Beneficial Bancorp, Inc. (BNCL) Shares Sold by Hennessy Advisors Inc.
Hennessy Advisors Inc. lessened its stake in shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,500 shares of the bank’s stock after selling 7,500 shares during the quarter. Hennessy Advisors Inc. owned 0.29% of Beneficial Bancorp worth $3,694,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in Beneficial Bancorp during the second quarter worth about $111,000. Fox Run Management L.L.C. purchased a new position in Beneficial Bancorp during the second quarter worth about $155,000. KCG Holdings Inc. purchased a new position in Beneficial Bancorp during the first quarter worth about $170,000. BNP Paribas Arbitrage SA boosted its stake in Beneficial Bancorp by 468.3% during the second 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 period. Finally, Virtu KCG Holdings LLC boosted its stake in Beneficial Bancorp by 6.5% during the second 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 period. 68.53% of the stock is owned by institutional investors.
Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 target price on shares of Beneficial Bancorp in a research note on Friday, October 20th.
In other news, Director Elizabeth H. Gemmill sold 12,649 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $17.35, for a total transaction of $219,460.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth H. Gemmill sold 13,748 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $17.00, for a total transaction of $233,716.00. 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. Corporate insiders own 5.80% of the company’s stock.
Shares of Beneficial Bancorp, Inc. (NASDAQ BNCL) traded up $0.10 on Friday, hitting $15.55. 139,028 shares of the stock traded hands, compared to its average volume of 202,541. The firm has a market capitalization of $1,170.00, a PE ratio of 32.87 and a beta of 0.62. Beneficial Bancorp, Inc. has a 1-year low of $14.30 and a 1-year 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 Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business 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 quarter in the prior year, the company earned $0.14 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Monday, October 30th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.54%. Beneficial Bancorp’s dividend payout ratio is presently 51.06%.
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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