The stock of Beneficial Bancorp Inc (NASDAQ:BNCL) hit a new 52-week high and has $22.26 target or 45.00% above today’s $15.35 share price. The 5 months bullish chart indicates low risk for the $1.17B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $22.26 price target is reached, the company will be worth $526.50 million 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 239,711 shares traded hands or 15.30% up from the average. Beneficial Bancorp Inc (NASDAQ:BNCL) has risen 10.07% since April 7, 2016 and is uptrending. It has outperformed by 5.29% 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) earned “Hold” rating by Sandler O’Neill on Monday, April 25.
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 Q2 2016. Its up 0.07, from 0.97 in 2016Q1. The ratio increased, 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.
Victory Cap Mngmt Inc accumulated 10,594 shares or 0% of the stock. Acadian Asset Mgmt Llc last reported 0.07% of its portfolio in the stock. Vanguard Group Inc Inc accumulated 0% or 5.62 million shares. Moreover, Hbk Invests Ltd Partnership has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 21,400 shares. Capstone Investment Ltd Liability Co has invested 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL). Parametric Port Associate Lc holds 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL) for 176,236 shares. Analytic Investors, a California-based fund reported 48,802 shares. Princeton Alpha Mgmt L P has 0.02% invested in the company for 10,261 shares. Salzhauer Michael last reported 0.64% of its portfolio in the stock. Schwab Charles Inv Mgmt holds 275,598 shares or 0% of its portfolio. Manufacturers Life The has 0% invested in the company for 48,000 shares. The United Kingdom-based Barclays Public Limited Company has invested 0% in Beneficial Bancorp Inc (NASDAQ:BNCL). Moreover, Natl Bank Of Montreal Can has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 16,457 shares. Blackrock Institutional Trust Comm Na accumulated 0% or 1.90 million shares. Balyasny Asset Management accumulated 0% or 25,478 shares.
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. Announces Third Quarter Results and Cash Dividend to …” published on October 21, 2016, 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) were released by: Globenewswire.com and their article: “Beneficial Bancorp Closes Conestoga Bancorp Merger April 15” published on April 15, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Beneficial Bancorp Q3 EPS $0.14” with publication date: February 01, 2001.
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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