Beneficial Mutual Bancorp Inc. (BNCL) Shares Sold by California Public Employees Retirement System
California Public Employees Retirement System reduced its position in shares of Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 133,496 shares of the company’s stock after selling 12,000 shares during the period. California Public Employees Retirement System owned 0.19% of Beneficial Mutual Bancorp worth $1,698,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new position in Beneficial Mutual Bancorp during the second quarter worth approximately $1,737,000. Suntrust Banks Inc. boosted its position in Beneficial Mutual Bancorp by 6.9% in the second quarter. Suntrust Banks Inc. now owns 13,781 shares of the company’s stock worth $175,000 after buying an additional 888 shares during the last quarter. Bbva Compass Bancshares Inc. purchased a new position in Beneficial Mutual Bancorp during the second quarter worth approximately $176,000. Boston Advisors LLC boosted its position in Beneficial Mutual Bancorp by 1.2% in the second quarter. Boston Advisors LLC now owns 23,865 shares of the company’s stock worth $304,000 after buying an additional 275 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Beneficial Mutual Bancorp during the second quarter worth approximately $209,000. Institutional investors own 67.50% of the company’s stock.
Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) traded down 0.14% on Friday, hitting $14.73. The stock had a trading volume of 192,005 shares. The stock’s 50-day moving average is $14.78 and its 200 day moving average is $13.89. Beneficial Mutual Bancorp Inc. has a 1-year low of $12.30 and a 1-year high of $15.12. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 63.77 and a beta of 0.51.
Beneficial Mutual Bancorp (NASDAQ:BNCL) last issued its earnings results on Friday, July 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Beneficial Mutual Bancorp had a return on equity of 2.33% and a net margin of 10.39%. During the same period in the previous year, the business earned $0.09 EPS. On average, equities research analysts predict that Beneficial Mutual Bancorp Inc. will post $0.41 earnings per share for the current fiscal year.
In other Beneficial Mutual Bancorp news, CEO Gerard P. Cuddy sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $14.39, for a total transaction of $431,700.00. Following the sale, the chief executive officer now directly owns 38,581 shares of the company’s stock, valued at $555,180.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.53% of the stock is owned by insiders.
Beneficial Mutual 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.
Want to see what other hedge funds are holding BNCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL).
Receive News & Ratings for Beneficial Mutual Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beneficial Mutual Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.