Beneficial Bancorp (BNCL) Getting Positive Press Coverage, Analysis Shows
News coverage about Beneficial Bancorp (NASDAQ:BNCL) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Beneficial Bancorp earned a coverage optimism score of 0.46 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 43.4673713215384 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Beneficial Bancorp, Inc. (BNCL) Director Elizabeth H. Gemmill Sells 12,649 Shares (americanbankingnews.com)
- Philadelphia Businesses Unite to Fight Hunger (finance.yahoo.com)
- Beneficial Bancorp, Inc. (BNCL) Director Sells $19,085.00 in Stock (americanbankingnews.com)
- Beneficial Bancorp, Inc. (BNCL) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
- Beneficial Bancorp, Inc. (BNCL) Director Sells $233,716.00 in Stock (americanbankingnews.com)
Shares of Beneficial Bancorp (BNCL) traded down 0.59% during trading on Tuesday, hitting $16.90. The stock had a trading volume of 149,994 shares. The company has a market cap of $1.19 billion, a PE ratio of 34.92 and a beta of 0.55. Beneficial Bancorp has a 12-month low of $14.05 and a 12-month high of $19.00. The stock’s 50 day moving average is $15.89 and its 200-day moving average is $15.47.
Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The business had revenue of $49.18 million during the quarter, compared to the consensus estimate of $45.36 million. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. During the same quarter in the previous year, the business earned $0.04 earnings per share. Analysts forecast that Beneficial Bancorp will post $0.48 earnings per share for the current year.
BNCL has been the topic of several recent analyst reports. BidaskClub lowered Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Keefe, Bruyette & Woods set a $16.00 price target on Beneficial Bancorp and gave the company a “hold” rating in a research note on Thursday, August 17th.
In other news, Director Elizabeth H. Gemmill sold 12,649 shares of Beneficial Bancorp stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $17.35, for a total value of $219,460.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth H. Gemmill sold 13,748 shares of Beneficial Bancorp stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $17.00, for a total value of $233,716.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,604 shares of company stock valued at $1,122,973. Company insiders own 5.80% of the company’s stock.
About Beneficial Bancorp
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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