KBC Group NV Has $319,000 Position in Beneficial Bancorp, Inc. (BNCL)

KBC Group NV continued to hold its position in shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,295 shares of the bank’s stock at the close of the second quarter. KBC Group NV’s holdings in Beneficial Bancorp were worth $319,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Teachers Advisors LLC lifted its stake in shares of Beneficial Bancorp by 42.1% in the 4th quarter. Teachers Advisors LLC now owns 182,485 shares of the bank’s stock valued at $3,358,000 after purchasing an additional 54,088 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Beneficial Bancorp by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 420,526 shares of the bank’s stock valued at $6,728,000 after purchasing an additional 18,841 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Beneficial Bancorp by 5.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 230,230 shares of the bank’s stock valued at $3,454,000 after purchasing an additional 11,011 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Beneficial Bancorp by 6.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 272,520 shares of the bank’s stock valued at $4,360,000 after purchasing an additional 17,570 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of Beneficial Bancorp by 3.4% in the 1st quarter. OppenheimerFunds Inc. now owns 803,767 shares of the bank’s stock valued at $12,861,000 after purchasing an additional 26,587 shares during the period. 68.71% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This story was first posted by BBNS and is owned by of BBNS. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://baseballnewssource.com/markets/beneficial-bancorp-inc-bncl-holdings-held-by-kbc-group-nv/1608469.html.

A number of research analysts have recently weighed in on BNCL shares. BidaskClub downgraded Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Keefe, Bruyette & Woods set a $16.00 price target on Beneficial Bancorp and gave the company a “hold” rating in a research note on Thursday, August 17th.

Shares of Beneficial Bancorp, Inc. (BNCL) opened at 15.50 on Friday. The company has a 50 day moving average of $15.06 and a 200-day moving average of $15.45. The company has a market cap of $1.09 billion, a PE ratio of 32.02 and a beta of 0.55. Beneficial Bancorp, Inc. has a 52-week low of $14.05 and a 52-week high of $19.00.

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

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.

Institutional Ownership by Quarter for Beneficial Bancorp (NASDAQ:BNCL)

Receive News & Ratings for Beneficial Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beneficial Bancorp Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.