Keefe, Bruyette & Woods repeats "Hold" Rating for Beneficial Bancorp (BNCL)



  Beneficial Bancorp logo "title =" Beneficial Bancorp logo "class =" companylogo "/> <span> Beneficial Bancorp (NASDAQ: BNCL) </span> has re-issued his" hold "rating by research analysts from Keefe, Bruyette & Woods in a report released on Tuesday, July 24. They currently have a target price of $ 16.50 on the bank's shares Keefe, Bruyette & Woods & # 39; price target indicates a potential drawback of 6.78% compared to the Previous closure of the company. </p>
<p>  Separately, BidaskClub reduced shares of Beneficial Bancorp from a & # 39; hold & # 39; sell to a & # 39; sell & # 39; credit rating in a study letter on Friday, April 20. [19659003] Shares of Beneficial Bancorp shares fell $ 0.05 during trading hours on Tuesday and reached $ 17.70, while the company's shares had a trading volume of 344,588 shares, compared with the average volume of 233,279. point in 1 year of $ 14.40 and a 1-year high of $ 18.60 The company has a market capitalization of $ 1.35 billion, a P / E ratio of 32.73 and a beta of 0.55 The company has a quick ratio of 1.10 , a current ratio of 1.10 and a debt-to-equity ratio of 0.50. </p>
<p>Beneficial Bancorp (NASDAQ: BNCL) last published the quarterly results on Friday 20 July. The bank reported $ 0.16 per share (EPS) for the quarter, on top of the $ 0.14 consensus estimate with $ 0.02. Beneficial Bancorp had a net margin of 11.93% and a return on equity of 3.98%. The company had sales of $ 52.51 million during the quarter.</p>
<p> In other Beneficial Bancorp news, director Elizabeth H. Gemmill sold 2,500 shares of the share in a transaction on Friday, June 22nd. The shares were sold at an average price of $ 17.00, for a total transaction of $ 42,500.00. The transaction was disclosed in an application to the SEC, which is accessible via the SEC website. Also sold by director Elizabeth H. Gemmill 10.795 shares of the share in a transaction on Thursday, June 7. The shares were sold at an average price of $ 17.00, for a total transaction of $ 183,515.00. The information for this sale can be found here. Insiders sold a total of 88,950 shares of company shares worth $ 1,477,949 in the last quarter. 5.50% of the shares are currently held by insiders. </p>
<p>  Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in the Beneficial Bancorp shares by 1.6% in the fourth quarter. BlackRock Inc. now owns 4,558,403 shares of the bank valued at $ 74,987,000 after buying an additional 70,305 shares in the last quarter. Wells Fargo & Company MN increased its exposure to shares in Beneficial Bancorp by 8.3% in the first quarter. Wells Fargo & Company MN now owns 114,451 shares of the bank's share of $ 1,780,000 after the purchase of a further 8,819 shares in the last quarter. Geode Capital Management LLC increased its position in the Beneficial Bancorp shares by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 744,251 shares of the bank's share of $ 12,242,000 after buying 15,361 shares during the last quarter. Barclays PLC increased its position in the Beneficial Bancorp shares by 30.3% in the 1st quarter. Barclays PLC now owns 14,311 shares of the bank's share of $ 222,000 after the purchase of another 3,326 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in Beneficial Bancorp shares in the fourth quarter worth approximately $ 538,000. Hedge funds and other institutional investors hold 72.30% of the company's shares. </p>
<p>  <strong> Beneficial Bancorp Company Profile </strong> </p>
<p>  Beneficial Bancorp, Inc., together with its subsidiaries, provides consumer and commercial banking services to individuals, corporations and non-profit organizations in Philadelphia and South New Jersey. The company accepts various deposit products, including non-interest-bearing term deposits, such as individual payment accounts; interest-bearing receivables accounts consisting of accounts from NOW, municipal and money markets; savings account; deposit receipts; and commercial payment accounts, as well as checking accounts in the first place for small businesses. </p>
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