Beneficial Bancorp, Inc. (BNCL) Announces Quarterly Earnings Results

Beneficial Bancorp, Inc. (NASDAQ:BNCL) released its quarterly earnings results on Thursday. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01, Briefing.com reports. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. During the same quarter last year, the firm earned $0.14 earnings per share.

Shares of Beneficial Bancorp (NASDAQ:BNCL) traded up 1.18% during trading on Friday, hitting $17.15. The stock had a trading volume of 159,961 shares. The firm has a 50 day moving average price of $16.10 and a 200 day moving average price of $15.50. The firm has a market cap of $1.21 billion, a P/E ratio of 35.43 and a beta of 0.55. Beneficial Bancorp has a 12-month low of $14.05 and a 12-month high of $19.00.

Several brokerages have recently commented on BNCL. BidaskClub downgraded Beneficial Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price objective on shares of Beneficial Bancorp in a research report on Tuesday, October 3rd.

ILLEGAL ACTIVITY NOTICE: “Beneficial Bancorp, Inc. (BNCL) Announces Quarterly Earnings Results” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/20/beneficial-bancorp-inc-bncl-announces-quarterly-earnings-results.html.

In related news, Director Elizabeth H. Gemmill sold 13,748 shares of Beneficial Bancorp stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $17.00, for a total value of $233,716.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth H. Gemmill sold 12,649 shares of Beneficial Bancorp stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $17.35, for a total value of $219,460.15. The disclosure for this sale can be found here. Insiders have sold a total of 66,604 shares of company stock worth $1,122,973 over the last 90 days. Insiders own 5.80% of the company’s stock.

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

Shares of Beneficial Bancorp (NASDAQ:BNCL) traded up 1.18% during trading on Friday, hitting $17.15. The stock had a trading volume of 159,961 shares. The firm has a 50 day moving average price of $16.10 and a 200 day moving average price of $15.50. The firm has a market cap of $1.21 billion, a P/E ratio of 35.43 and a beta of 0.55. Beneficial Bancorp has a 12-month low of $14.05 and a 12-month high of $19.00.

Several brokerages have recently commented on BNCL. BidaskClub downgraded Beneficial Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price objective on shares of Beneficial Bancorp in a research report on Tuesday, October 3rd.

ILLEGAL ACTIVITY NOTICE: “Beneficial Bancorp, Inc. (BNCL) Announces Quarterly Earnings Results” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/20/beneficial-bancorp-inc-bncl-announces-quarterly-earnings-results.html.

In related news, Director Elizabeth H. Gemmill sold 13,748 shares of Beneficial Bancorp stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $17.00, for a total value of $233,716.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth H. Gemmill sold 12,649 shares of Beneficial Bancorp stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $17.35, for a total value of $219,460.15. The disclosure for this sale can be found here. Insiders have sold a total of 66,604 shares of company stock worth $1,122,973 over the last 90 days. Insiders own 5.80% of the company’s stock.

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.

Earnings History for Beneficial Bancorp (NASDAQ:BNCL)

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