Beneficial Bancorp, Inc. (BNCL) Scheduled to Post Earnings on Thursday
Beneficial Bancorp, Inc. (NASDAQ:BNCL) will be posting its quarterly earnings results on Thursday, October 19th.
Beneficial Bancorp (NASDAQ:BNCL) last issued 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 for the quarter, compared to analyst estimates of $45.36 million. During the same quarter in the previous year, the business posted $0.04 EPS. On average, analysts expect Beneficial Bancorp to post $0.48 EPS for the current fiscal year and $0.55 EPS for the next fiscal year.
Beneficial Bancorp, Inc. (NASDAQ BNCL) opened at 17.30 on Thursday. The firm has a 50-day moving average of $15.75 and a 200-day moving average of $15.47. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 35.74 and a beta of 0.55. Beneficial Bancorp, Inc. has a one year low of $14.05 and a one year high of $19.00.
In other Beneficial Bancorp news, Director Thomas J. Lewis sold 14,107 shares of the stock in a transaction on Friday, September 22nd. The shares were 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 legal filing with the SEC, which is available through the SEC website. Also, Director Elizabeth H. Gemmill sold 13,748 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $17.00, for a total transaction of $233,716.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,855 shares of company stock valued at $884,428. Insiders own 5.80% of the company’s stock.
A number of research firms recently issued reports on BNCL. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Beneficial Bancorp in a research note on Tuesday, October 3rd. BidaskClub upgraded shares of Beneficial Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.
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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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