BidaskClub lowered shares of Beneficial Bancorp (NASDAQ:BNCL) from a hold rating to a sell rating in a research report released on Tuesday.
Beneficial Bancorp (NASDAQ BNCL) opened at $15.35 on Tuesday. The company has a market cap of $1,180.79, a P/E ratio of 47.97 and a beta of 0.53. Beneficial Bancorp has a 12 month low of $14.30 and a 12 month high of $17.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.52.
Beneficial Bancorp (NASDAQ:BNCL) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $46.17 million. Beneficial Bancorp had a net margin of 10.56% and a return on equity of 3.59%. During the same quarter in the previous year, the firm posted $0.10 earnings per share.
In other news, EVP Martin F. Gallagher, Jr. sold 35,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $15.37, for a total transaction of $537,950.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank Farnesi sold 11,019 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $16.66, for a total value of $183,576.54. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.
Several hedge funds have recently modified their holdings of BNCL. Two Sigma Securities LLC acquired a new position in shares of Beneficial Bancorp during the fourth quarter worth $179,000. Xact Kapitalforvaltning AB acquired a new position in shares of Beneficial Bancorp during the fourth quarter worth $192,000. FDx Advisors Inc. acquired a new position in shares of Beneficial Bancorp during the third quarter worth $201,000. SG Americas Securities LLC increased its position in shares of Beneficial Bancorp by 70.8% during the third quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock worth $202,000 after purchasing an additional 5,053 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Beneficial Bancorp during the fourth quarter worth $386,000. 69.91% of the stock is currently owned by institutional investors and hedge funds.
Beneficial 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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