First Trust Advisors LP increased its position in Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) by 60.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,389 shares of the company’s stock after buying an additional 46,658 shares during the period. First Trust Advisors LP owned about 0.17% of Beneficial Mutual Bancorp worth $1,570,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in BNCL. RMB Capital Management LLC bought a new position in Beneficial Mutual Bancorp during the first quarter worth approximately $5,093,000. Teachers Advisors Inc. boosted its position in Beneficial Mutual Bancorp by 18.6% in the first quarter. Teachers Advisors Inc. now owns 146,234 shares of the company’s stock worth $2,002,000 after buying an additional 22,923 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Beneficial Mutual Bancorp by 127.4% in the first quarter. Goldman Sachs Group Inc. now owns 155,143 shares of the company’s stock worth $2,124,000 after buying an additional 86,913 shares in the last quarter. Renaissance Technologies LLC boosted its position in Beneficial Mutual Bancorp by 22.5% in the first quarter. Renaissance Technologies LLC now owns 3,414,170 shares of the company’s stock worth $46,740,000 after buying an additional 627,300 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in Beneficial Mutual Bancorp by 30.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,275,000 shares of the company’s stock worth $17,455,000 after buying an additional 300,000 shares in the last quarter. 67.50% of the stock is owned by institutional investors and hedge funds.
Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) traded up 0.443% during trading on Wednesday, reaching $14.725. 83,715 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $14.74 and its 200-day moving average is $13.81. The company has a market cap of $1.05 billion, a P/E ratio of 63.745 and a beta of 0.53. 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 posted its quarterly earnings data on Friday, July 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 earned $0.09 EPS. Analysts predict that Beneficial Mutual Bancorp Inc. will post $0.41 EPS for the current fiscal year.
In related news, CEO Gerard P. Cuddy sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this link. 3.53% of the stock is currently owned by corporate 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.
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