Thomas J. Lewis Sells 14,107 Shares of Beneficial Bancorp, Inc. (BNCL) Stock
Beneficial Bancorp, Inc. (NASDAQ:BNCL) Director Thomas J. Lewis sold 14,107 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $16.00, for a total transaction of $225,712.00. Following the transaction, the director now owns 69,784 shares of the company’s stock, valued at $1,116,544. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Beneficial Bancorp, Inc. (NASDAQ:BNCL) remained flat at $16.00 during trading on Tuesday. 143,471 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $15.07 and its 200-day moving average price is $15.43. The company has a market capitalization of $1.13 billion, a P/E ratio of 33.06 and a beta of 0.55. Beneficial Bancorp, Inc. has a 52 week low of $14.05 and a 52 week high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping 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 firm had revenue of $49.18 million during the quarter, compared to analysts’ expectations of $45.36 million. During the same period in the previous year, the business posted $0.04 earnings per share. Equities research analysts anticipate that Beneficial Bancorp, Inc. will post $0.48 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in Beneficial Bancorp by 5.0% during the second quarter. Russell Investments Group Ltd. now owns 230,230 shares of the bank’s stock worth $3,454,000 after purchasing an additional 11,011 shares during the period. Bank of New York Mellon Corp boosted its position in Beneficial Bancorp by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 420,526 shares of the bank’s stock worth $6,728,000 after purchasing an additional 18,841 shares during the period. Thrivent Financial For Lutherans boosted its position in Beneficial Bancorp by 6.9% during the first quarter. Thrivent Financial For Lutherans now owns 272,520 shares of the bank’s stock worth $4,360,000 after purchasing an additional 17,570 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Beneficial Bancorp by 5.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 320,659 shares of the bank’s stock worth $5,131,000 after purchasing an additional 16,704 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in Beneficial Bancorp by 3.4% during the first quarter. OppenheimerFunds Inc. now owns 803,767 shares of the bank’s stock worth $12,861,000 after purchasing an additional 26,587 shares during the period. 68.71% of the stock is owned by hedge funds and other institutional investors.
BNCL has been the subject of several research analyst reports. BidaskClub upgraded shares of Beneficial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods set a $16.00 target price on shares of Beneficial Bancorp and gave the company a “hold” rating in a research note on Thursday, August 17th.
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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