What’s in Beneficial Bancorp Incorporated (NASDAQ:BNCL) After Rise in Shorted Shares?

September 17, 2017 - By Clifton Ray

 What’s in Beneficial Bancorp Incorporated (NASDAQ:BNCL) After Rise in Shorted Shares?

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.05, from 1 in 2016Q3. It improved, as 9 investors sold Beneficial Bancorp, Inc. shares while 49 reduced holdings. 22 funds opened positions while 39 raised stakes. 51.47 million shares or 1.19% more from 50.86 million shares in 2016Q3 were reported.
Strs Ohio has 0% invested in Beneficial Bancorp, Inc. (NASDAQ:BNCL) for 53,500 shares. New York-based D E Shaw has invested 0.02% in Beneficial Bancorp, Inc. (NASDAQ:BNCL). Seizert Prtnrs Ltd Liability Corporation invested in 179,763 shares or 0.12% of the stock. Blackrock Inc holds 0% of its portfolio in Beneficial Bancorp, Inc. (NASDAQ:BNCL) for 18,385 shares. Goldman Sachs Gp Inc accumulated 207,320 shares. Moreover, Bessemer Group has 0% invested in Beneficial Bancorp, Inc. (NASDAQ:BNCL) for 255 shares. Metropolitan Life New York stated it has 46,887 shares. Robeco Institutional Asset Mngmt Bv holds 24,638 shares. Brandywine Invest Management Ltd Company holds 0.07% or 619,303 shares in its portfolio. Qs Investors Limited Liability Corporation holds 0% or 65 shares in its portfolio. Alliancebernstein L P reported 137,029 shares. Hennessy Advsrs has invested 0.16% in Beneficial Bancorp, Inc. (NASDAQ:BNCL). Victory Mgmt Incorporated reported 11,638 shares. Moreover, Us National Bank & Trust De has 0% invested in Beneficial Bancorp, Inc. (NASDAQ:BNCL). Envestnet Asset Mgmt Inc owns 109 shares for 0% of their portfolio.

The stock of Beneficial Bancorp Incorporated (NASDAQ:BNCL) registered an increase of 10.33% in short interest. BNCL’s total short interest was 1.60 million shares in September as published by FINRA. Its up 10.33% from 1.45 million shares, reported previously. With 124,200 shares average volume, it will take short sellers 13 days to cover their BNCL’s short positions. The short interest to Beneficial Bancorp Incorporated’s float is 2.31%.

The stock increased 1.31% or $0.2 on September 15, reaching $15.5. About 435,954 shares traded or 196.33% up from the average. Beneficial Bancorp, Inc. (NASDAQ:BNCL) has risen 7.83% since September 17, 2016 and is uptrending. It has underperformed by 8.87% the S&P500.

Beneficial Bancorp, Inc. (NASDAQ:BNCL) Ratings Coverage

Among 2 analysts covering Beneficial Mutual Bancorp (NASDAQ:BNCL), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Beneficial Mutual Bancorp had 4 analyst reports since October 27, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, April 25 by Sandler O’Neill. Keefe Bruyette & Woods maintained Beneficial Bancorp, Inc. (NASDAQ:BNCL) rating on Thursday, August 17. Keefe Bruyette & Woods has “Hold” rating and $16.0 target. The firm has “Hold” rating given on Thursday, June 1 by Keefe Bruyette & Woods.

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