Beneficial Bancorp, Inc. (BNCL) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC grew its holdings in Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,350 shares of the bank’s stock after purchasing an additional 9,828 shares during the quarter. Teachers Advisors LLC owned about 0.29% of Beneficial Bancorp worth $3,050,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Beneficial Bancorp by 13.9% in the second quarter. Wells Fargo & Company MN now owns 55,539 shares of the bank’s stock valued at $833,000 after buying an additional 6,785 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Beneficial Bancorp by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 63,259 shares of the bank’s stock valued at $949,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Beneficial Bancorp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 14,329 shares of the bank’s stock valued at $215,000 after buying an additional 2,149 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Beneficial Bancorp in the second quarter valued at about $249,000. Finally, Deprince Race & Zollo Inc. lifted its stake 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 valued at $8,432,000 after buying an additional 64,725 shares during the period. 68.71% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on BNCL. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Beneficial Bancorp in a research note on Tuesday, October 3rd. BidaskClub upgraded shares of Beneficial Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.
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Shares of Beneficial Bancorp, Inc. (NASDAQ BNCL) opened at 16.90 on Wednesday. Beneficial Bancorp, Inc. has a 1-year low of $14.05 and a 1-year high of $19.00. The company has a market cap of $1.19 billion, a PE ratio of 34.92 and a beta of 0.55. The company has a 50 day moving average of $15.89 and a 200 day moving average of $15.47.
Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Beneficial Bancorp had a net margin of 16.20% and a return on equity of 3.47%. The business had revenue of $49.18 million for the quarter, compared to analyst estimates of $45.36 million. During the same quarter in the prior year, the business earned $0.04 EPS. Equities analysts expect that Beneficial Bancorp, Inc. will post $0.48 earnings per share for the current fiscal year.
In related news, Director Elizabeth H. Gemmill sold 12,649 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $17.35, for a total value of $219,460.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Lewis sold 14,107 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $16.00, for a total transaction of $225,712.00. Following the completion of the transaction, the director now owns 69,784 shares in the company, valued at approximately $1,116,544. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,604 shares of company stock worth $1,122,973. 5.80% of the stock is 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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