Beneficial Bancorp (BNCL) Lowered to Sell at BidaskClub

BidaskClub cut shares of Beneficial Bancorp (NASDAQ:BNCL) from a hold rating to a sell rating in a research report sent to investors on Friday, January 26th.

Separately, Keefe, Bruyette & Woods reiterated a hold rating and issued a $16.00 price target on shares of Beneficial Bancorp in a research report on Tuesday, October 3rd.

Shares of Beneficial Bancorp (NASDAQ BNCL) opened at $15.35 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1,160.00, a P/E ratio of 32.55 and a beta of 0.62. Beneficial Bancorp has a 12-month low of $14.30 and a 12-month high of $17.50.

Beneficial Bancorp (NASDAQ:BNCL) last announced its earnings results on Thursday, February 1st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $52.12 million during the quarter, compared to analyst estimates of $46.17 million. Beneficial Bancorp had a net margin of 10.56% and a return on equity of 3.59%. During the same period in the previous year, the business posted $0.10 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.56%. Beneficial Bancorp’s payout ratio is currently 51.06%.

In related news, EVP Pam Cyr sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $17.15, for a total transaction of $68,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Farnesi sold 11,019 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $16.66, for a total transaction of $183,576.54. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Large investors have recently modified their holdings of the stock. California Public Employees Retirement System boosted its position in shares of Beneficial Bancorp by 4.6% during the second quarter. California Public Employees Retirement System now owns 111,496 shares of the bank’s stock worth $1,672,000 after acquiring an additional 4,900 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Beneficial Bancorp by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 341,918 shares of the bank’s stock worth $5,676,000 after acquiring an additional 18,245 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Beneficial Bancorp by 0.5% during the second quarter. Vanguard Group Inc. now owns 6,284,853 shares of the bank’s stock worth $94,273,000 after acquiring an additional 31,477 shares during the last quarter. State Street Corp boosted its position in shares of Beneficial Bancorp by 6.2% during the second quarter. State Street Corp now owns 1,486,773 shares of the bank’s stock worth $22,307,000 after acquiring an additional 87,404 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in Beneficial Bancorp during the third quarter valued at $510,000. Hedge funds and other institutional investors own 69.19% of the company’s stock.

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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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