Victory Capital Management Inc. increased its position in Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) by 77.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,594 shares of the company’s stock after buying an additional 4,618 shares during the period. Victory Capital Management Inc.’s holdings in Beneficial Mutual Bancorp were worth $135,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Boston Advisors LLC boosted 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 period. Eagle Boston Investment Management Inc. boosted 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 period. Suntrust Banks Inc. boosted 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 period. UBS Asset Management Americas Inc. boosted its position in Beneficial Mutual Bancorp by 28.6% in the second quarter. UBS Asset Management Americas Inc. now owns 59,874 shares of the company’s stock worth $762,000 after buying an additional 13,300 shares during the period. Finally, Bbva Compass Bancshares Inc. bought a new position in Beneficial Mutual Bancorp during the second quarter worth $176,000. 67.50% of the stock is owned by institutional investors.
Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) traded up 0.68% during trading on Wednesday, hitting $14.80. The stock had a trading volume of 20,497 shares. The stock has a market cap of $1.05 billion, a PE ratio of 64.07 and a beta of 0.51. 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 $14.77 and its 200-day moving average price is $13.86.
Beneficial Mutual Bancorp (NASDAQ:BNCL) last issued 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 return on equity of 2.33% and a net margin of 10.39%. During the same period last year, the business posted $0.09 earnings per share. On average, equities research analysts predict 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 stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $14.39, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible 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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