Beneficial Bancorp, Inc. (NASDAQ:BNCL) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, June 30th.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.50 price objective on shares of Beneficial Bancorp in a research note on Wednesday, April 5th.
Shares of Beneficial Bancorp (BNCL) traded down 0.26% during trading on Friday, hitting $15.40. 102,734 shares of the stock were exchanged. The stock has a market cap of $1.09 billion, a PE ratio of 31.82 and a beta of 0.54. The firm has a 50 day moving average of $15.20 and a 200-day moving average of $15.96. Beneficial Bancorp has a 52-week low of $13.55 and a 52-week high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $49.18 million during the quarter, compared to analysts’ expectations of $45.36 million. Beneficial Bancorp had a return on equity of 3.48% and a net margin of 16.20%. During the same quarter last year, the business posted $0.04 EPS. Equities research analysts anticipate that Beneficial Bancorp will post $0.48 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Beneficial Bancorp by 10.9% in the first quarter. FMR LLC now owns 6,365,864 shares of the bank’s stock worth $101,855,000 after buying an additional 623,853 shares during the last quarter. Vanguard Group Inc. increased its stake in Beneficial Bancorp by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,253,376 shares of the bank’s stock worth $100,054,000 after buying an additional 234,845 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Beneficial Bancorp by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,697,968 shares of the bank’s stock worth $75,169,000 after buying an additional 281,399 shares during the last quarter. Renaissance Technologies LLC increased its stake in Beneficial Bancorp by 8.1% in the first quarter. Renaissance Technologies LLC now owns 3,701,570 shares of the bank’s stock worth $59,225,000 after buying an additional 278,488 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Beneficial Bancorp by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 2,521,522 shares of the bank’s stock worth $40,344,000 after buying an additional 456,666 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors.
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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