Los Angeles Capital Management & Equity Research Inc. Reduces Stake in Beneficial Mutual Bancorp Inc. (BNCL)
Los Angeles Capital Management & Equity Research Inc. cut its position in Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) by 12.1% during the second quarter, Holdings Channel reports. The firm owned 61,794 shares of the company’s stock after selling 8,525 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.09% of Beneficial Mutual Bancorp worth $786,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of BNCL. Eagle Boston Investment Management Inc. boosted its stake in Beneficial Mutual Bancorp by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 68,764 shares of the company’s stock worth $874,000 after buying an additional 769 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Beneficial Mutual Bancorp by 3.0% in the first quarter. Panagora Asset Management Inc. now owns 804,489 shares of the company’s stock worth $11,013,000 after buying an additional 23,469 shares during the last quarter. LGL Partners LLC acquired a new stake in shares of Beneficial Mutual Bancorp during the first quarter worth about $605,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Beneficial Mutual Bancorp by 30.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,275,000 shares of the company’s stock worth $17,455,000 after buying an additional 300,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Beneficial Mutual Bancorp by 22.5% in the first quarter. Renaissance Technologies LLC now owns 3,414,170 shares of the company’s stock worth $46,740,000 after buying an additional 627,300 shares during the last quarter. 67.85% of the stock is currently owned by institutional investors.
Shares of Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) traded down 0.40% during midday trading on Tuesday, reaching $14.77. 291,258 shares of the company’s stock were exchanged. Beneficial Mutual Bancorp Inc. has a one year low of $12.30 and a one year high of $15.12. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 63.94 and a beta of 0.53. The firm has a 50 day moving average of $14.62 and a 200-day moving average of $13.74.
Beneficial Mutual Bancorp (NASDAQ:BNCL) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. Beneficial Mutual Bancorp had a net margin of 10.39% and a return on equity of 2.33%. During the same period in the previous year, the firm earned $0.09 EPS. On average, equities research analysts anticipate that Beneficial Mutual Bancorp Inc. will post $0.41 earnings per share for the current year.
In other Beneficial Mutual Bancorp news, CEO Gerard P. Cuddy sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $14.39, for a total value of $431,700.00. Following the sale, the chief executive officer now owns 38,581 shares in the company, valued at $555,180.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.53% of the stock is currently owned by company insiders.
Beneficial Mutual 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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