Beneficial Bancorp (BNCL) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Beneficial Bancorp (NASDAQ:BNCL) from a hold rating to a sell rating in a report released on Friday morning.

Shares of NASDAQ:BNCL traded up $0.05 during trading on Friday, hitting $15.70. The stock had a trading volume of 158,400 shares, compared to its average volume of 184,279. Beneficial Bancorp has a 12-month low of $14.30 and a 12-month high of $17.50. The stock has a market cap of $1,181.47, a price-to-earnings ratio of 31.30 and a beta of 0.52. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.52.

Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings data on Friday, April 20th. The bank reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Beneficial Bancorp had a return on equity of 3.58% and a net margin of 10.56%. The firm had revenue of $49.87 million during the quarter.

In other news, EVP Martin F. Gallagher, Jr. sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $15.37, for a total value of $537,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Farnesi sold 27,498 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $15.08, for a total value of $414,669.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,995 shares of company stock valued at $1,690,974. Company insiders own 5.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC purchased a new position in Beneficial Bancorp during the fourth quarter valued at approximately $179,000. Xact Kapitalforvaltning AB purchased a new position in Beneficial Bancorp during the fourth quarter valued at approximately $192,000. SG Americas Securities LLC raised its position in Beneficial Bancorp by 70.8% during the third quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock valued at $202,000 after acquiring an additional 5,053 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Beneficial Bancorp during the fourth quarter valued at approximately $386,000. Finally, MetLife Investment Advisors LLC purchased a new position in Beneficial Bancorp during the fourth quarter valued at approximately $538,000. Institutional investors own 72.28% of the company’s stock.

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Beneficial Bancorp Company Profile

Beneficial Bancorp, Inc, together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jersey area. The company accepts various deposit products, including non-interest bearing demand deposits, such as individual checking accounts; interest-bearing demand accounts comprising NOW, municipal, and money market accounts; savings accounts; certificates of deposit; and commercial checking accounts, as well as checking accounts primarily for small businesses.

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