KBC Group NV maintained its stake in Beneficial Bancorp, Inc. (NASDAQ:BNCL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,295 shares of the bank’s stock at the end of the second quarter. KBC Group NV’s holdings in Beneficial Bancorp were worth $319,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC bought a new position in shares of Beneficial Bancorp in the 1st quarter worth $159,000. Fox Run Management L.L.C. bought a new position in shares of Beneficial Bancorp during the 2nd quarter valued at $155,000. KCG Holdings Inc. bought a new position in shares of Beneficial Bancorp during the 1st quarter valued at $170,000. BNP Paribas Arbitrage SA grew its holdings in shares of Beneficial Bancorp by 468.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,974 shares of the bank’s stock valued at $165,000 after purchasing an additional 9,043 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Beneficial Bancorp by 4.7% during the 1st quarter. Victory Capital Management Inc. now owns 12,180 shares of the bank’s stock valued at $195,000 after purchasing an additional 542 shares during the last quarter. 68.71% of the stock is currently owned by hedge funds and other institutional investors.
BNCL has been the topic of several recent research reports. BidaskClub raised shares of Beneficial Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods set a $16.00 target price on shares of Beneficial Bancorp and gave the company a “hold” rating in a report on Thursday, August 17th.
Beneficial Bancorp, Inc. (BNCL) traded up 1.90% during trading on Friday, hitting $16.05. 137,594 shares of the company traded hands. Beneficial Bancorp, Inc. has a 52 week low of $14.05 and a 52 week high of $19.00. The company’s 50 day moving average is $15.07 and its 200-day moving average is $15.43. The stock has a market capitalization of $1.13 billion, a PE ratio of 33.16 and a beta of 0.55.
Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.13 earnings per share 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 analysts’ expectations of $45.36 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. Analysts predict that Beneficial Bancorp, Inc. will post $0.48 earnings per share for the current year.
Beneficial Bancorp 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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