Vanguard Group Inc. grew its holdings in shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 744,704 shares of the bank’s stock after purchasing an additional 8,100 shares during the period. Vanguard Group Inc. owned approximately 4.38% of Bryn Mawr Bank Corporation worth $31,650,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in Bryn Mawr Bank Corporation by 24.5% during the 1st quarter. California Public Employees Retirement System now owns 30,500 shares of the bank’s stock worth $1,205,000 after purchasing an additional 6,000 shares during the period. Public Employees Retirement System of Ohio increased its position in Bryn Mawr Bank Corporation by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock worth $151,000 after purchasing an additional 532 shares during the period. Private Advisor Group LLC acquired a new position in Bryn Mawr Bank Corporation during the 2nd quarter worth approximately $1,279,000. Teachers Advisors LLC increased its position in Bryn Mawr Bank Corporation by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 36,323 shares of the bank’s stock worth $1,435,000 after purchasing an additional 647 shares during the period. Finally, John W. Rosenthal Capital Management Inc. increased its position in Bryn Mawr Bank Corporation by 2.9% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 128,225 shares of the bank’s stock worth $5,450,000 after purchasing an additional 3,600 shares during the period. Institutional investors own 80.10% of the company’s stock.
Several research firms have issued reports on BMTC. Zacks Investment Research cut Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub cut Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Boenning Scattergood upgraded Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $47.00 target price on shares of Bryn Mawr Bank Corporation in a research report on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.50.
In other news, EVP Joseph G. Keefer sold 11,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total transaction of $508,070.00. Following the sale, the executive vice president now owns 19,925 shares of the company’s stock, valued at approximately $880,286.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is owned by insiders.
Shares of Bryn Mawr Bank Corporation (BMTC) opened at $42.10 on Friday. The company has a market capitalization of $719.21, a P/E ratio of 18.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.95. Bryn Mawr Bank Corporation has a 52 week low of $31.75 and a 52 week high of $45.45.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The business had revenue of $45.02 million for the quarter, compared to analyst estimates of $46.85 million. Bryn Mawr Bank Corporation had a return on equity of 10.15% and a net margin of 21.29%. research analysts expect that Bryn Mawr Bank Corporation will post 2.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, October 31st. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is 39.11%.
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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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