Revenue Update on Beneficial Bancorp Inc(NASDAQ:BNCL)

Beneficial Bancorp Inc(NASDAQ:BNCL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $38.78M. Analysts estimated a revenue of $37.39M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.04.

In a different note, On Apr 25, 2016, Sandler O’Neill said it Downgrades its rating on Beneficial Bancorp Inc. The shares have been rated ‘Hold’ by the firm.

Beneficial Bancorp Inc (BNCL) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.37% at a volume of 2,18,288. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.595. The peak price level was also seen at $13.595 while the days lowest was $13.43. Finally the shares closed at $13.55. The 52-week high of the shares is $14.255 while the 52-week low is $11.94. According to the latest information available, the market cap of the company is $1,022 M.

Several Insider Transactions has been reported to the SEC. On Feb 23, 2016, Joanne R Ryder (EVP/Chief Administration Off.) sold 5,000 shares at $12.89 per share price.Also, On Oct 28, 2015, Robert J Maines (EVP/Chief Risk Officer) sold 4,286 shares at $14.06 per share price.On Jan 14, 2015, Joseph J Mclaughlin (director) purchased 5,000 shares at $10.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Beneficial 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. It offers insurance brokerage and investment advisory services through its wholly owned subsidiaries Beneficial Insurance Services LLC and Beneficial Advisors LLC respectively. It also maintains an investment portfolio. As of December 31 2012 it operated 36 full-service banking offices in Chester Delaware Montgomery Philadelphia and Bucks Counties Pennsylvania and 26 full-service banking offices in Burlington and Camden Counties New Jersey.

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