BidaskClub upgraded shares of Beneficial Bancorp (NASDAQ:BNCL) from a sell rating to a hold rating in a report published on Wednesday morning.
Separately, Keefe, Bruyette & Woods reiterated a hold rating and set a $17.00 target price on shares of Beneficial Bancorp in a research report on Friday, October 20th.
Beneficial Bancorp (NASDAQ BNCL) traded up $0.25 during trading hours on Wednesday, reaching $15.70. 285,300 shares of the company’s stock were exchanged, compared to its average volume of 213,671. The firm has a market capitalization of $1,173.19, a price-to-earnings ratio of 49.06 and a beta of 0.53. Beneficial Bancorp has a 52-week low of $14.30 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.07.
Beneficial Bancorp (NASDAQ:BNCL) last released its quarterly earnings results on Thursday, February 1st. The bank reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Beneficial Bancorp had a net margin of 10.56% and a return on equity of 3.59%. The firm had revenue of $52.12 million for the quarter, compared to analyst estimates of $46.17 million. During the same period in the previous year, the business earned $0.10 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be given a dividend of $0.06 per share. 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 1.53%. Beneficial Bancorp’s payout ratio is 75.00%.
In other news, EVP Pam Cyr sold 4,000 shares of the company’s stock in a transaction that occurred 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 SEC, which is available through this hyperlink. Also, Director Frank Farnesi sold 11,019 shares of the company’s stock in a transaction that occurred 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. 5.80% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of BNCL. Virtu KCG Holdings LLC raised its stake in shares of Beneficial Bancorp by 6.5% during the second quarter. Virtu KCG Holdings LLC now owns 11,330 shares of the bank’s stock worth $170,000 after buying an additional 696 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Beneficial Bancorp during the fourth quarter worth approximately $179,000. FDx Advisors Inc. bought a new stake in shares of Beneficial Bancorp during the third quarter worth approximately $201,000. SG Americas Securities LLC raised its stake in shares of Beneficial Bancorp by 70.8% during the third quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock worth $202,000 after buying an additional 5,053 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Beneficial Bancorp during the fourth quarter worth approximately $386,000. 69.19% of the stock is owned by institutional investors and hedge funds.
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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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