The stock of Beneficial Bancorp Inc (NASDAQ:BNCL) hit a new 52-week high and has $21.94 target or 31.00% above today’s $16.75 share price. The 6 months bullish chart indicates low risk for the $1.27B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $21.94 price target is reached, the company will be worth $393.70 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 105,022 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) 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 decreased to 1 in 2016 Q2. Its down 0.04, from 1.04 in 2016Q1. The ratio dropped, 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, California State Teachers Retirement Sys has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 147,243 shares. Moreover, Tiaa Cref Investment Mngmt Limited Company has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 361,258 shares. Teton has 0.03% invested in the company for 27,998 shares. Fmr Ltd holds 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL) for 1.72 million shares. Comml Bank Of America Corp De accumulated 169,384 shares or 0% of the stock. Suntrust Banks, a Georgia-based fund reported 13,781 shares. Blackrock Fund Advisors has invested 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL). Sei last reported 31,270 shares in the company. Capstone Invest Advsr Limited Liability Corporation has invested 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL). Parametric Portfolio Associates Lc accumulated 0% or 176,236 shares. Fincl Architects Inc owns 2,199 shares or 0.01% of their US portfolio. The Texas-based Dimensional Fund Lp has invested 0.03% in Beneficial Bancorp Inc (NASDAQ:BNCL). Salzhauer Michael accumulated 0.64% or 62,072 shares. Trexquant Inv Limited Partnership accumulated 0.04% or 24,438 shares. New York State Common Retirement Fund accumulated 0% or 73,700 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. 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.