Beneficial Bancorp, Inc. (BNCL) Holdings Boosted by Wells Fargo & Company MN
Wells Fargo & Company MN boosted its holdings in Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 50.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,821 shares of the bank’s stock after buying an additional 28,282 shares during the quarter. Wells Fargo & Company MN’s holdings in Beneficial Bancorp were worth $1,391,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in Beneficial Bancorp by 468.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock worth $165,000 after buying an additional 9,043 shares during the last quarter. Virtu KCG Holdings LLC raised its position in Beneficial Bancorp by 6.5% in the 2nd quarter. Virtu KCG Holdings LLC now owns 11,330 shares of the bank’s stock worth $170,000 after buying an additional 696 shares during the last quarter. FDx Advisors Inc. purchased a new position in Beneficial Bancorp in the 3rd quarter worth about $201,000. SG Americas Securities LLC raised its position in Beneficial Bancorp by 70.8% in the 3rd quarter. SG Americas Securities LLC now owns 12,187 shares of the bank’s stock worth $202,000 after buying an additional 5,053 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in Beneficial Bancorp in the 2nd quarter worth about $226,000. 69.36% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on BNCL shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 target price on shares of Beneficial Bancorp in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Beneficial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.
Beneficial Bancorp (NASDAQ:BNCL) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Beneficial Bancorp had a net margin of 15.74% and a return on equity of 3.39%. The firm had revenue of $49.50 million during the quarter, compared to analyst estimates of $45.62 million. During the same quarter in the prior year, the firm earned $0.14 EPS.
In other news, EVP Pam Cyr sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $17.15, for a total transaction of $68,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Farnesi sold 11,019 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $16.66, for a total transaction of $183,576.54. The disclosure for this sale can be found here. Insiders have sold a total of 18,296 shares of company stock valued at $308,082 in the last ninety days. Insiders own 5.80% 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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