BidaskClub Lowers Beneficial Bancorp, Inc. (BNCL) to Sell

BidaskClub lowered shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) from a hold rating to a sell rating in a research report report published on Thursday, July 13th.

Separately, Keefe, Bruyette & Woods restated a hold rating and set a $16.50 price objective on shares of Beneficial Bancorp in a report on Wednesday, April 5th.

Shares of Beneficial Bancorp (BNCL) opened at 15.30 on Thursday. The company’s 50-day moving average price is $15.16 and its 200 day moving average price is $15.89. Beneficial Bancorp has a 52 week low of $14.05 and a 52 week high of $19.00. The company has a market cap of $1.08 billion, a P/E ratio of 31.61 and a beta of 0.54.

Beneficial Bancorp (NASDAQ:BNCL) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $49.18 million for the quarter, compared to the consensus estimate of $45.36 million. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, equities analysts forecast that Beneficial Bancorp will post $0.48 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, July 28th. Beneficial Bancorp’s dividend payout ratio is presently 50.00%.

Several large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new stake in shares of Beneficial Bancorp during the first quarter valued at about $159,000. Fox Run Management L.L.C. bought a new stake in shares of Beneficial Bancorp during the second quarter valued at about $155,000. KCG Holdings Inc. bought a new stake in shares of Beneficial Bancorp during the first quarter valued at about $170,000. BNP Paribas Arbitrage SA boosted its stake in shares of Beneficial Bancorp by 468.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock valued at $165,000 after buying an additional 9,043 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Beneficial Bancorp by 4.7% in the first quarter. Victory Capital Management Inc. now owns 12,180 shares of the bank’s stock valued at $195,000 after buying an additional 542 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

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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