Beneficial Bancorp, Inc. (NASDAQ:BNCL) Director Elizabeth H. Gemmill sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $17.35, for a total transaction of $19,085.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Beneficial Bancorp (NASDAQ:BNCL) last released its earnings results on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $49.18 million during the quarter, compared to analysts’ expectations of $45.36 million. Beneficial Bancorp had a net margin of 16.20% and a return on equity of 3.47%. During the same period last year, the business earned $0.04 EPS.
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Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods set a $16.00 target price on shares of Beneficial Bancorp and gave the stock a “hold” rating in a research note on Thursday, August 17th. BidaskClub downgraded shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. lifted its stake in Beneficial Bancorp by 35.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 131,000 shares of the bank’s stock valued at $1,965,000 after acquiring an additional 34,000 shares during the period. Susquehanna International Group LLP increased its holdings in shares of Beneficial Bancorp by 12.0% during the 2nd quarter. Susquehanna International Group LLP now owns 37,584 shares of the bank’s stock valued at $564,000 after purchasing an additional 4,026 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Beneficial Bancorp by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,219 shares of the bank’s stock valued at $813,000 after purchasing an additional 357 shares in the last quarter. State Street Corp increased its holdings in shares of Beneficial Bancorp by 6.2% during the 2nd quarter. State Street Corp now owns 1,486,773 shares of the bank’s stock valued at $22,307,000 after purchasing an additional 87,404 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Beneficial Bancorp by 6.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 227,091 shares of the bank’s stock valued at $3,406,000 after purchasing an additional 14,698 shares in the last quarter. Institutional investors and hedge funds 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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