UBS Asset Management Americas Inc. maintained its stake in Beneficial Bancorp, Inc. (NASDAQ:BNCL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,815 shares of the bank’s stock at the end of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Beneficial Bancorp were worth $387,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. lifted its position in Beneficial Bancorp by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 63,259 shares of the bank’s stock valued at $949,000 after acquiring an additional 200 shares during the last quarter. Legal & General Group Plc lifted its position in Beneficial Bancorp by 1.6% in the second quarter. Legal & General Group Plc now owns 28,469 shares of the bank’s stock valued at $428,000 after acquiring an additional 455 shares during the last quarter. Wells Fargo & Company MN lifted its position in Beneficial Bancorp by 2.3% in the first quarter. Wells Fargo & Company MN now owns 48,754 shares of the bank’s stock valued at $780,000 after acquiring an additional 1,099 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in Beneficial Bancorp by 3.4% in the first quarter. Tudor Investment Corp ET AL now owns 49,790 shares of the bank’s stock valued at $797,000 after acquiring an additional 1,646 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in Beneficial Bancorp by 2.0% in the second quarter. Anchor Capital Advisors LLC now owns 100,933 shares of the bank’s stock valued at $1,514,000 after acquiring an additional 1,978 shares during the last quarter. 68.54% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Thomas J. Lewis sold 14,107 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $16.00, for a total value of $225,712.00. Following the transaction, the director now owns 69,784 shares in the company, valued at $1,116,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Pam Cyr sold 3,277 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $17.06, for a total value of $55,905.62. The disclosure for this sale can be found here. Insiders sold 69,881 shares of company stock worth $1,178,879 in the last 90 days. 5.80% of the stock is owned by company insiders.
A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 target price on shares of Beneficial Bancorp in a report on Friday, October 20th. BidaskClub lowered shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.
Beneficial Bancorp, Inc. (BNCL) opened at 17.25 on Monday. Beneficial Bancorp, Inc. has a 52 week low of $14.30 and a 52 week high of $19.00. The stock’s 50 day moving average is $16.46 and its 200-day moving average is $15.55. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 35.64 and a beta of 0.55.
Beneficial Bancorp (NASDAQ:BNCL) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.13 EPS for the quarter, topping 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 company had revenue of $49.50 million for the quarter, compared to analysts’ expectations of $45.62 million. During the same quarter last year, the business earned $0.14 earnings per share. On average, equities research analysts expect that Beneficial Bancorp, Inc. will post $0.50 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Monday, October 30th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, October 27th. Beneficial Bancorp’s payout ratio is currently 51.06%.
Beneficial Bancorp 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.
Want to see what other hedge funds are holding BNCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beneficial Bancorp, Inc. (NASDAQ:BNCL).
What are top analysts saying about Beneficial Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Beneficial Bancorp Inc. and related companies.