Beneficial Mutual Bancorp Sees Strong Trading Volume After Analyst Upgrade (BNCL)
Beneficial Mutual Bancorp (NASDAQ:BNCL) saw an uptick in trading volume on Monday after Compass Point raised their price target on the stock from $15.00 to $17.00, Stock Ratings Network.com reports. Compass Point currently has a buy rating on the stock. 191,636 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 102,468 shares.The stock last traded at $13.89 and had previously closed at $13.85.
Separately, analysts at Zacks upgraded shares of Beneficial Mutual Bancorp from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $14.20 price target on the stock. Five equities research analysts have rated the stock with a buy rating, Beneficial Mutual Bancorp has a consensus rating of “Buy” and an average price target of $14.64.
The stock has a 50-day moving average of $13.32 and a 200-day moving average of $13.05. The company has a market cap of $1.022 billion and a P/E ratio of 76.94.
Beneficial Mutual Bancorp (NASDAQ:BNCL) last released its earnings data on Thursday, July 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. On average, analysts predict that Beneficial Mutual Bancorp will post $0.20 earnings per share for the current fiscal year.
Beneficial Mutual Bancorp, Inc is a savings and loan holding company. The Company’s business activities are the ownership of Beneficial Bank (NASDAQ:BNCL).
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