BidaskClub upgraded shares of Beneficial Bancorp (NASDAQ:BNCL) from a sell rating to a hold rating in a report released on Friday, March 9th.
Beneficial Bancorp stock traded down $0.15 during mid-day trading on Friday, hitting $15.40. The stock had a trading volume of 251,366 shares, compared to its average volume of 227,146. The company has a market capitalization of $1,173.92, a P/E ratio of 31.10 and a beta of 0.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.10 and a current ratio of 1.10. Beneficial Bancorp has a one year low of $14.30 and a one year high of $17.50.
Beneficial Bancorp (NASDAQ:BNCL) last issued its earnings results on Thursday, February 1st. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Beneficial Bancorp had a net margin of 10.56% and a return on equity of 3.58%. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $46.17 million. During the same quarter in the prior year, the firm posted $0.10 EPS.
In related news, Director Frank Farnesi sold 11,019 shares of the 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 document filed with the SEC, which can be accessed through the SEC website. Also, EVP Martin F. Gallagher, Jr. sold 35,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $15.37, for a total transaction of $537,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 93,517 shares of company stock worth $1,452,196 over the last 90 days. Corporate insiders own 5.50% of the company’s stock.
Large investors have recently modified their holdings of the company. Two Sigma Securities LLC purchased a new position in shares of Beneficial Bancorp during the fourth quarter worth approximately $179,000. Xact Kapitalforvaltning AB purchased a new position in shares of Beneficial Bancorp during the fourth quarter worth approximately $192,000. FDx Advisors Inc. bought a new position in shares of Beneficial Bancorp during the third quarter valued at approximately $201,000. SG Americas Securities LLC boosted its stake in shares of Beneficial Bancorp by 70.8% during the third quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock valued at $202,000 after purchasing an additional 5,053 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Beneficial Bancorp during the fourth quarter valued at approximately $386,000. 72.28% of the stock is currently owned by institutional investors and hedge funds.
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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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