BRYN MAWR TRUST Co cut its holdings in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,616 shares of the bank’s stock after selling 8,641 shares during the period. BRYN MAWR TRUST Co owned approximately 0.53% of Bryn Mawr Bank worth $4,712,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of BMTC. Cornerstone Capital Management Holdings LLC. bought a new stake in Bryn Mawr Bank in the fourth quarter worth $105,000. SG Americas Securities LLC bought a new stake in Bryn Mawr Bank in the third quarter worth $133,000. Bank of Montreal Can lifted its position in Bryn Mawr Bank by 66.0% during the 4th quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock worth $165,000 after acquiring an additional 1,486 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Bryn Mawr Bank by 47.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,605 shares of the bank’s stock worth $245,000 after acquiring an additional 1,793 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Bryn Mawr Bank during the 4th quarter worth $260,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.
A number of research firms have weighed in on BMTC. Zacks Investment Research lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. BidaskClub raised shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Boenning Scattergood reissued a “buy” rating and set a $50.00 target price on shares of Bryn Mawr Bank in a research report on Monday, January 29th. Finally, ValuEngine lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.00.
BMTC stock opened at $45.75 on Wednesday. The firm has a market cap of $942.36, a price-to-earnings ratio of 33.89 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. Bryn Mawr Bank Corp. has a 52-week low of $36.80 and a 52-week high of $47.20.
Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Monday, January 29th. The bank reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $45.86 million for the quarter, compared to analyst estimates of $45.47 million. Bryn Mawr Bank had a return on equity of 9.71% and a net margin of 12.20%. equities analysts expect that Bryn Mawr Bank Corp. will post 3.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 8th. Bryn Mawr Bank’s dividend payout ratio is 65.19%.
In related news, Director Diego F. Calderin acquired 1,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was acquired at an average price of $45.99 per share, with a total value of $45,990.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $45,990. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wendell F. Holland sold 3,500 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.03, for a total transaction of $157,605.00. Following the transaction, the director now directly owns 17,654 shares of the company’s stock, valued at approximately $794,959.62. The disclosure for this sale can be found here. 1.95% of the stock is owned by insiders.
About Bryn Mawr Bank
Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.
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