Beneficial Bancorp, Inc. (NASDAQ:BNCL) CFO Thomas David Cestare sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $17.00, for a total value of $425,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Beneficial Bancorp, Inc. (BNCL) traded down 0.29% during trading on Thursday, reaching $17.25. The company’s stock had a trading volume of 82,214 shares. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 35.64 and a beta of 0.55. The stock’s 50 day moving average price is $15.75 and its 200-day moving average price is $15.47. Beneficial Bancorp, Inc. has a 52-week low of $14.05 and a 52-week high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $49.18 million for the quarter, compared to analyst estimates of $45.36 million. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. During the same period last year, the company earned $0.04 EPS. Equities analysts anticipate that Beneficial Bancorp, Inc. will post $0.48 EPS for the current year.
Several analysts recently commented on the company. BidaskClub cut Beneficial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Beneficial Bancorp in a report on Tuesday, October 3rd.
Several hedge funds have recently modified their holdings of the company. Wasatch Advisors Inc. grew its position in shares of Beneficial Bancorp by 35.1% in the 2nd quarter. Wasatch Advisors Inc. now owns 131,000 shares of the bank’s stock worth $1,965,000 after buying an additional 34,000 shares during the last quarter. Susquehanna International Group LLP grew its position in shares of Beneficial Bancorp by 12.0% in the 2nd quarter. Susquehanna International Group LLP now owns 37,584 shares of the bank’s stock worth $564,000 after buying an additional 4,026 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Beneficial Bancorp by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,219 shares of the bank’s stock worth $813,000 after buying an additional 357 shares during the last quarter. State Street Corp grew its position in shares of Beneficial Bancorp by 6.2% in the 2nd quarter. State Street Corp now owns 1,486,773 shares of the bank’s stock worth $22,307,000 after buying an additional 87,404 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Beneficial Bancorp by 6.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 227,091 shares of the bank’s stock worth $3,406,000 after buying an additional 14,698 shares during the last quarter. Hedge funds and other institutional investors own 68.71% 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.
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