Salzhauer Michael Purchases Shares of 62,072 Beneficial Bancorp, Inc. (BNCL)

Salzhauer Michael acquired a new position in shares of Beneficial Bancorp, Inc. (NASDAQ:BNCL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 62,072 shares of the bank’s stock, valued at approximately $931,000. Salzhauer Michael owned approximately 0.09% of Beneficial Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sei Investments Co. increased its position in shares of 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 during the last quarter. Teton Advisors Inc. increased its position in shares of 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 during the last quarter. Bank of New York Mellon Corp increased its position in shares of Beneficial Bancorp by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 420,526 shares of the bank’s stock worth $6,728,000 after buying an additional 18,841 shares during the last quarter. Bbva Compass Bancshares Inc. increased its position 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 worth $486,000 after buying an additional 3,716 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Beneficial Bancorp by 36.7% in the first quarter. First Trust Advisors LP now owns 256,137 shares of the bank’s stock worth $4,098,000 after buying an additional 68,781 shares during the last quarter. 69.79% of the stock is currently owned by institutional investors and hedge funds.

Beneficial Bancorp, Inc. (NASDAQ BNCL) opened at 15.20 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 31.40 and a beta of 0.54. The firm’s 50-day moving average is $15.19 and its 200-day moving average is $15.90. Beneficial Bancorp, Inc. has a 12 month low of $13.83 and a 12 month high of $19.00.

Beneficial Bancorp (NASDAQ:BNCL) last released its earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Beneficial Bancorp had a return on equity of 3.47% and a net margin of 16.20%. The business had revenue of $49.18 million during the quarter, compared to the consensus estimate of $45.36 million. During the same period last year, the company earned $0.04 earnings per share. On average, equities analysts expect that Beneficial Bancorp, Inc. will post $0.48 earnings per share for the current fiscal 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 of this dividend 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 50.00%.

Separately, BidaskClub raised shares of Beneficial Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th.

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.