First Trust Advisors LP Increases Position in Bryn Mawr Bank Co. (BMTC)

First Trust Advisors LP raised its holdings in shares of Bryn Mawr Bank Co. (NASDAQ:BMTC) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,118 shares of the bank’s stock after acquiring an additional 5,691 shares during the quarter. First Trust Advisors LP owned approximately 0.29% of Bryn Mawr Bank worth $2,613,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BMTC. Macquarie Group Ltd. increased its holdings in shares of Bryn Mawr Bank by 16.6% in the third quarter. Macquarie Group Ltd. now owns 386,352 shares of the bank’s stock worth $16,922,000 after purchasing an additional 54,925 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bryn Mawr Bank by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 896,846 shares of the bank’s stock worth $39,282,000 after purchasing an additional 36,790 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Bryn Mawr Bank in the third quarter worth about $1,565,000. Maltese Capital Management LLC increased its holdings in shares of Bryn Mawr Bank by 32.8% in the third quarter. Maltese Capital Management LLC now owns 145,000 shares of the bank’s stock worth $6,351,000 after purchasing an additional 35,800 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Bryn Mawr Bank by 20.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 95,620 shares of the bank’s stock worth $4,227,000 after purchasing an additional 16,443 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

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In other Bryn Mawr Bank news, COO Alison Eichert sold 9,000 shares of the business’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 transaction of $406,710.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diego F. Calderin bought 1,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $45.99 per share, with a total value of $45,990.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $45,990. The disclosure for this purchase can be found here. Insiders own 1.95% of the company’s stock.

Several brokerages have recently issued reports on BMTC. Zacks Investment Research cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. BidaskClub raised Bryn Mawr Bank from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $50.00 target price on shares of Bryn Mawr Bank in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Bryn Mawr Bank presently has an average rating of “Buy” and a consensus price target of $48.67.

NASDAQ BMTC traded down $1.00 during trading hours on Friday, hitting $43.60. 33,546 shares of the company were exchanged, compared to its average volume of 53,121. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. Bryn Mawr Bank Co. has a 52 week low of $38.50 and a 52 week high of $47.20. The stock has a market capitalization of $883.60, a P/E ratio of 18.02 and a beta of 0.60.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). Bryn Mawr Bank had a return on equity of 9.71% and a net margin of 12.20%. The company had revenue of $45.86 million for the quarter, compared to the consensus estimate of $45.47 million. equities research analysts anticipate that Bryn Mawr Bank Co. will post 3.07 earnings per share for the current fiscal year.

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About Bryn Mawr Bank

Bryn Mawr Bank Corporation operates as the bank holding company for The Bryn Mawr Trust Company that provides commercial and retail banking services to individual and business customers. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

Institutional Ownership by Quarter for Bryn Mawr Bank (NASDAQ:BMTC)

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