Beneficial Bancorp, Inc. (BNCL) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its stake in Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,440 shares of the bank’s stock after acquiring an additional 1,536 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.25% of Beneficial Bancorp worth $2,662,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Beneficial Bancorp by 0.5% in the second quarter. Vanguard Group Inc. now owns 6,284,853 shares of the bank’s stock worth $94,273,000 after acquiring an additional 31,477 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Beneficial Bancorp by 3.1% in the first quarter. Geode Capital Management LLC now owns 692,596 shares of the bank’s stock worth $11,081,000 after acquiring an additional 20,988 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Beneficial Bancorp by 13.0% in the second quarter. Deprince Race & Zollo Inc. now owns 562,116 shares of the bank’s stock worth $8,432,000 after acquiring an additional 64,725 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Beneficial Bancorp by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 323,673 shares of the bank’s stock worth $4,856,000 after acquiring an additional 3,014 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Beneficial Bancorp by 5.0% in the second quarter. Russell Investments Group Ltd. now owns 230,230 shares of the bank’s stock worth $3,454,000 after acquiring an additional 11,011 shares during the last quarter. 68.54% of the stock is currently owned by institutional investors and hedge funds.
In other Beneficial Bancorp news, EVP Pam Cyr sold 3,277 shares of Beneficial Bancorp stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $17.06, for a total transaction of $55,905.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Lewis sold 14,107 shares of Beneficial Bancorp stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $16.00, for a total transaction of $225,712.00. Following the transaction, the director now directly owns 69,784 shares in the company, valued at $1,116,544. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,881 shares of company stock worth $1,178,879. 5.80% of the stock is currently owned by corporate insiders.
Several equities research analysts recently issued reports on BNCL shares. 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. BidaskClub cut shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th.
Beneficial Bancorp, Inc. (NASDAQ:BNCL) opened at $16.30 on Friday. The firm has a market cap of $1,237.74, a P/E ratio of 34.68 and a beta of 0.54. 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, Inc. has a 12-month low of $14.30 and a 12-month high of $19.00.
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 analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $49.50 million for the quarter, compared to analysts’ expectations of $45.62 million. Beneficial Bancorp had a net margin of 15.74% and a return on equity of 3.39%. During the same period in the previous year, the company posted $0.14 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Monday, October 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.47%. Beneficial Bancorp’s dividend payout ratio (DPR) is 51.06%.
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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