The stock of Beneficial Bancorp Inc (NASDAQ:BNCL) hit a new 52-week high and has $18.86 target or 9.00% above today’s $17.30 share price. The 8 months bullish chart indicates low risk for the $1.31 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $18.86 price target is reached, the company will be worth $117.90M 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 85,505 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. Sandler O’Neill downgraded the shares of BNCL in a report on Monday, April 25 to “Hold” rating.
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 Q2 2016. Its down 0.04, from 1.04 in 2016Q1. The ratio is negative, 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.
Vanguard Grp has invested 0% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL). The Massachusetts-based Acadian Asset Limited Liability Corporation has invested 0.07% in Beneficial Bancorp Inc (NASDAQ:BNCL). Capstone Advsr Ltd Com, a New York-based fund reported 12,272 shares. The New York-based Brown Brothers Harriman And Com has invested 0% in Beneficial Bancorp Inc (NASDAQ:BNCL). Blackrock Advsrs Limited Liability Corporation accumulated 36,272 shares or 0% of the stock. The New York-based Millennium Management has invested 0.01% in Beneficial Bancorp Inc (NASDAQ:BNCL). The New York-based Metropolitan Life Ins Ny has invested 0.01% in Beneficial Bancorp Inc (NASDAQ:BNCL). Moreover, D E Shaw & Inc has 0.02% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 947,262 shares. The Massachusetts-based Boston Advsrs Ltd Limited Liability Company has invested 0.01% in Beneficial Bancorp Inc (NASDAQ:BNCL). Moreover, Invesco Limited has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 44,184 shares. Moreover, Nationwide Fund Advsrs has 0% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 50,585 shares. Seizert Limited Liability Co accumulated 262,501 shares or 0.13% of the stock. Minerva Advsr Ltd Liability Co holds 0.26% of its portfolio in Beneficial Bancorp Inc (NASDAQ:BNCL) for 30,231 shares. Blackrock Limited has 40,922 shares for 0% of their US portfolio. Moreover, White Pine Ltd has 0.52% invested in Beneficial Bancorp Inc (NASDAQ:BNCL) for 97,630 shares.
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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