FDx Advisors Inc. purchased a new stake in Beneficial Bancorp Inc (NASDAQ:BNCL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,242 shares of the bank’s stock, valued at approximately $146,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of Beneficial Bancorp by 142.2% in the 4th quarter. Meeder Asset Management Inc. now owns 2,967 shares of the bank’s stock valued at $42,000 after purchasing an additional 1,742 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Beneficial Bancorp by 2,379.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 8,604 shares of the bank’s stock valued at $145,000 after purchasing an additional 8,257 shares during the last quarter. OTA Financial Group L.P. bought a new position in shares of Beneficial Bancorp in the 4th quarter valued at $289,000. Virtu Financial LLC bought a new position in shares of Beneficial Bancorp in the 3rd quarter valued at $404,000. Finally, AQR Capital Management LLC increased its stake in shares of Beneficial Bancorp by 45.7% in the 3rd quarter. AQR Capital Management LLC now owns 24,081 shares of the bank’s stock valued at $407,000 after purchasing an additional 7,558 shares during the last quarter. Institutional investors own 68.81% of the company’s stock.
Get Beneficial Bancorp alerts:Separately, BidaskClub upgraded Beneficial Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th.
In related news, CEO Gerard P. Cuddy sold 170,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $16.02, for a total transaction of $2,723,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 5.50% of the company’s stock.
Shares of BNCL stock opened at $16.12 on Thursday. The firm has a market cap of $1.21 billion, a P/E ratio of 24.94 and a beta of 0.83. Beneficial Bancorp Inc has a twelve month low of $13.74 and a twelve month high of $18.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.12.
Beneficial Bancorp (NASDAQ:BNCL) last issued its quarterly earnings data on Friday, February 1st. The bank reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $52.02 million for the quarter. Beneficial Bancorp had a return on equity of 4.67% and a net margin of 19.88%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Monday, February 11th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.49%.
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Beneficial Bancorp Company Profile
Beneficial Bancorp, Inc, together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jersey area. The company accepts various deposit products, including non-interest bearing demand deposits, such as individual checking accounts; interest-bearing demand accounts comprising NOW, municipal, and money market accounts; savings accounts; certificates of deposit; and commercial checking accounts, as well as checking accounts primarily for small businesses.
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