Beneficial Bancorp Inc (BNCL) is Downgraded by Sandler O’Neill to Hold

Beneficial Bancorp Inc (BNCL) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Apr 25, 2016.

On the company’s financial health, Beneficial Bancorp Inc reported $0.07 EPS for the quarter, based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus estimate of $0.07.Analysts expectations of $ 32.03.During the same quarter in the previous year, the company posted $0.07 EPS.

Beneficial Bancorp Inc opened for trading at $13.81 and hit $14 on the upside on Friday, eventually ending the session at $13.96, with a gain of 0.94% or 0.13 points. The heightened volatility saw the trading volume jump to 4,02,930 shares. Company has a market cap of $1,119 M.

In a different news, on Feb 23, 2016, Joanne R Ryder (EVP/Chief Administration Off.) sold 5,000 shares at $12.89 per share price. According to the SEC, on Oct 28, 2015, Robert J Maines (EVP/Chief Risk Officer) sold 4,286 shares at $14.06 per share price. On Jan 14, 2015, Joseph J Mclaughlin (director) purchased 5,000 shares at $10.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Beneficial Bancorp Inc. is a savings and loan holding company. The Company’s business activities are the ownership of Beneficial Bank (the Bank). The Bank has also operated under the name Beneficial Mutual Savings Bank. The Bank is a Pennsylvania chartered savings bank. It attracts deposits from the general public and uses those funds to originate a variety of loans including commercial real estate loans consumer loans home equity loans one- to four-family real estate loans commercial business loans and construction loans. It offers insurance brokerage and investment advisory services through its wholly owned subsidiaries Beneficial Insurance Services LLC and Beneficial Advisors LLC respectively. It also maintains an investment portfolio. As of December 31 2012 it operated 36 full-service banking offices in Chester Delaware Montgomery Philadelphia and Bucks Counties Pennsylvania and 26 full-service banking offices in Burlington and Camden Counties New Jersey.

Beneficial Bancorp Inc

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