Beneficial Bancorp Inc (NASDAQ:BNCL) Director Elizabeth H. Gemmill sold 2,500 shares of the company’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $17.00, for a total transaction of $42,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of BNCL stock opened at $16.80 on Tuesday. Beneficial Bancorp Inc has a 52-week low of $14.40 and a 52-week high of $17.50. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 32.50 and a beta of 0.56.
Beneficial Bancorp (NASDAQ:BNCL) last issued its quarterly earnings data on Friday, April 20th. The bank reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Beneficial Bancorp had a net margin of 11.07% and a return on equity of 3.74%. The business had revenue of $49.87 million during the quarter.
Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in Beneficial Bancorp by 3,025.1% in the 1st quarter. Royal Bank of Canada now owns 6,844 shares of the bank’s stock worth $107,000 after purchasing an additional 6,625 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Beneficial Bancorp during the 1st quarter valued at approximately $125,000. Two Sigma Securities LLC bought a new position in shares of Beneficial Bancorp during the 4th quarter valued at approximately $179,000. Xact Kapitalforvaltning AB bought a new position in shares of Beneficial Bancorp during the 4th quarter valued at approximately $192,000. Finally, Barclays PLC grew its position in shares of Beneficial Bancorp by 30.3% during the 1st quarter. Barclays PLC now owns 14,311 shares of the bank’s stock valued at $222,000 after acquiring an additional 3,326 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 15th.
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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