Anchor Capital Advisors LLC lowered its position in Beneficial Bancorp, Inc. (NASDAQ:BNCL) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,955 shares of the bank’s stock after selling 14,431 shares during the period. Anchor Capital Advisors LLC owned 0.14% of Beneficial Bancorp worth $1,583,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Beneficial Bancorp by 32.7% in the fourth quarter. FMR LLC now owns 5,742,011 shares of the bank’s stock worth $105,653,000 after buying an additional 1,413,414 shares in the last quarter. Norges Bank acquired a new position in Beneficial Bancorp during the fourth quarter valued at approximately $13,693,000. Deprince Race & Zollo Inc. acquired a new position in Beneficial Bancorp during the first quarter valued at approximately $7,958,000. JPMorgan Chase & Co. increased its position in Beneficial Bancorp by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 2,521,522 shares of the bank’s stock valued at $40,344,000 after buying an additional 456,666 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Beneficial Bancorp by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,416,569 shares of the bank’s stock valued at $81,266,000 after buying an additional 332,913 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) traded down 1.63% on Tuesday, hitting $15.05. 138,170 shares of the stock traded hands. The firm has a market cap of $1.05 billion, a PE ratio of 39.50 and a beta of 0.52. The firm has a 50 day moving average price of $15.17 and a 200 day moving average price of $16.58. Beneficial Bancorp, Inc. has a 52-week low of $12.34 and a 52-week high of $19.00.
Beneficial Bancorp (NASDAQ:BNCL) last released its quarterly earnings results on Friday, April 21st. The bank reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Beneficial Bancorp had a return on equity of 3.36% and a net margin of 13.47%. The company had revenue of $47.84 million for the quarter, compared to analyst estimates of $44.76 million. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, equities analysts forecast that Beneficial Bancorp, Inc. will post $0.45 EPS for the current year.
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Several research analysts have commented on the stock. BidaskClub raised shares of Beneficial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.50 price target on shares of Beneficial Bancorp in a research note on Wednesday, April 5th.
In related news, EVP Joanne R. Ryder sold 27,496 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $16.66, for a total transaction of $458,083.36. Following the sale, the executive vice president now owns 38,283 shares in the company, valued at approximately $637,794.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.80% 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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