Beneficial Bancorp, Inc. (NASDAQ:BNCL) Director Elizabeth H. Gemmill sold 1,100 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $17.35, for a total value of $19,085.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Beneficial Bancorp, Inc. (NASDAQ:BNCL) traded down 1.45% during mid-day trading on Thursday, reaching $17.05. The company’s stock had a trading volume of 241,678 shares. Beneficial Bancorp, Inc. has a one year low of $14.05 and a one year high of $19.00. The stock’s 50 day moving average is $15.75 and its 200 day moving average is $15.47. The firm has a market cap of $1.20 billion, a PE ratio of 35.23 and a beta of 0.55.
Beneficial Bancorp (NASDAQ:BNCL) last posted its earnings results on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. The business had revenue of $49.18 million for the quarter, compared to analysts’ expectations of $45.36 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. On average, analysts anticipate that Beneficial Bancorp, Inc. will post $0.48 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of Beneficial Bancorp by 5.0% during the second quarter. Russell Investments Group Ltd. now owns 230,230 shares of the bank’s stock worth $3,454,000 after purchasing an additional 11,011 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Beneficial Bancorp by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 420,526 shares of the bank’s stock worth $6,728,000 after purchasing an additional 18,841 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Beneficial Bancorp by 6.9% during the first quarter. Thrivent Financial For Lutherans now owns 272,520 shares of the bank’s stock worth $4,360,000 after purchasing an additional 17,570 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Beneficial Bancorp by 5.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 320,659 shares of the bank’s stock worth $5,131,000 after purchasing an additional 16,704 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Beneficial Bancorp by 3.4% during the first quarter. OppenheimerFunds Inc. now owns 803,767 shares of the bank’s stock worth $12,861,000 after purchasing an additional 26,587 shares in the last quarter. Institutional investors and hedge funds own 68.71% of the company’s stock.
Several analysts have weighed in on the company. Keefe, Bruyette & Woods set a $16.00 price target on Beneficial Bancorp and gave the company a “hold” rating in a research note on Thursday, August 17th. BidaskClub downgraded Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.
About Beneficial Bancorp
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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