Insider Selling: Beneficial Bancorp, Inc. (BNCL) Director Sells 11,019 Shares of Stock

Beneficial Bancorp, Inc. (NASDAQ:BNCL) Director Frank Farnesi sold 11,019 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Beneficial Bancorp, Inc. (BNCL) opened at $17.00 on Friday. The firm has a market capitalization of $1,294.69, a P/E ratio of 36.28 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.07 and a quick ratio of 1.07. Beneficial Bancorp, Inc. has a 52-week low of $14.30 and a 52-week high of $18.30.

Beneficial Bancorp (NASDAQ:BNCL) last released its earnings results on Friday, October 20th. The bank reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Beneficial Bancorp had a return on equity of 3.39% and a net margin of 15.74%. The firm had revenue of $49.50 million during the quarter, compared to the consensus estimate of $45.62 million. During the same period in the prior year, the firm posted $0.14 earnings per share.

Several large investors have recently made changes to their positions in BNCL. Captrust Financial Advisors acquired a new stake in shares of Beneficial Bancorp during the 2nd quarter valued at $111,000. BNP Paribas Arbitrage SA lifted its position in shares of Beneficial Bancorp by 468.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock valued at $165,000 after acquiring an additional 9,043 shares during the last quarter. Virtu KCG Holdings LLC lifted its position in shares of Beneficial Bancorp by 6.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 11,330 shares of the bank’s stock valued at $170,000 after acquiring an additional 696 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Beneficial Bancorp during the 3rd quarter valued at $201,000. Finally, SG Americas Securities LLC lifted its position in shares of Beneficial Bancorp by 70.8% during the 3rd quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock valued at $202,000 after acquiring an additional 5,053 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 target price on shares of Beneficial Bancorp in a research report on Friday, October 20th. BidaskClub downgraded Beneficial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

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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.

Insider Buying and Selling by Quarter for Beneficial Bancorp (NASDAQ:BNCL)

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