Beneficial Bancorp, Inc. (NASDAQ:BNCL) Director Frank Farnesi sold 11,019 shares of Beneficial Bancorp stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $16.66, for a total value of $183,576.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Beneficial Bancorp, Inc. (BNCL) traded up $0.07 during trading hours on Friday, hitting $17.13. The stock had a trading volume of 23,698 shares, compared to its average volume of 164,012. Beneficial Bancorp, Inc. has a fifty-two week low of $14.30 and a fifty-two week high of $18.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $1,290.00, a PE ratio of 36.44 and a beta of 0.62.
Beneficial Bancorp (NASDAQ:BNCL) last released its quarterly earnings data on Friday, October 20th. The bank reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $49.50 million for the quarter, compared to analysts’ expectations of $45.62 million. Beneficial Bancorp had a return on equity of 3.39% and a net margin of 15.74%. During the same quarter in the previous year, the business posted $0.14 EPS.
Several equities analysts have recently weighed in on BNCL shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price objective on shares of Beneficial Bancorp in a report on Friday, October 20th. BidaskClub cut Beneficial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its stake in Beneficial Bancorp by 4.6% in the 2nd quarter. California Public Employees Retirement System now owns 111,496 shares of the bank’s stock valued at $1,672,000 after acquiring an additional 4,900 shares in the last quarter. Vanguard Group Inc. lifted its stake in Beneficial Bancorp by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,284,853 shares of the bank’s stock valued at $94,273,000 after acquiring an additional 31,477 shares in the last quarter. State Street Corp lifted its stake in Beneficial Bancorp by 6.2% in the 2nd quarter. State Street Corp now owns 1,486,773 shares of the bank’s stock valued at $22,307,000 after acquiring an additional 87,404 shares in the last quarter. Alps Advisors Inc. bought a new stake in Beneficial Bancorp in the 3rd quarter valued at approximately $510,000. Finally, JPMorgan Chase & Co. lifted its stake in Beneficial Bancorp by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,756,263 shares of the bank’s stock valued at $45,892,000 after acquiring an additional 294,370 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.
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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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