Beneficial Bancorp, Inc. (NASDAQ:BNCL) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.
Separately, Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.50 price target on shares of Beneficial Bancorp in a research report on Wednesday, April 5th.
Shares of Beneficial Bancorp (NASDAQ BNCL) opened at 14.95 on Thursday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 39.24 and a beta of 0.54. The company’s 50 day moving average price is $14.97 and its 200 day moving average price is $16.41. Beneficial Bancorp has a one year low of $12.86 and a one year high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings results on Friday, April 21st. The bank reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $47.84 million for the quarter, compared to analyst estimates of $44.76 million. Beneficial Bancorp had a return on equity of 3.36% and a net margin of 13.47%. During the same period in the previous year, the firm earned $0.07 earnings per share. On average, analysts expect that Beneficial Bancorp will post $0.45 EPS for the current fiscal year.
In other Beneficial Bancorp news, EVP Joanne R. Ryder sold 27,496 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $16.66, for a total value of $458,083.36. Following the transaction, the executive vice president now directly owns 38,283 shares of the company’s stock, valued at approximately $637,794.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of BNCL. Teton Advisors Inc. raised its position in shares of Beneficial Bancorp by 32.0% in the first quarter. Teton Advisors Inc. now owns 41,698 shares of the bank’s stock valued at $667,000 after buying an additional 10,100 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Beneficial Bancorp by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 420,526 shares of the bank’s stock valued at $6,728,000 after buying an additional 18,841 shares during the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of Beneficial Bancorp by 13.9% in the first quarter. Bbva Compass Bancshares Inc. now owns 30,391 shares of the bank’s stock valued at $486,000 after buying an additional 3,716 shares during the last quarter. First Trust Advisors LP raised its position in shares of Beneficial Bancorp by 36.7% in the first quarter. First Trust Advisors LP now owns 256,137 shares of the bank’s stock valued at $4,098,000 after buying an additional 68,781 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Beneficial Bancorp by 2.3% in the first quarter. Wells Fargo & Company MN now owns 48,754 shares of the bank’s stock valued at $780,000 after buying an additional 1,099 shares during the last quarter. 69.94% of the stock is currently owned by institutional investors.
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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