Frank Farnesi Sells 11,019 Shares of Beneficial Bancorp, Inc. (BNCL) Stock

Beneficial Bancorp, Inc. (NASDAQ:BNCL) Director Frank Farnesi sold 11,019 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $16.66, for a total value of $183,576.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Beneficial Bancorp, Inc. (BNCL) traded up $0.07 during midday trading on Friday, hitting $17.13. The stock had a trading volume of 23,698 shares, compared to its average volume of 164,012. The stock has a market capitalization of $1,290.00, a PE ratio of 36.44 and a beta of 0.62. Beneficial Bancorp, Inc. has a one year low of $14.30 and a one year high of $18.30. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.07.

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

BNCL has been the subject of a number of recent research reports. BidaskClub downgraded Beneficial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 target price on shares of Beneficial Bancorp in a research report on Friday, October 20th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in shares of Beneficial Bancorp in the second quarter valued at $111,000. BNP Paribas Arbitrage SA grew its position in shares of Beneficial Bancorp by 468.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock valued at $165,000 after purchasing an additional 9,043 shares in the last quarter. Virtu KCG Holdings LLC grew its position in shares of Beneficial Bancorp by 6.5% in the second quarter. Virtu KCG Holdings LLC now owns 11,330 shares of the bank’s stock valued at $170,000 after purchasing an additional 696 shares in the last quarter. FDx Advisors Inc. purchased a new position in shares of Beneficial Bancorp in the third quarter valued at $201,000. Finally, SG Americas Securities LLC grew its position in shares of Beneficial Bancorp by 70.8% in the third quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock valued at $202,000 after purchasing an additional 5,053 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

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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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