The stock of Beneficial Bancorp Inc (NASDAQ:BNCL) hit a new 52-week high and has $23.07 target or 39.00% above today’s $16.60 share price. The 8 months bullish chart indicates low risk for the $1.26B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $23.07 price target is reached, the company will be worth $491.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 67,010 shares traded hands. Beneficial Bancorp Inc (NASDAQ:BNCL) has risen 18.99% since April 12, 2016 and is uptrending. It has outperformed by 14.01% the S&P500.
Beneficial Bancorp Inc (NASDAQ:BNCL) Ratings Coverage
Out of 2 analysts covering Beneficial Mutual Bancorp (NASDAQ:BNCL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Beneficial Mutual Bancorp has been the topic of 2 analyst reports since October 27, 2015 according to StockzIntelligence Inc. Sandler O’Neill downgraded Beneficial Bancorp Inc (NASDAQ:BNCL) on Monday, April 25 to “Hold” rating.
According to Zacks Investment Research, “Beneficial Bancorp, Inc. operates as a bank holding company of Beneficial Bank. The Bank through its wholly owned subsidiaries Beneficial Insurance Services LLC and Beneficial Advisors offers Insurance services and wealth management services. Beneficial Bancorp, Inc., formerly known as Beneficial Mutual Bancorp, Inc., is headquartered in Philadelphia, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.07, from 0.97 in 2016Q1. The ratio improved, as 9 funds sold all Beneficial Bancorp Inc shares owned while 44 reduced positions. 15 funds bought stakes while 40 increased positions. They now own 48.81 million shares or 9.70% less from 54.05 million shares in 2016Q1.
Moreover, Eagle Boston Invest has 0.12% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 68,764 shares. Minerva Advsr Limited Liability Com accumulated 0.26% or 30,231 shares. Babson Cap Mgmt Ltd Liability Company accumulated 0.05% or 167,200 shares. Salzhauer Michael holds 0.64% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL) for 62,072 shares. Brandywine Global Inv Mngmt Ltd Co last reported 0.07% of its portfolio in the stock. Teachers Advsr Inc holds 112,381 shares or 0% of its portfolio. Teton has 27,998 shares for 0.03% of their US portfolio. Ny State Common Retirement Fund holds 73,700 shares or 0% of its portfolio. Tower Research (Trc) has invested 0.02% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL). Swiss Bankshares last reported 145,054 shares in the company. Moreover, Us Financial Bank De has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 50 shares. Wellington Mngmt Group Llp holds 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL) for 36,536 shares. Art Ltd Limited Liability Company reported 47,264 shares or 0.03% of all its holdings. Jpmorgan Chase, a New York-based fund reported 1.94 million shares. Bridgeway Capital Management accumulated 0.04% or 183,100 shares.
More important recent Beneficial Bancorp Inc (NASDAQ:BNCL) news were published by: Globenewswire.com which released: “Beneficial Bancorp, Inc. to Acquire Conestoga Bank” on October 22, 2015, also Globenewswire.com published article titled: “Beneficial Bancorp, Inc. Announces Third Quarter Results and Cash Dividend to …”, Globenewswire.com published: “Beneficial Bancorp, Inc. to Commence Second Step Conversion Stock Offering” on November 06, 2014. More interesting news about Beneficial Bancorp Inc (NASDAQ:BNCL) was released by: Globenewswire.com and their article: “Beneficial Bancorp Closes Conestoga Bancorp Merger April 15” with publication date: April 15, 2016.
BNCL Company Profile
Beneficial Bancorp, Inc., incorporated on August 11, 2014, is a stock holding firm of Beneficial Bank (the Bank). The Bank is a Pennsylvania chartered bank. The Bank offers consumer and commercial banking services to individuals, businesses and nonprofit organizations through over 60 offices throughout the Philadelphia and Southern New Jersey area. The Firm offers traditional financial services to clients and businesses in its market areas. The Firm offers insurance brokerage and investment advisory services through its subsidiaries, Beneficial Insurance Services, LLC and Beneficial Advisors, LLC, respectively. The Firm operates over 30 full-service banking offices in Bucks, Chester, Delaware, Montgomery and Philadelphia Counties, Pennsylvania, and approximately 20 full-service banking offices in Burlington, Gloucester and Camden Counties, New Jersey. The Firm also operates a lending office in Montgomery County, Pennsylvania. In addition, Beneficial Insurance Services, LLC, operates an office in Delaware County, Pennsylvania, and provides property, causality, life, health and professional liability insurance to its customers.
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