Pennsylvania Trust Co increased its holdings in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,370 shares of the bank’s stock after acquiring an additional 6,507 shares during the quarter. Pennsylvania Trust Co owned about 0.25% of Bryn Mawr Bank worth $2,226,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of BMTC. Schwab Charles Investment Management Inc. boosted its position in Bryn Mawr Bank by 1.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 74,842 shares of the bank’s stock worth $3,181,000 after acquiring an additional 930 shares during the last quarter. Rhumbline Advisers boosted its position in Bryn Mawr Bank by 2.7% during the second quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock worth $852,000 after acquiring an additional 520 shares during the last quarter. Legal & General Group Plc boosted its position in Bryn Mawr Bank by 4.1% during the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock worth $181,000 after acquiring an additional 167 shares during the last quarter. Federated Investors Inc. PA boosted its position in Bryn Mawr Bank by 5.5% during the second quarter. Federated Investors Inc. PA now owns 7,528 shares of the bank’s stock worth $320,000 after acquiring an additional 395 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Bryn Mawr Bank during the second quarter worth about $271,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.
Bryn Mawr Bank Corp. (NASDAQ BMTC) opened at $46.30 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.95. Bryn Mawr Bank Corp. has a 52 week low of $36.80 and a 52 week high of $46.90. The company has a market cap of $911.09, a PE ratio of 20.58 and a beta of 0.62.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its earnings results on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. Bryn Mawr Bank had a net margin of 21.29% and a return on equity of 10.15%. The company had revenue of $45.02 million for the quarter, compared to the consensus estimate of $46.85 million. equities analysts predict that Bryn Mawr Bank Corp. will post 2.44 EPS for the current fiscal year.
In other Bryn Mawr Bank news, EVP Joseph G. Keefer sold 11,500 shares of Bryn Mawr Bank stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total transaction of $508,070.00. Following the transaction, the executive vice president now directly owns 19,925 shares of the company’s stock, valued at $880,286.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by insiders.
BMTC has been the topic of a number of analyst reports. ValuEngine downgraded shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Zacks Investment Research downgraded shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, BidaskClub raised shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.33.
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Bryn Mawr Bank Company Profile
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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