Clearbridge LLC grew its position in shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 992,189 shares of the bank’s stock after acquiring an additional 92,400 shares during the quarter. Clearbridge LLC owned about 1.31% of Beneficial Bancorp worth $16,062,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in Beneficial Bancorp by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 54,219 shares of the bank’s stock worth $813,000 after buying an additional 357 shares during the last quarter. American International Group Inc. increased its stake in Beneficial Bancorp by 8.1% in the third quarter. American International Group Inc. now owns 46,430 shares of the bank’s stock worth $771,000 after purchasing an additional 3,472 shares during the period. TD Asset Management Inc. increased its stake in Beneficial Bancorp by 6.1% in the third quarter. TD Asset Management Inc. now owns 64,854 shares of the bank’s stock worth $1,077,000 after purchasing an additional 3,700 shares during the period. Bank of New York Mellon Corp increased its stake in Beneficial Bancorp by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 400,512 shares of the bank’s stock worth $6,588,000 after purchasing an additional 3,892 shares during the period. Finally, SG Americas Securities LLC increased 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 valued at $202,000 after buying an additional 5,053 shares during the period. Hedge funds and other institutional investors own 72.28% of the company’s stock.
Beneficial Bancorp, Inc. (NASDAQ BNCL) traded up $0.20 during trading on Friday, reaching $16.00. The company’s stock had a trading volume of 628,452 shares, compared to its average volume of 215,310. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1,192.79, a P/E ratio of 50.00 and a beta of 0.58. Beneficial Bancorp, Inc. has a one year low of $14.30 and a one year high of $17.50.
Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings data on Thursday, February 1st. The bank reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $46.17 million. Beneficial Bancorp had a return on equity of 3.58% and a net margin of 10.56%. During the same quarter in the prior year, the firm earned $0.10 EPS.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. Beneficial Bancorp’s dividend payout ratio is 75.00%.
In other news, EVP Martin F. Gallagher, Jr. sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $15.37, for a total transaction of $537,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Farnesi sold 11,019 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were 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. Over the last three months, insiders have sold 73,517 shares of company stock worth $1,136,196. Insiders own 5.50% of the company’s stock.
Separately, BidaskClub lowered Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 26th.
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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