Insider Bets Paying Off At BHLB As New 52-Week High Reached

In trading on Wednesday, shares of Berkshire Hills Bancorp, Inc. (BHLB) touched a new 52-week high of $30.70/share. That's a 24.24% rise, or $5.99 per share from the 52-week low of $24.71 set back on 02/11/2016. That means at today's intraday high, any investor who purchased BHLB stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, BHLB has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
08/18/2016 Laurie Norton Moffatt Director 366 $27.27 $9,981.26
10/28/2016 Paul T. Bossidy Director 1,000 $29.30 $29,300.00

The chart below shows where BHLB has traded over the past year, with the 50-day and 200-day moving averages included.

Berkshire Hills Bancorp, Inc. Moving Averages Chart

In afternoon trading on Wednesday, BHLB shares are changing hands at $30.65/share, slightly below the new 52-week high.

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