Mutual of America Capital Management LLC Has $7.47 Million Stake in Bryn Mawr Bank Corp. (BMTC)

Mutual of America Capital Management LLC lifted its holdings in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 159,203 shares of the bank’s stock after acquiring an additional 5,133 shares during the period. Mutual of America Capital Management LLC’s holdings in Bryn Mawr Bank were worth $7,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Bryn Mawr Bank by 1.8% during the third quarter. BlackRock Inc. now owns 1,459,123 shares of the bank’s stock worth $68,433,000 after buying an additional 25,881 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Bryn Mawr Bank by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,035,154 shares of the bank’s stock worth $48,548,000 after buying an additional 19,063 shares during the period. Renaissance Technologies LLC boosted its position in shares of Bryn Mawr Bank by 7.0% during the second quarter. Renaissance Technologies LLC now owns 733,719 shares of the bank’s stock worth $33,971,000 after buying an additional 47,803 shares during the period. Macquarie Group Ltd. boosted its position in shares of Bryn Mawr Bank by 2.5% during the second quarter. Macquarie Group Ltd. now owns 409,499 shares of the bank’s stock worth $18,960,000 after buying an additional 9,822 shares during the period. Finally, Walthausen & Co. LLC acquired a new position in shares of Bryn Mawr Bank during the third quarter worth approximately $11,691,000. Institutional investors and hedge funds own 75.34% of the company’s stock.

Several equities research analysts recently commented on BMTC shares. BidaskClub cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Zacks Investment Research cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. ValuEngine cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Friday, October 19th. FIG Partners raised Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a report on Tuesday, October 23rd. Finally, Boenning Scattergood cut Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a report on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $51.75.

In related news, Director Wendell F. Holland sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $48.00, for a total transaction of $72,000.00. Following the sale, the director now owns 14,303 shares of the company’s stock, valued at $686,544. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider F Kevin Tylus sold 7,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $48.34, for a total value of $338,380.00. Following the completion of the transaction, the insider now directly owns 24,631 shares in the company, valued at approximately $1,190,662.54. The disclosure for this sale can be found here. 1.95% of the stock is owned by insiders.

Shares of NASDAQ:BMTC opened at $36.02 on Thursday. Bryn Mawr Bank Corp. has a 12 month low of $35.96 and a 12 month high of $50.35. The company has a market cap of $729.41 million, a P/E ratio of 14.88 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35.

Bryn Mawr Bank (NASDAQ:BMTC) last announced its earnings results on Thursday, October 18th. The bank reported $0.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. Bryn Mawr Bank had a return on equity of 12.00% and a net margin of 16.74%. The firm had revenue of $55.00 million for the quarter, compared to analysts’ expectations of $55.90 million. As a group, analysts anticipate that Bryn Mawr Bank Corp. will post 3.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Thursday, November 1st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 31st. This represents a $1.00 annualized dividend and a yield of 2.78%. Bryn Mawr Bank’s payout ratio is 41.32%.

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Bryn Mawr Bank Company 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.

Further Reading: Bull Market

Want to see what other hedge funds are holding BMTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bryn Mawr Bank Corp. (NASDAQ:BMTC).

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

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