Insider Selling: Beneficial Bancorp, Inc. (BNCL) CFO Sells 25,000 Shares of Stock
Beneficial Bancorp, Inc. (NASDAQ:BNCL) CFO Thomas David Cestare sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $17.00, for a total transaction of $425,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Beneficial Bancorp, Inc. (BNCL) traded up 1.17% during trading on Wednesday, hitting $17.30. 188,068 shares of the stock traded hands. Beneficial Bancorp, Inc. has a 1-year low of $14.05 and a 1-year high of $19.00. The stock has a 50-day moving average of $15.75 and a 200 day moving average of $15.47. The company has a market cap of $1.22 billion, a P/E ratio of 35.74 and a beta of 0.55.
Beneficial Bancorp (NASDAQ:BNCL) last announced its earnings results on Friday, July 21st. The bank reported $0.13 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 firm had revenue of $49.18 million for the quarter, compared to analysts’ expectations of $45.36 million. During the same quarter in the previous year, the business posted $0.04 EPS. On average, equities research analysts predict that Beneficial Bancorp, Inc. will post $0.48 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of Beneficial Bancorp during the 2nd quarter valued at $111,000. Fox Run Management L.L.C. bought a new stake in shares of Beneficial Bancorp during the 2nd quarter valued at $155,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Beneficial Bancorp during the 1st quarter valued at $159,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Beneficial Bancorp by 468.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock valued at $165,000 after buying an additional 9,043 shares in the last quarter. Finally, KCG Holdings Inc. bought a new stake in shares of Beneficial Bancorp during the 1st quarter valued at $170,000. Hedge funds and other institutional investors own 68.71% of the company’s stock.
BNCL has been the subject of several analyst reports. BidaskClub cut shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Keefe, Bruyette & Woods set a $16.00 target price on shares of Beneficial Bancorp and gave the company a “hold” rating in a research report on Thursday, August 17th.
About Beneficial Bancorp
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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