Price Action to Note: What’s Next for Beneficial Bancorp Inc After Touching All-Time High?

Price Action to Note: What's Next for Beneficial Bancorp Inc After Touching All Time High?

The stock of Beneficial Bancorp Inc (NASDAQ:BNCL) reached all time high today, Nov, 21 and still has $22.04 target or 30.00% above today’s $16.95 share price. This indicates more upside for the $1.29 billion company. This technical setup was reported by Barchart.com. If the $22.04 PT is reached, the company will be worth $387.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.80% or $0.3 during the last trading session, hitting $16.95. About 156,918 shares traded hands. Beneficial Bancorp Inc (NASDAQ:BNCL) has risen 19.70% since April 19, 2016 and is uptrending. It has outperformed by 15.84% 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. The stock of Beneficial Bancorp Inc (NASDAQ:BNCL) has “Hold” rating given on Monday, April 25 by Sandler O’Neill.

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 decreased to 1 in 2016 Q2. Its down 0.04, from 1.04 in 2016Q1. The ratio dived, 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.
Qs Limited Liability, a New York-based fund reported 65 shares. Springbok Capital Mgmt Ltd Co has invested 0.01% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL). Highbridge Capital Mngmt Ltd Liability Corp owns 45,476 shares or 0.01% of their US portfolio. The Massachusetts-based Anchor Advsrs Ltd Liability Com has invested 0.04% in Beneficial Bancorp Inc (NASDAQ:BNCL). Swiss Bancorp holds 145,054 shares or 0% of its portfolio. Moreover, State Board Of Administration Of Florida Retirement Systems has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 24,727 shares. Aqr Mngmt Ltd holds 0.01% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL) for 224,075 shares. Morgan Stanley, a New York-based fund reported 332,879 shares. National Bank Of America Corp De holds 169,384 shares or 0% of its portfolio. Moreover, Teacher Retirement Sys Of Texas has 0.01% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 66,130 shares. White Pine Ltd Llc last reported 97,630 shares in the company. Zacks Management reported 53,397 shares or 0.02% of all its holdings. The New York-based Capstone Inv Limited Liability has invested 0% in Beneficial Bancorp Inc (NASDAQ:BNCL). Blackrock Advsr Limited Liability owns 36,272 shares or 0% of their US portfolio. Cubist Systematic Strategies Ltd Limited Liability Company last reported 58,612 shares in the company.

More notable 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 with their article: “Beneficial Bancorp, Inc. to Commence Second Step Conversion Stock Offering” published on November 06, 2014, Streetinsider.com published: “Form 8-K Beneficial Bancorp Inc. For: Nov 17” on November 17, 2016. More interesting news about Beneficial Bancorp Inc (NASDAQ:BNCL) were released by: Globenewswire.com and their article: “Beneficial Bancorp Closes Conestoga Bancorp Merger April 15” published on April 15, 2016 as well as Streetinsider.com‘s news article titled: “Form 8-K Beneficial Bancorp Inc. For: Oct 20” with publication date: October 21, 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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