Polaris Capital Management LLC held its stake in Bryn Mawr Bank Corporation (NASDAQ:BMTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,146 shares of the bank’s stock at the end of the second quarter. Polaris Capital Management LLC owned about 0.32% of Bryn Mawr Bank Corporation worth $2,301,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in BMTC. SG Americas Securities LLC acquired a new position in shares of Bryn Mawr Bank Corporation in the 1st quarter valued at $134,000. Public Employees Retirement System of Ohio increased its holdings in shares of Bryn Mawr Bank Corporation by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after acquiring an additional 532 shares during the period. Legal & General Group Plc increased its holdings in shares of Bryn Mawr Bank Corporation by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after acquiring an additional 167 shares during the period. Citigroup Inc. increased its holdings in shares of Bryn Mawr Bank Corporation by 83.6% in the 2nd quarter. Citigroup Inc. now owns 4,724 shares of the bank’s stock valued at $201,000 after acquiring an additional 2,151 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bryn Mawr Bank Corporation in the 2nd quarter valued at $205,000. 79.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) traded up 0.34% during trading on Friday, reaching $44.75. 5,689 shares of the company’s stock traded hands. The company has a market capitalization of $760.79 million, a price-to-earnings ratio of 20.62 and a beta of 0.63. The company has a 50 day moving average of $41.93 and a 200-day moving average of $41.64. Bryn Mawr Bank Corporation has a 1-year low of $29.50 and a 1-year high of $44.85.
BMTC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 target price on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, July 24th. BidaskClub cut shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research cut shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.50.
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In other news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $43.75, for a total transaction of $153,125.00. Following the transaction, the director now directly owns 13,908 shares of the company’s stock, valued at $608,475. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by company insiders.
About Bryn Mawr Bank Corporation
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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