Great West Life Assurance Co. Can continued to hold its position in Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) during the second quarter, Holdings Channel reports. The institutional investor owned 7,300 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Beneficial Mutual Bancorp were worth $100,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Boston Advisors LLC increased its position in Beneficial Mutual Bancorp by 1.2% in the second quarter. Boston Advisors LLC now owns 23,865 shares of the company’s stock worth $304,000 after buying an additional 275 shares during the last quarter. Eagle Boston Investment Management Inc. increased its position in Beneficial Mutual Bancorp by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 68,764 shares of the company’s stock worth $874,000 after buying an additional 769 shares during the last quarter. Suntrust Banks Inc. increased its position in Beneficial Mutual Bancorp by 6.9% in the second quarter. Suntrust Banks Inc. now owns 13,781 shares of the company’s stock worth $175,000 after buying an additional 888 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new position in Beneficial Mutual Bancorp during the second quarter worth about $176,000. Finally, Bank of Montreal Can acquired a new position in Beneficial Mutual Bancorp during the second quarter worth about $209,000. 67.50% of the stock is currently owned by institutional investors.
Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) traded up 1.03% during trading on Friday, hitting $14.71. 238,612 shares of the company were exchanged. Beneficial Mutual Bancorp Inc. has a 1-year low of $12.30 and a 1-year high of $15.12. The firm’s 50 day moving average price is $14.76 and its 200-day moving average price is $13.83. The stock has a market capitalization of $1.05 billion, a PE ratio of 63.68 and a beta of 0.53.
Beneficial Mutual Bancorp (NASDAQ:BNCL) last posted its quarterly earnings data 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 return on equity of 2.33% and a net margin of 10.39%. During the same period in the prior year, the company posted $0.09 earnings per share. Equities analysts predict that Beneficial Mutual Bancorp Inc. will post $0.41 EPS for the current year.
In related news, CEO Gerard P. Cuddy sold 30,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $14.39, for a total value of $431,700.00. Following the completion of the transaction, the chief executive officer now directly owns 38,581 shares of the company’s stock, valued at approximately $555,180.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.53% of the stock is owned by corporate insiders.
About Beneficial Mutual Bancorp
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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