Los Angeles Capital Management & Equity Research Inc. raised its position in Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 63,259 shares of the bank’s stock after purchasing an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.09% of Beneficial Bancorp worth $949,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in Beneficial Bancorp by 10.9% in the first quarter. FMR LLC now owns 6,365,864 shares of the bank’s stock valued at $101,855,000 after purchasing an additional 623,853 shares during the last quarter. Vanguard Group Inc. grew its holdings in Beneficial Bancorp by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,253,376 shares of the bank’s stock valued at $100,054,000 after purchasing an additional 234,845 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $75,169,000 after purchasing an additional 281,399 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Beneficial Bancorp by 8.1% in the first quarter. Renaissance Technologies LLC now owns 3,701,570 shares of the bank’s stock valued at $59,225,000 after purchasing an additional 278,488 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Beneficial Bancorp by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 2,521,522 shares of the bank’s stock valued at $40,344,000 after purchasing an additional 456,666 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors.
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Shares of Beneficial Bancorp, Inc. (NASDAQ BNCL) opened at 15.60 on Thursday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 32.23 and a beta of 0.55. The firm has a 50-day moving average price of $15.07 and a 200 day moving average price of $15.43. Beneficial Bancorp, Inc. has a 12-month low of $14.05 and a 12-month high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last issued its earnings results on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The business had revenue of $49.18 million for the quarter, compared to analysts’ expectations of $45.36 million. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. During the same period in the previous year, the firm posted $0.04 EPS. On average, equities research analysts anticipate that Beneficial Bancorp, Inc. will post $0.48 earnings per share for the current fiscal year.
Several analysts have weighed in on BNCL shares. BidaskClub raised Beneficial Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods set a $16.00 target price on Beneficial Bancorp and gave the company a “hold” rating in a report on Thursday, August 17th.
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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