Schwab Charles Investment Management Inc. raised its holdings in Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,208 shares of the bank’s stock after buying an additional 15,290 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Beneficial Bancorp were worth $5,877,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. FDx Advisors Inc. acquired a new stake in Beneficial Bancorp in the third quarter valued at $201,000. SG Americas Securities LLC raised its stake in Beneficial Bancorp by 70.8% in the third quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock valued at $202,000 after buying an additional 5,053 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Beneficial Bancorp in the third quarter valued at $510,000. American International Group Inc. raised its stake in Beneficial Bancorp by 8.1% in the third quarter. American International Group Inc. now owns 46,430 shares of the bank’s stock valued at $771,000 after buying an additional 3,472 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Beneficial Bancorp by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 54,219 shares of the bank’s stock valued at $813,000 after buying an additional 357 shares in the last quarter. Institutional investors own 72.28% of the company’s stock.
Shares of Beneficial Bancorp, Inc. (NASDAQ BNCL) opened at $16.05 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.52. Beneficial Bancorp, Inc. has a 52-week low of $14.30 and a 52-week high of $17.50. The company has a market capitalization of $1,207.89, a PE ratio of 32.00 and a beta of 0.58.
Beneficial Bancorp (NASDAQ:BNCL) last posted its earnings results on Thursday, February 1st. The bank reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Beneficial Bancorp had a return on equity of 3.58% and a net margin of 10.56%. The business had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $46.17 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Friday, February 2nd. Beneficial Bancorp’s dividend payout ratio (DPR) is currently 75.00%.
In other news, Director Frank Farnesi sold 27,498 shares of Beneficial Bancorp stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $15.08, for a total transaction of $414,669.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Martin F. Gallagher, Jr. sold 35,000 shares of Beneficial Bancorp 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 disclosure for this sale can be found here. Insiders have sold 73,517 shares of company stock worth $1,136,196 in the last quarter. Insiders own 5.50% of the company’s stock.
Separately, BidaskClub cut Beneficial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.
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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