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Berkshire Hills Bancorp Senior Vice President of Investor Relations & Corporate Development Acquires 22% More Stock \

Investors who take an interest in Berkshire Hills Bancorp, Inc. (NYSE:BHLB) should definitely note that the Senior Vice President of Investor Relations & Corporate Development, Kevin Conn, recently paid US$19.54 per share to buy US$102k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 22%.

See our latest analysis for Berkshire Hills Bancorp

The Last 12 Months Of Insider Transactions At Berkshire Hills Bancorp

Notably, that recent purchase by Kevin Conn is the biggest insider purchase of Berkshire Hills Bancorp shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$20.74. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

While Berkshire Hills Bancorp insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Berkshire Hills Bancorp Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Berkshire Hills Bancorp insiders own about US$11m worth of shares. That equates to 1.2% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Berkshire Hills Bancorp Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Berkshire Hills Bancorp shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To that end, you should learn about the 2 warning signs we've spotted with Berkshire Hills Bancorp (including 1 which is significant).

Of course Berkshire Hills Bancorp may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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