An Insider At Berkshire Hills Bancorp, Inc. (BHLB) Buys 5,000 Shares

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Berkshire Hills Bancorp, Inc. (NYSE: BHLB), watched as a high level insider increased his exposure to the company through a transaction that was filed today, July 28th. Director John W. Altmeyer bought 5,000 shares of common stock through a series of transactions at prices ranging from $23.49 to $23.58 per share.

Following this transaction, Altmeyer now has 24,338 shares directly, while having 64,501 shares indirectly invested into Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the $595.57 million market cap holding company for the Berkshire Bank (the Bank) and Berkshire Insurance Group (BIG). The Bank has 75 full-service banking offices serving communities throughout Western Massachusetts, Northeastern New York and in Southern Vermont.

As well, there is one hedge fund that has significant involvement with the company. Royce & Associates, the fund controlled by Chuck Royce, showed a 1% increase in it’s activity last quarter, and now has 548,792 shares worth about $14.2 million invested in Berkshire Hills Bancorp, Inc. (NYSE: BHLB).

Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.

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