Beneficial Bancorp (NASDAQ:BNCL) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Keefe, Bruyette & Woods set a $16.00 price objective on shares of Beneficial Bancorp and gave the stock a “hold” rating in a report on Thursday, August 17th.

Beneficial Bancorp (BNCL) traded up $0.65 on Tuesday, hitting $16.75. 365,136 shares of the stock traded hands, compared to its average volume of 118,054. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. Beneficial Bancorp has a fifty-two week low of $14.30 and a fifty-two week high of $18.85. The company has a market cap of $1,271.91, a price-to-earnings ratio of 35.64 and a beta of 0.54.

Beneficial Bancorp (NASDAQ:BNCL) last posted its earnings results on Friday, October 20th. The bank reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Beneficial Bancorp had a net margin of 15.74% and a return on equity of 3.39%. The business had revenue of $49.50 million for the quarter, compared to analyst estimates of $45.62 million. During the same quarter in the prior year, the firm earned $0.14 EPS.

In other Beneficial Bancorp news, EVP Pam Cyr sold 3,277 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $17.06, for a total transaction of $55,905.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Elizabeth H. Gemmill sold 12,649 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 73,881 shares of company stock worth $1,247,479. Insiders own 5.80% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Beneficial Bancorp by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,284,853 shares of the bank’s stock valued at $94,273,000 after purchasing an additional 31,477 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Beneficial Bancorp by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,012,283 shares of the bank’s stock valued at $83,204,000 after purchasing an additional 117,759 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Beneficial Bancorp by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 3,820,870 shares of the bank’s stock valued at $57,313,000 after purchasing an additional 119,300 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Beneficial Bancorp by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,756,263 shares of the bank’s stock valued at $45,892,000 after purchasing an additional 294,370 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Beneficial Bancorp by 6.2% in the 2nd quarter. State Street Corp now owns 1,486,773 shares of the bank’s stock valued at $22,307,000 after purchasing an additional 87,404 shares during the last quarter. 69.37% of the stock is currently owned by hedge funds and other institutional investors.

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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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