Keefe, Bruyette & Woods Analysts Give Beneficial Bancorp, Inc. (BNCL) a $16.00 Price Target
Beneficial Bancorp, Inc. (NASDAQ:BNCL) has been given a $16.00 price objective by equities researchers at Keefe, Bruyette & Woods in a report issued on Thursday. The firm currently has a “hold” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 9.59% from the company’s current price.
Separately, BidaskClub raised shares of Beneficial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th.
Beneficial Bancorp (NASDAQ BNCL) traded up 1.03% on Thursday, reaching $14.75. 125,871 shares of the company’s stock traded hands. Beneficial Bancorp has a 52-week low of $14.05 and a 52-week high of $19.00. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 30.48 and a beta of 0.54. The company’s 50 day moving average is $15.16 and its 200-day moving average is $15.71.
Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Beneficial Bancorp had a net margin of 16.20% and a return on equity of 3.47%. The company had revenue of $49.18 million during the quarter, compared to analysts’ expectations of $45.36 million. During the same quarter in the prior year, the company earned $0.04 EPS. Equities analysts expect that Beneficial Bancorp will post $0.48 EPS for the current year.
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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 second quarter worth about $111,000. Fox Run Management L.L.C. acquired a new stake in shares of Beneficial Bancorp during the second quarter worth about $155,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Beneficial Bancorp during the first quarter worth about $159,000. BNP Paribas Arbitrage SA boosted its stake in shares of Beneficial Bancorp by 468.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock worth $165,000 after buying an additional 9,043 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in shares of Beneficial Bancorp during the first quarter worth about $170,000. 70.02% of the stock is 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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