Elizabeth H. Gemmill Sells 12,649 Shares of Beneficial Bancorp, Inc. (BNCL) Stock
Beneficial Bancorp, Inc. (NASDAQ:BNCL) Director Elizabeth H. Gemmill sold 12,649 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $17.35, for a total transaction of $219,460.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Beneficial Bancorp, Inc. (BNCL) opened at 16.95 on Friday. Beneficial Bancorp, Inc. has a 12-month low of $14.05 and a 12-month high of $19.00. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 35.02 and a beta of 0.55. The company’s 50 day moving average is $15.89 and its 200 day moving average is $15.48.
Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Beneficial Bancorp had a net margin of 16.20% and a return on equity of 3.47%. The company had revenue of $49.18 million for the quarter, compared to analysts’ expectations of $45.36 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. Analysts forecast that Beneficial Bancorp, Inc. will post $0.48 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in BNCL. Captrust Financial Advisors bought a new stake in Beneficial Bancorp in the second quarter worth $111,000. Fox Run Management L.L.C. bought a new position in Beneficial Bancorp during the second quarter valued at $155,000. BNP Paribas Arbitrage SA increased its position in Beneficial Bancorp by 468.3% during the second quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock valued at $165,000 after acquiring an additional 9,043 shares during the last quarter. KCG Holdings Inc. bought a new position in Beneficial Bancorp during the first quarter valued at $170,000. Finally, Virtu KCG Holdings LLC increased its position in Beneficial Bancorp by 6.5% during the second quarter. Virtu KCG Holdings LLC now owns 11,330 shares of the bank’s stock valued at $170,000 after acquiring an additional 696 shares during the last quarter. Institutional investors own 68.71% of the company’s stock.
Several research firms recently commented on BNCL. Keefe, Bruyette & Woods set a $16.00 target price on shares of Beneficial Bancorp and gave the company a “hold” rating in a report on Thursday, August 17th. BidaskClub lowered shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
About Beneficial Bancorp
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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