Trade Report: The Beneficial Mutual Bancorp Inc. (BNCL) Stake Raised by Boston Advisors LLC

The Beneficial Mutual Bancorp Inc. (BNCL) Stake Raised by Boston Advisors LLC

Boston Advisors LLC boosted its stake in shares of Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,865 shares of the company’s stock after buying an additional 275 shares during the period. Boston Advisors LLC’s holdings in Beneficial Mutual Bancorp were worth $304,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in Beneficial Mutual Bancorp during the second quarter worth about $209,000. Virginia Retirement System bought a new stake in Beneficial Mutual Bancorp during the first quarter worth about $301,000. Menta Capital LLC raised its position in shares of Beneficial Mutual Bancorp by 257.5% in the first quarter. Menta Capital LLC now owns 36,109 shares of the company’s stock worth $494,000 after buying an additional 26,009 shares in the last quarter. LGL Partners LLC acquired a new position in shares of Beneficial Mutual Bancorp during the first quarter worth $605,000. Finally, Eagle Boston Investment Management Inc. raised its position in shares of 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 in the last quarter. Institutional investors own 67.50% of the company’s stock.

Shares of Beneficial Mutual Bancorp Inc. (NASDAQ:BNCL) traded down 0.14% during trading on Friday, reaching $14.73. 192,005 shares of the company’s stock were exchanged. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 63.77 and a beta of 0.51. Beneficial Mutual Bancorp Inc. has a 12 month low of $12.30 and a 12 month high of $15.12. The stock has a 50-day moving average price of $14.78 and a 200 day moving average price of $13.89.

Beneficial Mutual Bancorp (NASDAQ:BNCL) last announced its earnings results on Friday, July 22nd. The company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. Beneficial Mutual Bancorp had a net margin of 10.39% and a return on equity of 2.33%. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, analysts forecast that Beneficial Mutual Bancorp Inc. will post $0.41 EPS for the current year.

In other news, CEO Gerard P. Cuddy sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $14.39, for a total transaction of $431,700.00. Following the sale, the chief executive officer now owns 38,581 shares in the company, valued at approximately $555,180.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.53% of the company’s stock.

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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