Beneficial Bancorp (NASDAQ:BNCL) Director Roy D. Yates sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $15.80, for a total transaction of $316,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ:BNCL opened at $15.65 on Wednesday. The company has a market capitalization of $1,166.37, a P/E ratio of 30.90 and a beta of 0.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.10 and a current ratio of 1.10. Beneficial Bancorp has a fifty-two week low of $14.30 and a fifty-two week high of $17.50.
Beneficial Bancorp (NASDAQ:BNCL) last announced its earnings results on Thursday, February 1st. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $46.17 million. Beneficial Bancorp had a net margin of 10.56% and a return on equity of 3.58%. During the same period last year, the company posted $0.10 EPS.
Separately, BidaskClub downgraded shares of Beneficial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.
A number of hedge funds have recently made changes to their positions in BNCL. Nationwide Fund Advisors raised its holdings in Beneficial Bancorp by 14.1% during the 3rd quarter. Nationwide Fund Advisors now owns 58,790 shares of the bank’s stock worth $976,000 after buying an additional 7,269 shares during the period. FDx Advisors Inc. acquired a new stake in Beneficial Bancorp during the 3rd quarter worth approximately $201,000. SG Americas Securities LLC raised its holdings in Beneficial Bancorp by 70.8% during the 3rd 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 period. Wasatch Advisors Inc. raised its holdings in Beneficial Bancorp by 16.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 152,243 shares of the bank’s stock worth $2,527,000 after buying an additional 21,243 shares during the period. Finally, American International Group Inc. raised its holdings in Beneficial Bancorp by 8.1% during the 3rd quarter. American International Group Inc. now owns 46,430 shares of the bank’s stock worth $771,000 after buying an additional 3,472 shares during the period. Hedge funds and other institutional investors own 72.28% of the company’s stock.
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About Beneficial Bancorp
Beneficial Bancorp, Inc, together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jersey area. The company accepts various deposit products, including non-interest bearing demand deposits, such as individual checking accounts; interest-bearing demand accounts comprising NOW, municipal, and money market accounts; savings accounts; certificates of deposit; and commercial checking accounts, as well as checking accounts primarily for small businesses.
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