Beneficial Bancorp Inc (BNCL) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Beneficial Bancorp Inc (BNCL) reported quarterly earnings results on Friday, Jul-22-2016. The company reported $0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.10. Analysts expectations of $40.19 million. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Beneficial Bancorp Inc. Beneficial Bancorp Inc was Downgraded by Sandler O’Neill to ” Hold” on Apr 25, 2016.

Beneficial Bancorp Inc closed down -0.12 points or -0.91% at $13.12 with 3,10,220 shares getting traded on Wednesday. Post opening the session at $13.29, the shares hit an intraday low of $13.1 and an intraday high of $13.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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