3. Also, the number of hedge funds holding Berkshire Hills Bancorp Inc in top ten stock positions increased from 1 to 2 for an increase of 1. Sold All: 14 Reduced: 56 Increased: 58 New Position: 29.

John Hancock Preferred Income Fund II (HPF) formed multiple bottom with $18.92 target or 6.00% below today’s $20.13 share price. John Hancock Preferred Income Fund II (HPF) has $428.26 million valuation. The stock decreased 0.05% or $0.01 during the last trading session, reaching $20.13. About 34,484 shares traded. John Hancock Preferred Income Fund II (NYSE:HPF) has declined 5.23% since May 18, 2017 and is downtrending. It has underperformed by 16.78% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.14, from 0.93 in 2017Q3. It fall, as 4 investors sold John Hancock Preferred Income Fund II shares while 10 reduced holdings. 3 funds opened positions while 8 raised stakes. 845,932 shares or 13.64% less from 979,542 shares in 2017Q3 were reported. Endurance Wealth Management owns 770 shares. Nelson Van Denburg Campbell Wealth Management Lc stated it has 2,100 shares. Guggenheim Capital Ltd Liability Co reported 34,357 shares stake. Massmutual Trust Communication Fsb Adv holds 0.01% or 1,600 shares in its portfolio. Lpl Finance Limited Liability holds 0% or 29,485 shares in its portfolio. Northwestern Mutual Wealth Management holds 0% in John Hancock Preferred Income Fund II (NYSE:HPF) or 400 shares. Wells Fargo Company Mn invested in 0% or 32,955 shares. Thompson Siegel And Walmsley accumulated 200 shares or 0% of the stock. Invesco Ltd owns 150,680 shares or 0% of their US portfolio. Bb&T Secs Ltd Liability owns 19,443 shares or 0.01% of their US portfolio. Winslow Evans & Crocker has invested 0% in John Hancock Preferred Income Fund II (NYSE:HPF). Northern Tru owns 17,500 shares or 0% of their US portfolio. Horizon Kinetics Lc has 10,589 shares for 0.01% of their portfolio. Fiduciary Fincl Service Of The Southwest Inc Tx has 0.94% invested in John Hancock Preferred Income Fund II (NYSE:HPF). Koshinski Asset Management Incorporated holds 72,476 shares.

Jacobs Asset Management Llc holds 5.79% of its portfolio in Berkshire Hills Bancorp, Inc. for 836,034 shares. Hutchin Hill Capital Lp owns 267,481 shares or 2.73% of their US portfolio. Moreover, Clover Partners L.P. has 1.92% invested in the company for 55,000 shares. The Texas-based Hillcrest Asset Management Llc has invested 1.52% in the stock. Godshalk Welsh Capital Management Inc., a Pennsylvania-based fund reported 33,700 shares.

The stock increased 2.23% or $0.85 during the last trading session, reaching $39.05. About 204,912 shares traded or 36.47% up from the average. Berkshire Hills Bancorp, Inc. (BHLB) has risen 6.95% since May 18, 2017 and is uptrending. It has underperformed by 4.60% the S&P500.

More news for Berkshire Hills Bancorp, Inc. (NYSE:BHLB) were recently published by: Businesswire.com, which released: “KBRA Assigns BBB+ Senior Unsecured Debt Rating for Berkshire Hills Bancorp, Inc.” on May 14, 2018. Bizjournals.com‘s article titled: “Berkshire Bank expands home mortgage team in Albany” and published on April 27, 2018 is yet another important article.

Since January 1, 0001, it had 6 buys, and 0 sales for $557,768 activity.

Analysts await Berkshire Hills Bancorp, Inc. (NYSE:BHLB) to report earnings on July, 18. They expect $0.70 EPS, up 20.69% or $0.12 from last year’s $0.58 per share. BHLB’s profit will be $31.76 million for 13.95 P/E if the $0.70 EPS becomes a reality. After $0.65 actual EPS reported by Berkshire Hills Bancorp, Inc. for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Institutional Positions Chart

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