Keefe, Bruyette & Woods Reaffirms “Hold” Rating for Beneficial Bancorp, Inc. (BNCL)
Beneficial Bancorp, Inc. (NASDAQ:BNCL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday. They currently have a $16.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 4.48% from the company’s previous close.
Separately, BidaskClub lowered Beneficial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
Shares of Beneficial Bancorp (NASDAQ BNCL) traded down 0.89% during mid-day trading on Tuesday, reaching $16.75. The company’s stock had a trading volume of 283,942 shares. The company has a market capitalization of $1.18 billion, a PE ratio of 34.61 and a beta of 0.55. Beneficial Bancorp has a 52-week low of $14.05 and a 52-week high of $19.00. The firm’s 50 day moving average is $15.38 and its 200-day moving average is $15.43.
Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $45.36 million. During the same quarter last year, the business posted $0.04 EPS. Analysts forecast that Beneficial Bancorp will post $0.48 EPS for the current year.
In related news, Director Thomas J. Lewis sold 14,107 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $16.00, for a total value of $225,712.00. Following the completion of the sale, the director now directly owns 69,784 shares of the company’s stock, valued at approximately $1,116,544. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new position in shares of Beneficial Bancorp in the 2nd quarter valued at about $111,000. Fox Run Management L.L.C. purchased a new stake in shares of Beneficial Bancorp in the second quarter worth approximately $155,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Beneficial Bancorp in the first quarter worth approximately $159,000. BNP Paribas Arbitrage SA lifted its position 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 purchasing an additional 9,043 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in shares of Beneficial Bancorp in the first quarter worth approximately $170,000. 68.71% of the stock is currently 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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