Beneficial Bancorp (BNCL) Releases Earnings Results, Beats Expectations By $0.02 EPS

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Beneficial Bancorp (NASDAQ:BNCL) released its earnings results on Friday. The bank reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02, MarketWatch Earnings reports. The business had revenue of $54.84 million during the quarter. Beneficial Bancorp had a net margin of 11.93% and a return on equity of 3.98%.

NASDAQ BNCL traded down $0.40 during trading hours on Friday, hitting $15.85. 339,988 shares of the company’s stock traded hands, compared to its average volume of 407,924. Beneficial Bancorp has a 52-week low of $14.75 and a 52-week high of $18.60. The stock has a market cap of $1.22 billion, a PE ratio of 29.55 and a beta of 0.63. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50.

In related news, Director Elizabeth H. Gemmill sold 10,095 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $17.00, for a total transaction of $171,615.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roy D. Yates sold 24,995 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $16.60, for a total transaction of $414,917.00. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on BNCL shares. Sandler O’Neill raised shares of Beneficial Bancorp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Friday, August 10th. BidaskClub cut shares of Beneficial Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Compass Point reissued a “buy” rating and set a $21.00 target price on shares of Beneficial Bancorp in a research note on Thursday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.50 target price on shares of Beneficial Bancorp in a research note on Tuesday, July 24th.

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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Earnings History for Beneficial Bancorp (NASDAQ:BNCL)

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