Dimensional Fund Advisors LP raised its stake in shares of Beneficial Bancorp Inc (NASDAQ:BNCL) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,520,371 shares of the bank’s stock after buying an additional 124,714 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Beneficial Bancorp worth $89,431,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BNCL. Janus Henderson Group PLC boosted its holdings in shares of Beneficial Bancorp by 7.5% during the second quarter. Janus Henderson Group PLC now owns 2,149,647 shares of the bank’s stock worth $34,824,000 after purchasing an additional 150,574 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Beneficial Bancorp by 4.4% during the second quarter. BlackRock Inc. now owns 4,665,192 shares of the bank’s stock worth $75,577,000 after purchasing an additional 198,346 shares during the last quarter. Maltese Capital Management LLC boosted its holdings in shares of Beneficial Bancorp by 116.7% during the second quarter. Maltese Capital Management LLC now owns 130,000 shares of the bank’s stock worth $2,106,000 after purchasing an additional 70,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Beneficial Bancorp by 5.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 387,629 shares of the bank’s stock worth $6,280,000 after purchasing an additional 18,766 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Beneficial Bancorp by 5.9% during the second quarter. Strs Ohio now owns 59,500 shares of the bank’s stock worth $963,000 after purchasing an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Shares of BNCL opened at $17.70 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $1.32 billion, a P/E ratio of 32.09 and a beta of 0.64. Beneficial Bancorp Inc has a twelve month low of $14.75 and a twelve month high of $18.60.

Beneficial Bancorp (NASDAQ:BNCL) last issued its earnings results on Friday, July 20th. The bank reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $52.51 million for the quarter. Beneficial Bancorp had a return on equity of 3.98% and a net margin of 11.93%.

Several equities research analysts have recently issued reports on BNCL shares. Sandler O’Neill upgraded Beneficial Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, August 10th. Compass Point restated a “buy” rating and set a $21.00 price objective on shares of Beneficial Bancorp in a report on Thursday, August 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.50 price objective on shares of Beneficial Bancorp in a report on Tuesday, July 24th. Finally, BidaskClub raised Beneficial Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 22nd.

In related news, Director Elizabeth H. Gemmill sold 2,500 shares of the stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $17.00, for a total value of $42,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Lewis sold 13,068 shares of the stock in a transaction on Friday, July 20th. The stock was sold at an average price of $16.20, for a total value of $211,701.60. The disclosure for this sale can be found here. Insiders sold a total of 50,658 shares of company stock worth $840,734 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Beneficial Bancorp Company Profile

Beneficial Bancorp, Inc, together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jersey area. The company accepts various deposit products, including non-interest bearing demand deposits, such as individual checking accounts; interest-bearing demand accounts comprising NOW, municipal, and money market accounts; savings accounts; certificates of deposit; and commercial checking accounts, as well as checking accounts primarily for small businesses.

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Institutional Ownership by Quarter for Beneficial Bancorp (NASDAQ:BNCL)

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