Beneficial Bancorp (BNCL) Receiving Favorable Media Coverage, Study Shows
News stories about Beneficial Bancorp (NASDAQ:BNCL) have trended positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Beneficial Bancorp earned a media sentiment score of 0.48 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.8329748783907 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Beneficial Bancorp (NASDAQ:BNCL) traded down $0.15 during mid-day trading on Friday, hitting $16.30. 134,297 shares of the stock traded hands, compared to its average volume of 220,147. The stock has a market cap of $1,250.00, a P/E ratio of 35.00 and a beta of 0.62. Beneficial Bancorp has a fifty-two week low of $14.30 and a fifty-two week high of $19.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.07 and a quick ratio of 1.07.
Beneficial Bancorp (NASDAQ:BNCL) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The business had revenue of $49.50 million for the quarter, compared to the consensus estimate of $45.62 million. Beneficial Bancorp had a return on equity of 3.39% and a net margin of 15.74%. During the same quarter in the prior year, the business posted $0.14 earnings per share.
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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, October 27th. Beneficial Bancorp’s dividend payout ratio is currently 51.06%.
BNCL has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Beneficial Bancorp in a report on Friday, October 20th. BidaskClub downgraded shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
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In related news, Director Elizabeth H. Gemmill sold 13,748 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $17.00, for a total transaction of $233,716.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Pam Cyr sold 3,277 shares of the stock in a transaction that occurred 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 have sold 69,881 shares of company stock worth $1,178,879 in the last three months. 5.80% of the stock is currently owned by company insiders.
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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