Anchor Capital Advisors LLC Increases Position in Beneficial Bancorp, Inc. (BNCL)
Anchor Capital Advisors LLC increased its position in shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,933 shares of the bank’s stock after buying an additional 1,978 shares during the period. Anchor Capital Advisors LLC owned about 0.14% of Beneficial Bancorp worth $1,514,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BNCL. Sei Investments Co. raised its stake in shares of Beneficial Bancorp by 0.9% in the first quarter. Sei Investments Co. now owns 35,324 shares of the bank’s stock worth $565,000 after buying an additional 311 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Beneficial Bancorp by 0.8% in the first quarter. Nationwide Fund Advisors now owns 52,873 shares of the bank’s stock worth $846,000 after buying an additional 426 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Beneficial Bancorp by 4.7% in the first quarter. Victory Capital Management Inc. now owns 12,180 shares of the bank’s stock worth $195,000 after buying an additional 542 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Beneficial Bancorp by 2.3% in the first quarter. Wells Fargo & Company MN now owns 48,754 shares of the bank’s stock worth $780,000 after buying an additional 1,099 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Beneficial Bancorp by 2.3% in the first quarter. TD Asset Management Inc. now owns 57,344 shares of the bank’s stock worth $918,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.
Shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) opened at 15.20 on Monday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 31.40 and a beta of 0.54. The firm’s 50-day moving average is $15.19 and its 200-day moving average is $15.90. Beneficial Bancorp, Inc. has a 52 week low of $13.97 and a 52 week high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $45.36 million. Beneficial Bancorp had a net margin of 16.20% and a return on equity of 3.47%. During the same quarter last year, the company posted $0.04 earnings per share. Analysts forecast that Beneficial Bancorp, Inc. will post $0.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. Beneficial Bancorp’s dividend payout ratio is currently 50.00%.
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Separately, BidaskClub lowered shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.
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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