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Insider Trends: Berkshire Hills Bancorp Insider 90-Day Buying Trend Prolonged with Purchase

05/10/2021 13:20

05:10 PM EDT, 05/10/2021 (MT Newswires) -- Nitin J Mhatre, Director and President & CEO, purchased 6,000 shares in Berkshire Hills Bancorp (BHLB) for $147,180 on May 07, 2021. Mhatre has control over 28,617 shares of the company of which 12,000 shares are controlled directly and 16,617 shares indirectly following the transactions described in the Form 4 SEC filing. These holdings have an approximate market value of $711,133 as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 6 insider transactions reported to the SEC for Berkshire Hills Bancorp. These transactions came from the activities of 5 separate insiders that resulted in a net acquisition of 18,748 company shares. Relative to the preceding 90-day window of time, there were 25 transactions from 19 insiders that resulted in the net acquisition of 72,336 shares.

This level of insider transactions is lower than the peer group average in the 34-company Retail & Mortgage Banks peer group over the last 90-day period. Peer group activity averaged 95.4 transactions per company, with company insiders acquiring on average 71,446 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1108134/000156761921009461/xslF345X03/doc1.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.