Beneficial Bancorp (NASDAQ:BNCL) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Separately, Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 target price on shares of Beneficial Bancorp in a research note on Tuesday, October 3rd.

Shares of Beneficial Bancorp (BNCL) opened at $16.40 on Tuesday. Beneficial Bancorp has a one year low of $14.30 and a one year high of $18.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1,241.53, a price-to-earnings ratio of 34.79 and a beta of 0.54.

Beneficial Bancorp (NASDAQ:BNCL) last issued its quarterly earnings data on Friday, October 20th. The bank reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Beneficial Bancorp had a return on equity of 3.39% and a net margin of 15.74%. The business had revenue of $49.50 million during the quarter, compared to analysts’ expectations of $45.62 million. During the same period in the previous year, the firm posted $0.14 earnings per share.

In other Beneficial Bancorp news, Director Elizabeth H. Gemmill sold 12,649 shares of Beneficial Bancorp stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $17.35, for a total transaction of $219,460.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Lewis sold 14,107 shares of Beneficial Bancorp stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $16.00, for a total value of $225,712.00. Following the sale, the director now directly owns 69,784 shares of the company’s stock, valued at $1,116,544. The disclosure for this sale can be found here. Insiders have sold a total of 73,881 shares of company stock valued at $1,247,479 over the last three months. 5.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BNCL. Captrust Financial Advisors purchased a new stake in shares of Beneficial Bancorp in the 2nd quarter valued at about $111,000. BNP Paribas Arbitrage SA raised its stake in Beneficial Bancorp by 468.3% during the 2nd 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. Virtu KCG Holdings LLC raised its stake in Beneficial Bancorp by 6.5% during the 2nd 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. FDx Advisors Inc. purchased a new stake in Beneficial Bancorp during the 3rd quarter valued at approximately $201,000. Finally, SG Americas Securities LLC raised its stake in Beneficial Bancorp by 70.8% during the 3rd quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock valued at $202,000 after acquiring an additional 5,053 shares during the last quarter. 69.37% of the stock is owned by institutional investors.

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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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