Emerald Acquisition Ltd. bought a new stake in Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 136,530 shares of the company’s stock, valued at approximately $1,737,000. Emerald Acquisition Ltd. owned about 0.19% of Beneficial Mutual Bancorp as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Beneficial Mutual Bancorp during the fourth quarter valued at $7,740,000. Virginia Retirement System acquired a new stake in Beneficial Mutual Bancorp during the first quarter valued at $301,000. Teachers Advisors Inc. boosted its stake in Beneficial Mutual Bancorp by 18.6% in the first quarter. Teachers Advisors Inc. now owns 146,234 shares of the company’s stock valued at $2,002,000 after buying an additional 22,923 shares during the last quarter. RMB Capital Management LLC acquired a new stake in Beneficial Mutual Bancorp during the first quarter valued at $5,093,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Beneficial Mutual Bancorp by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,952,625 shares of the company’s stock valued at $26,731,000 after buying an additional 42,770 shares during the last quarter. Hedge funds and other institutional investors own 67.50% of the company’s stock.
Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) traded down 0.07% during midday trading on Monday, reaching $14.70. The company’s stock had a trading volume of 217,243 shares. The company has a market cap of $1.05 billion, a PE ratio of 63.64 and a beta of 0.51. The stock has a 50-day moving average price of $14.76 and a 200 day moving average price of $13.83. Beneficial Mutual Bancorp Inc. has a 12 month low of $12.30 and a 12 month high of $15.12.
Beneficial Mutual Bancorp (NASDAQ:BNCL) last announced its quarterly earnings results on Friday, July 22nd. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Beneficial Mutual Bancorp had a net margin of 10.39% and a return on equity of 2.33%. During the same period in the prior year, the business posted $0.09 earnings per share. Analysts expect that Beneficial Mutual Bancorp Inc. will post $0.41 earnings per share for the current fiscal year.
In other Beneficial Mutual Bancorp news, CEO Gerard P. Cuddy sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $14.39, for a total value of $431,700.00. Following the transaction, the chief executive officer now owns 38,581 shares of the company’s stock, valued at $555,180.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.53% of the stock is currently owned by company insiders.
Beneficial Mutual Bancorp Company Profile
Beneficial Mutual 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.
Want to see what other hedge funds are holding BNCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL).
Receive News & Ratings for Beneficial Mutual Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beneficial Mutual Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.