Two Sigma Advisers LP decreased its stake in Bryn Mawr Bank Co. (NASDAQ:BMTC) by 28.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,419 shares of the bank’s stock after selling 6,500 shares during the quarter. Two Sigma Advisers LP’s holdings in Bryn Mawr Bank were worth $726,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Bryn Mawr Bank in the third quarter valued at about $133,000. Bank of Montreal Can boosted its holdings in Bryn Mawr Bank by 66.0% in the fourth quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock valued at $165,000 after purchasing an additional 1,486 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Bryn Mawr Bank by 47.0% in the third quarter. Public Employees Retirement System of Ohio now owns 5,605 shares of the bank’s stock valued at $245,000 after purchasing an additional 1,793 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Bryn Mawr Bank in the fourth quarter valued at about $260,000. Finally, Kistler Tiffany Companies LLC boosted its holdings in Bryn Mawr Bank by 141.5% in the fourth quarter. Kistler Tiffany Companies LLC now owns 5,897 shares of the bank’s stock valued at $261,000 after purchasing an additional 3,455 shares during the last quarter. 72.04% of the stock is owned by institutional investors.
Shares of BMTC opened at $44.00 on Wednesday. The stock has a market capitalization of $903.85, a P/E ratio of 18.66 and a beta of 0.60. Bryn Mawr Bank Co. has a one year low of $38.70 and a one year high of $47.20. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.
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 analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $45.86 million during the quarter, compared to analysts’ expectations of $45.47 million. Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 9.71%. research analysts anticipate that Bryn Mawr Bank Co. will post 3.07 EPS for the current year.
In other news, Director Diego F. Calderin bought 1,000 shares of Bryn Mawr Bank stock in a transaction on Monday, February 5th. The shares were bought at an average price of $45.99 per share, with a total value of $45,990.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $45,990. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alison Eichert sold 9,000 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 1.95% of the company’s stock.
A number of brokerages recently commented on BMTC. BidaskClub raised Bryn Mawr Bank from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Zacks Investment Research raised Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, April 2nd. Finally, Boenning Scattergood reissued a “buy” rating and issued a $50.00 price target on shares of Bryn Mawr Bank in a report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bryn Mawr Bank has an average rating of “Hold” and an average price target of $48.67.
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Bryn Mawr Bank Profile
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.
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