Stock Worth Watching: What’s Next for Beneficial Bancorp Inc After Touching All Time High?

Stock Worth Watching: 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, 14 and still has $25.02 target or 53.00% above today’s $16.35 share price. This indicates more upside for the $1.24B company. This technical setup was reported by Barchart.com. If the $25.02 PT is reached, the company will be worth $657.20 million 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. About 224,361 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. The company was downgraded 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 increased to 1.04 in 2016 Q2. 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.
Anchor Advsrs Lc reported 129,728 shares or 0.04% of all its holdings. Moreover, Fincl Bank Of Montreal Can has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 16,457 shares. Suntrust Banks holds 13,781 shares or 0% of its portfolio. Hennessy owns 310,000 shares or 0.12% of their US portfolio. Salzhauer Michael has 62,072 shares for 0.64% of their US portfolio. Moreover, Tiaa Cref Investment Mgmt Llc has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 361,258 shares. Guggenheim Cap Ltd last reported 0% of its portfolio in the stock. Pax World Mgmt Lc accumulated 0.59% or 800,000 shares. Virginia Retirement System Et Al last reported 0% of its portfolio in the stock. Moreover, Royal Comml Bank Of Canada has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 41,227 shares. Kcg last reported 0.01% of its portfolio in the stock. Paloma Ptnrs Mngmt owns 36,647 shares or 0.01% of their US portfolio. Springbok Cap Management Ltd owns 5,300 shares or 0.01% of their US portfolio. Acadian Asset Mgmt Ltd Liability Company has 0.07% invested in the company for 1.01 million shares. Bluemar Mngmt Ltd Com, a New York-based fund reported 299,097 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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