Beneficial Bancorp, Inc. (NASDAQ:BNCL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 396,620 shares of the bank’s stock after selling 15,507 shares during the period. Bank of New York Mellon Corp owned 0.52% of Beneficial Bancorp worth $6,583,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Beneficial Bancorp by 0.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 63,259 shares of the bank’s stock valued at $949,000 after purchasing an additional 200 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Beneficial Bancorp by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 54,219 shares of the bank’s stock valued at $813,000 after purchasing an additional 357 shares in the last quarter. Legal & General Group Plc lifted its holdings in Beneficial Bancorp by 1.6% during the second quarter. Legal & General Group Plc now owns 28,469 shares of the bank’s stock valued at $428,000 after purchasing an additional 455 shares in the last quarter. Virtu KCG Holdings LLC lifted its holdings in Beneficial Bancorp by 6.5% during the second quarter. Virtu KCG Holdings LLC now owns 11,330 shares of the bank’s stock valued at $170,000 after purchasing an additional 696 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Beneficial Bancorp by 0.9% during the second quarter. Parametric Portfolio Associates LLC now owns 177,440 shares of the bank’s stock valued at $2,662,000 after purchasing an additional 1,536 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Beneficial Bancorp, Inc. (BNCL) opened at $17.00 on Friday. The company has a market cap of $1,294.69, a PE ratio of 36.17 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.07 and a quick ratio of 1.07. Beneficial Bancorp, Inc. has a 12-month low of $14.30 and a 12-month high of $18.30.

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

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price objective on shares of Beneficial Bancorp in a report on Friday, October 20th. BidaskClub downgraded shares of Beneficial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.

In related news, Director Frank Farnesi sold 11,019 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $16.66, for a total transaction of $183,576.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Pam Cyr sold 3,277 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $17.06, for a total transaction of $55,905.62. The disclosure for this sale can be found here. Insiders sold 18,296 shares of company stock valued at $308,082 over the last quarter. Company insiders own 5.80% of the company’s stock.

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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.

Institutional Ownership by Quarter for Beneficial Bancorp (NASDAQ:BNCL)

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