TIAA CREF Investment Management LLC reduced its stake in Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 468,920 shares of the bank’s stock after selling 14,904 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.67% of Beneficial Bancorp worth $7,503,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BNCL. O Shaughnessy Asset Management LLC bought a new stake in shares of Beneficial Bancorp during the first quarter valued at about $159,000. 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 last quarter. Bbva Compass Bancshares Inc. boosted its stake in shares of Beneficial Bancorp by 13.9% in the first quarter. Bbva Compass Bancshares Inc. now owns 30,391 shares of the bank’s stock valued at $486,000 after buying an additional 3,716 shares during the last quarter. Sei Investments Co. boosted its stake in Beneficial Bancorp by 0.9% in the first quarter. Sei Investments Co. now owns 35,324 shares of the bank’s stock worth $565,000 after buying an additional 311 shares in the last quarter. Finally, Teton Advisors Inc. boosted its stake in Beneficial Bancorp by 32.0% in the first quarter. Teton Advisors Inc. now owns 41,698 shares of the bank’s stock worth $667,000 after buying an additional 10,100 shares in the last quarter. Institutional investors and hedge funds own 69.79% of the company’s stock.
Beneficial Bancorp, Inc. (NASDAQ:BNCL) traded down 0.65% during trading on Friday, hitting $15.20. The company had a trading volume of 268,391 shares. The company’s 50 day moving average price is $15.19 and its 200-day moving average price is $15.90. Beneficial Bancorp, Inc. has a 12 month low of $13.97 and a 12 month high of $19.00. The company has a market cap of $1.07 billion, a PE ratio of 31.40 and a beta of 0.54.
Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted $0.04 EPS. Equities analysts expect that Beneficial Bancorp, Inc. will post $0.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, July 28th. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. Beneficial Bancorp’s dividend payout ratio (DPR) is currently 50.00%.
Separately, BidaskClub upgraded Beneficial Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th.
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.
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.