Insider Buying: Bryn Mawr Bank Corp. (BMTC) Director Buys 600 Shares of Stock

Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Diego F. Calderin purchased 600 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $35.25 per share, for a total transaction of $21,150.00. Following the completion of the transaction, the director now directly owns 2,342 shares of the company’s stock, valued at $82,555.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

NASDAQ:BMTC traded up $0.73 during trading hours on Friday, reaching $36.38. 235,568 shares of the company traded hands, compared to its average volume of 57,865. The stock has a market capitalization of $721.92 million, a price-to-earnings ratio of 15.03 and a beta of 0.60. Bryn Mawr Bank Corp. has a 1 year low of $34.77 and a 1 year high of $50.35. 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 quarterly earnings data on Thursday, October 18th. The bank reported $0.82 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.82. The business had revenue of $55.00 million during the quarter, compared to analysts’ expectations of $55.90 million. Bryn Mawr Bank had a return on equity of 12.00% and a net margin of 16.74%. As a group, equities research analysts predict that Bryn Mawr Bank Corp. will post 3.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Wednesday, October 31st. Bryn Mawr Bank’s payout ratio is 41.32%.

A number of large investors have recently made changes to their positions in BMTC. Bank of Montreal Can purchased a new position in Bryn Mawr Bank during the second quarter valued at $148,000. Engineers Gate Manager LP purchased a new position in shares of Bryn Mawr Bank in the third quarter worth $214,000. Emerald Advisers Inc. PA raised its stake in shares of Bryn Mawr Bank by 30.6% in the third quarter. Emerald Advisers Inc. PA now owns 6,870 shares of the bank’s stock worth $322,000 after purchasing an additional 1,610 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Bryn Mawr Bank by 21.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,234 shares of the bank’s stock worth $335,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Bryn Mawr Bank in the first quarter worth $364,000. Institutional investors and hedge funds own 75.34% of the company’s stock.

Several equities research analysts recently weighed in on BMTC shares. FIG Partners upgraded Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research report on Tuesday, October 23rd. BidaskClub upgraded Bryn Mawr Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. Boenning Scattergood cut Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a research note on Friday, October 19th. ValuEngine cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Zacks Investment Research cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.75.

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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.

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