Seidman Lawrence B Lowers stake in Beneficial Bancorp Inc (BNCL)

Beneficial Bancorp Inc (BNCL) : Seidman Lawrence B reduced its stake in Beneficial Bancorp Inc by 16.3% during the most recent quarter end. The investment management company now holds a total of 252,424 shares of Beneficial Bancorp Inc which is valued at $3,639,954 after selling 49,158 shares in Beneficial Bancorp Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Beneficial Bancorp Inc makes up approximately 2.41% of Seidman Lawrence B’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in BNCL in the latest quarter, The investment management firm added 17,730 additional shares and now holds a total of 66,130 shares of Beneficial Bancorp Inc which is valued at $948,966. Beneficial Bancorp Inc makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Royce Associates Lp reduced its stake in BNCL by selling 30,000 shares or 7.36% in the most recent quarter. The Hedge Fund company now holds 377,740 shares of BNCL which is valued at $5,447,011. Beneficial Bancorp Inc makes up approx 0.03% of Royce Associates Lp’s portfolio.Eagle Boston Investment Management Inc boosted its stake in BNCL in the latest quarter, The investment management firm added 769 additional shares and now holds a total of 68,764 shares of Beneficial Bancorp Inc which is valued at $902,184. Beneficial Bancorp Inc makes up approx 0.12% of Eagle Boston Investment Management Inc’s portfolio.

Beneficial Bancorp Inc closed down -0.01 points or -0.07% at $14.52 with 2,84,427 shares getting traded on Wednesday. Post opening the session at $14.51, the shares hit an intraday low of $14.5 and an intraday high of $14.645 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Beneficial Bancorp Inc reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Jul 22, 2016. Analyst had a consensus of $0.10.Analysts expectations of $ 40.19.During the same quarter in the previous year, the company posted $0.09 EPS.

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.

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