First Trust Advisors LP lifted its position in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,118 shares of the bank’s stock after buying an additional 5,691 shares during the period. First Trust Advisors LP owned about 0.29% of Bryn Mawr Bank worth $2,613,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Bryn Mawr Bank during the third quarter worth about $133,000. Bank of Montreal Can boosted its position in shares of Bryn Mawr Bank by 66.0% during the fourth quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock worth $165,000 after buying an additional 1,486 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Bryn Mawr Bank by 47.0% during the third quarter. Public Employees Retirement System of Ohio now owns 5,605 shares of the bank’s stock worth $245,000 after buying an additional 1,793 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Bryn Mawr Bank during the fourth quarter worth about $260,000. Finally, Kistler Tiffany Companies LLC boosted its position in shares of Bryn Mawr Bank by 141.5% during the fourth quarter. Kistler Tiffany Companies LLC now owns 5,897 shares of the bank’s stock worth $261,000 after buying an additional 3,455 shares during the period. 72.02% of the stock is owned by institutional investors.
In other news, COO Alison Eichert sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $45.19, for a total value of $406,710.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wendell F. Holland sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.03, for a total value of $157,605.00. Following the completion of the sale, the director now directly owns 17,654 shares of the company’s stock, valued at $794,959.62. The disclosure for this sale can be found here. Company insiders own 1.95% of the company’s stock.
Several research firms have recently weighed in on BMTC. Zacks Investment Research raised Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Thursday, February 1st. BidaskClub cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Boenning Scattergood reissued a “buy” rating and set a $50.00 price target on shares of Bryn Mawr Bank in a research report on Monday, January 29th. Finally, ValuEngine cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. 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 has a consensus rating of “Hold” and a consensus target price of $49.00.
BMTC stock opened at $43.00 on Friday. Bryn Mawr Bank Corp. has a 52-week low of $37.25 and a 52-week high of $47.20. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $904.87, a P/E ratio of 31.85 and a beta of 0.60.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 9.71%. The company had revenue of $45.86 million for the quarter, compared to analyst estimates of $45.47 million. equities analysts predict that Bryn Mawr Bank Corp. will post 3.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 9th were given a $0.22 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. Bryn Mawr Bank’s payout ratio is 65.19%.
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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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