BlackRock Amends Berkshire Hills Bancorp Stake (SC 13G/A)
Ticker: BBT · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1108134
| Field | Detail |
|---|---|
| Company | Berkshire Hills Bancorp INC (BBT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Berkshire Hills Bancorp stake, showing its latest institutional ownership.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership of Berkshire Hills Bancorp Inc. common stock as of December 31, 2023. This amendment (Amendment No. 2) indicates a change in BlackRock's beneficial ownership, which is significant because BlackRock is a major institutional investor. For current or prospective shareholders of Berkshire Hills Bancorp, this filing provides updated insight into a key institutional holder's position, potentially influencing market sentiment and perceived stability.
Why It Matters
This filing updates BlackRock's ownership in Berkshire Hills Bancorp, offering transparency into a major institutional investor's position, which can impact investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate financial risk or significant change in company operations.
Analyst Insight
Investors should note BlackRock's continued institutional presence in Berkshire Hills Bancorp, as it signals ongoing interest from a major asset manager, but this filing alone doesn't suggest a need for immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- BERKSHIRE HILLS BANCORP INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (Amendment No: 2) to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the name of the issuer whose securities are being reported?
The name of the issuer is BERKSHIRE HILLS BANCORP INC, as indicated under '(Name of Issuer)'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock is 084680107, as listed under '(CUSIP Number)'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding BERKSHIRE HILLS BANCORP INC (BBT).