Beneficial Bancorp, Inc. to Issue Quarterly Dividend of $0.06 (BNCL)
Beneficial Bancorp, Inc. (NASDAQ:BNCL) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Investors of record on Monday, October 30th will be given a dividend of 0.06 per share by the bank on Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, October 27th.
Beneficial Bancorp (NASDAQ:BNCL) traded up 1.47% during mid-day trading on Monday, reaching $17.25. The company had a trading volume of 192,174 shares. The firm has a market capitalization of $1.22 billion, a PE ratio of 35.64 and a beta of 0.55. The stock’s 50-day moving average price is $16.15 and its 200 day moving average price is $15.51. Beneficial Bancorp has a 52 week low of $14.05 and a 52 week high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings data on Friday, October 20th. The bank reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $49.50 million during the quarter, compared to analysts’ expectations of $45.62 million. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. During the same quarter last year, the firm earned $0.14 EPS. On average, equities research analysts predict that Beneficial Bancorp will post $0.50 EPS for the current year.
In other Beneficial Bancorp news, Director Elizabeth H. Gemmill sold 12,649 shares of Beneficial Bancorp stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $17.35, for a total transaction of $219,460.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth H. Gemmill sold 13,748 shares of Beneficial Bancorp stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $17.00, for a total value of $233,716.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,604 shares of company stock valued at $1,122,973. 5.80% of the stock is currently owned by insiders.
A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 price objective on shares of Beneficial Bancorp in a research report on Friday. BidaskClub cut Beneficial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th.
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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