Company shares last traded at $17.25 slightly over $16.22, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $15.51. The 50 day moving average was up $1.03 and the 200 day average was up $1.74. Trading was heavy with 248K shares changing hands by the end of trading on Tuesday. Volume was up 31.27% over the stocks average daily volume.
Short traders are more bullish on shares of the company if you evaluate the downtick in short interest. The company recorded a fall in short interest of -12.62% as of the latest report on September 29, 2017. Short shares decreased from 1,588,155 to 1,387,687 over that period. Days to cover decreased from 9.0 to 6.0 and the short interest percentage is 0.02% as of September 29.
Beneficial Bancorp, Inc. (NASDAQ:BNCL) has been the object of insider selling activity recently. EVP Thomas David Cestare let go of 25,000 shares at an average price of $17.00 on Tue the 10th. That brings the EVP’s holdings to $897,651 as reported to the SEC. Elizabeth H. Gemmill, Director let go of $233,716 worth of shares at an average price of $17.00 on October 10th. The Director now owns $1,800,113 of the stock per an SEC filing yesterday.
Director Roy D. Yates sold 10,000 shares at an average price of $17.00 on Tue the 10th. Yates now owns $11,181,801 of stock as recorded in a recent Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (BNCL). Baird Financial Group, Inc. reduced its stake by selling 4,129 shares a decrease of 5.5%. Baird Financial Group, Inc. owns 71,161 shares with a value of $1,067,000. The value of the position overall is down by 11.5%. As of quarter end Aristotle Capital Boston, LLC had bought a total of 75,122 shares growing its stake by 144.1%. The value of the company’s investment in Beneficial Bancorp, Inc. increased from $834,000 to $1,909,000 increasing 128.9% quarter over quarter.
As of the end of the quarter Swift Run Capital Management, LLC had disposed of 5,990 shares trimming its holdings by 1.9%. The value of the investment in BNCL went from $5,021,000 to $4,617,000 a change of 8.0% quarter to quarter. As of the end of the quarter Acadian Asset Management LLC had sold 67,965 shares trimming its position 6.3%. The value of the investment in Beneficial Bancorp, Inc. increased from $16,252,000 to $16,860,000 a change of $608,000 since the last quarter.
The company is up by 1.47% percent from yesterday’s close. Beneficial Bancorp, Inc. declared a dividend for shareholders payable on Thursday November 9th, 2017. The dividend will be $0.060 per share for the quarter which comes to $0.24 on an annualized basis. This dividend represents a yield of $1.41 which is the dividend as a percentage of the current share price. The ex-dividend date is Friday the 28th of July 2017.
The P/E ratio is 35.64 and the market cap is 1.22B. As of the latest earnings report the EPS was $0.48 and is estimated to be $0.50 for the current year with 70,630,000 shares now outstanding. Next quarter’s EPS is estimated at $0.13 and the next full year EPS is anticipated to be $0.56.
Beneficial Bancorp, Inc., launched on August 11, 2014, is a stock holding company of Beneficial Bank (the Bank). The Bank is a Pennsylvania chartered bank. As of December 31, 2016, the Bank offered consumer and commercial banking services to individuals, businesses and nonprofit organizations through 63 offices throughout the Philadelphia and Southern New Jersey area. The Company offers traditional financial services to consumers and businesses in its market areas. The Company offers insurance brokerage and investment advisory services through its subsidiaries, Beneficial Insurance Services, LLC and Beneficial Advisors, LLC, respectively. As of December 31, 2016, the Company operated over 40 full-service banking offices in Bucks, Chester, Delaware, Montgomery and Philadelphia Counties, Pennsylvania and 23 full-service banking offices in Burlington, Gloucester and Camden Counties, New Jersey. The Company also operates a lending office in Montgomery County, Pennsylvania. In addition, Beneficial Insurance Services, LLC, operates an office in Montgomery County, Pennsylvania, and provides property, causality, life, health and professional liability insurance to its customers..