Beneficial Bancorp (NASDAQ:BNCL) was upgraded by research analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat.com reports.

BNCL has been the subject of several other reports. BidaskClub cut shares of Beneficial Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Compass Point reissued a “buy” rating and issued a $21.00 target price on shares of Beneficial Bancorp in a research note on Thursday. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.50 target price on shares of Beneficial Bancorp in a research note on Tuesday, July 24th.

Shares of Beneficial Bancorp traded down $0.10, reaching $18.00, during midday trading on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 827,776 shares, compared to its average volume of 294,776. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. Beneficial Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $18.60. The company has a market capitalization of $1.36 billion, a PE ratio of 32.91 and a beta of 0.55.

Beneficial Bancorp (NASDAQ:BNCL) last posted its quarterly earnings data on Friday, July 20th. The bank reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Beneficial Bancorp had a net margin of 11.93% and a return on equity of 3.98%. The company had revenue of $52.51 million for the quarter.

In related news, Director Elizabeth H. Gemmill sold 2,500 shares of the firm’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $17.00, for a total value of $42,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth H. Gemmill sold 10,795 shares of the firm’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $17.00, for a total transaction of $183,515.00. The disclosure for this sale can be found here. Insiders sold 88,950 shares of company stock valued at $1,477,949 over the last three months. 5.50% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of Beneficial Bancorp by 3,025.1% in the first quarter. Royal Bank of Canada now owns 6,844 shares of the bank’s stock valued at $107,000 after buying an additional 6,625 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Beneficial Bancorp in the first quarter valued at $125,000. Xact Kapitalforvaltning AB bought a new position in shares of Beneficial Bancorp in the fourth quarter valued at $192,000. Barclays PLC grew its stake in shares of Beneficial Bancorp by 30.3% in the first quarter. Barclays PLC now owns 14,311 shares of the bank’s stock valued at $222,000 after buying an additional 3,326 shares in the last quarter. Finally, United Services Automobile Association boosted its position in Beneficial Bancorp by 90.7% during the second quarter. United Services Automobile Association now owns 22,929 shares of the bank’s stock worth $1,495,000 after purchasing an additional 10,908 shares during the period. 72.18% of the stock is owned by institutional investors and hedge funds.

Beneficial Bancorp Company Profile

Beneficial Bancorp, Inc, together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jersey area. The company accepts various deposit products, including non-interest bearing demand deposits, such as individual checking accounts; interest-bearing demand accounts comprising NOW, municipal, and money market accounts; savings accounts; certificates of deposit; and commercial checking accounts, as well as checking accounts primarily for small businesses.

See Also: Marijuana Stocks Future Looks Bright

Receive News & Ratings for Beneficial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beneficial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.