Dimensional Fund Advisors LP increased its stake in shares of Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,810,017 shares of the company’s stock after buying an additional 540,093 shares during the period. Dimensional Fund Advisors LP owned about 5.35% of Beneficial Mutual Bancorp worth $48,464,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in shares of Beneficial Mutual Bancorp by 77.3% in the second quarter. Victory Capital Management Inc. now owns 10,594 shares of the company’s stock valued at $135,000 after buying an additional 4,618 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Beneficial Mutual Bancorp by 6.9% in the second quarter. Suntrust Banks Inc. now owns 13,781 shares of the company’s stock valued at $175,000 after buying an additional 888 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new position in shares of Beneficial Mutual Bancorp during the second quarter valued at approximately $176,000. Bank of Montreal Can acquired a new position in shares of Beneficial Mutual Bancorp during the second quarter valued at approximately $209,000. Finally, Virginia Retirement System purchased a new stake in shares of Beneficial Mutual Bancorp during the first quarter valued at about $301,000. Institutional investors own 67.50% of the company’s stock.
Shares of Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) opened at 14.732 on Tuesday. The company has a market capitalization of $1.05 billion, a PE ratio of 63.775 and a beta of 0.51. The stock has a 50 day moving average price of $14.79 and a 200 day moving average price of $13.90. Beneficial Mutual Bancorp Inc. has a one year low of $12.30 and a one year high of $15.12.
Beneficial Mutual Bancorp (NASDAQ:BNCL) last released its earnings results on Friday, July 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Beneficial Mutual Bancorp had a return on equity of 2.33% and a net margin of 10.39%. During the same period in the prior year, the business posted $0.09 EPS. On average, equities research analysts predict that Beneficial Mutual Bancorp Inc. will post $0.41 earnings per share for the current year.
In related news, CEO Gerard P. Cuddy sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $14.39, for a total value of $431,700.00. Following the transaction, the chief executive officer now directly owns 38,581 shares of the company’s stock, valued at approximately $555,180.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.53% of the stock is owned by corporate insiders.
Beneficial Mutual Bancorp Company Profile
Beneficial Mutual Bancorp, Inc is a savings and loan holding company. The Company’s business activities are the ownership of Beneficial Bank (the Bank). The Bank has also operated under the name Beneficial Mutual Savings Bank. The Bank is a Pennsylvania chartered savings bank. It attracts deposits from the general public and uses those funds to originate a variety of loans, including commercial real estate loans, consumer loans, home equity loans, one- to four-family real estate loans, commercial business loans and construction loans.
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