Rothschild Asset Management Inc. Has $1.33 Million Position in Beneficial Bancorp, Inc. (NASDAQ:BNCL)
Rothschild Asset Management Inc. decreased its position in shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 56.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 88,389 shares of the bank’s stock after selling 116,696 shares during the period. Rothschild Asset Management Inc.’s holdings in Beneficial Bancorp were worth $1,326,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Beneficial Bancorp during the fourth quarter worth $13,693,000. Teachers Advisors LLC boosted its position in Beneficial Bancorp by 42.1% in the fourth quarter. Teachers Advisors LLC now owns 182,485 shares of the bank’s stock worth $3,358,000 after buying an additional 54,088 shares during the period. Nationwide Fund Advisors boosted its position in 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 during the period. Acadian Asset Management LLC boosted its position in Beneficial Bancorp by 1.7% in the first quarter. Acadian Asset Management LLC now owns 1,244,737 shares of the bank’s stock worth $19,915,000 after buying an additional 21,401 shares during the period. Finally, Strs Ohio boosted its position in Beneficial Bancorp by 2.4% in the first quarter. Strs Ohio now owns 54,800 shares of the bank’s stock worth $876,000 after buying an additional 1,300 shares during the period. Institutional investors own 70.21% of the company’s stock.
Shares of Beneficial Bancorp, Inc. (BNCL) opened at 15.00 on Thursday. Beneficial Bancorp, Inc. has a 52 week low of $14.05 and a 52 week high of $19.00. The stock has a market cap of $1.06 billion, a PE ratio of 30.99 and a beta of 0.54. The firm has a 50-day moving average of $15.16 and a 200 day moving average of $15.83.
Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $49.18 million for the quarter, compared to the consensus estimate of $45.36 million. Beneficial Bancorp had a net margin of 16.20% and a return on equity of 3.47%. During the same period last year, the firm posted $0.04 earnings per share. On average, equities analysts forecast that Beneficial Bancorp, Inc. will post $0.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, July 28th. Beneficial Bancorp’s dividend payout ratio is currently 50.00%.
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Separately, BidaskClub upgraded shares of Beneficial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th.
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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