The stock of Beneficial Bancorp Inc (NASDAQ:BNCL) reached all time high today, Nov, 28 and still has $18.04 target or 5.00% above today’s $17.18 share price. This indicates more upside for the $1.30 billion company. This technical setup was reported by Barchart.com. If the $18.04 PT is reached, the company will be worth $65.00M 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. About 18,722 shares traded hands. Beneficial Bancorp Inc (NASDAQ:BNCL) has risen 24.10% since April 25, 2016 and is uptrending. It has outperformed by 18.09% the S&P500.
Analysts await Beneficial Bancorp Inc (NASDAQ:BNCL) to report earnings on February, 2.
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.
Rhumbline Advisers reported 91,889 shares or 0% of all its holdings. Kcg owns 33,596 shares or 0.01% of their US portfolio. Moreover, Parametric Port Associate Ltd has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 176,236 shares. Great Lakes Advisors Ltd Liability Company holds 0.02% or 71,698 shares in its portfolio. The Texas-based Kanaly Trust has invested 0% in Beneficial Bancorp Inc (NASDAQ:BNCL). Moreover, Susquehanna International Gru Limited Liability Partnership has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 100,685 shares. The Netherlands-based Robeco Institutional Asset Bv has invested 0% in Beneficial Bancorp Inc (NASDAQ:BNCL). Goldman Sachs Grp Incorporated Incorporated last reported 0% of its portfolio in the stock. The Connecticut-based Paloma Management has invested 0.01% in Beneficial Bancorp Inc (NASDAQ:BNCL). Wellington Mngmt Group Ltd Liability Partnership has 0% invested in the company for 36,536 shares. Prospector Prtn Lc last reported 1.13% of its portfolio in the stock. Teachers Advsr Incorporated has invested 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL). The New York-based Cipher Capital Lp has invested 0.1% in Beneficial Bancorp Inc (NASDAQ:BNCL). Sei Investments reported 31,270 shares or 0% of all its holdings. Anchor Cap Advisors Limited reported 129,728 shares or 0.04% of all its holdings.
More news for Beneficial Bancorp Inc (NASDAQ:BNCL) were recently published by: Globenewswire.com, which released: “Beneficial Bancorp, Inc. to Acquire Conestoga Bank” on October 22, 2015. Globenewswire.com‘s article titled: “Beneficial Bancorp, Inc. to Commence Second Step Conversion Stock Offering” and published on November 06, 2014 is yet another important article.
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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