Beneficial Bancorp (BNCL) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Beneficial Bancorp (NASDAQ:BNCL) from a sell rating to a hold rating in a report published on Wednesday.

Separately, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $17.00 target price on shares of Beneficial Bancorp in a research note on Friday, October 20th.

Beneficial Bancorp (NASDAQ:BNCL) traded up $0.25 on Wednesday, hitting $15.70. 285,300 shares of the company were exchanged, compared to its average volume of 213,671. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $1,173.19, a P/E ratio of 49.06 and a beta of 0.53. Beneficial Bancorp has a twelve month low of $14.30 and a twelve month high of $17.50.

Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The business had revenue of $52.12 million during the quarter, compared to the consensus estimate of $46.17 million. Beneficial Bancorp had a net margin of 10.56% and a return on equity of 3.59%. During the same period in the previous year, the firm posted $0.10 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, February 2nd. Beneficial Bancorp’s payout ratio is presently 75.00%.

In other Beneficial Bancorp news, Director Frank Farnesi sold 11,019 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $16.66, for a total value of $183,576.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pam Cyr sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $17.15, for a total transaction of $68,600.00. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in BNCL. Virtu KCG Holdings LLC boosted its holdings in shares of Beneficial Bancorp by 6.5% in the second quarter. Virtu KCG Holdings LLC now owns 11,330 shares of the bank’s stock valued at $170,000 after buying an additional 696 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Beneficial Bancorp in the fourth quarter valued at approximately $179,000. FDx Advisors Inc. acquired a new position in shares of Beneficial Bancorp in the third quarter valued at approximately $201,000. SG Americas Securities LLC boosted its holdings in shares of Beneficial Bancorp by 70.8% in the third quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock valued at $202,000 after buying an additional 5,053 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Beneficial Bancorp in the fourth quarter valued at approximately $386,000. Institutional investors own 69.19% of the company’s stock.

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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.

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