Scott Mahaley Jenkins Sells 4,475 Shares of Bryn Mawr Bank Corp. (BMTC) Stock

Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Scott Mahaley Jenkins sold 4,475 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $40.03, for a total value of $179,134.25. Following the completion of the sale, the director now owns 18,114 shares in the company, valued at $725,103.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BMTC stock traded up $0.02 during mid-day trading on Thursday, reaching $40.60. The company had a trading volume of 49,146 shares, compared to its average volume of 54,104. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $815.48 million, a price-to-earnings ratio of 11.66 and a beta of 0.72. Bryn Mawr Bank Corp. has a one year low of $32.84 and a one year high of $50.35.

Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Thursday, January 17th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $56.08 million for the quarter, compared to analysts’ expectations of $55.30 million. Bryn Mawr Bank had a return on equity of 13.01% and a net margin of 24.82%. As a group, analysts predict that Bryn Mawr Bank Corp. will post 3.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, January 31st. Bryn Mawr Bank’s payout ratio is 28.90%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Bryn Mawr Bank by 183.2% during the third quarter. Morgan Stanley now owns 179,062 shares of the bank’s stock valued at $8,398,000 after purchasing an additional 115,839 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Bryn Mawr Bank by 3.3% during the third quarter. Mutual of America Capital Management LLC now owns 159,203 shares of the bank’s stock valued at $7,467,000 after purchasing an additional 5,133 shares in the last quarter. Matarin Capital Management LLC bought a new stake in shares of Bryn Mawr Bank during the third quarter valued at about $1,226,000. Dean Investment Associates LLC raised its stake in shares of Bryn Mawr Bank by 75.1% during the fourth quarter. Dean Investment Associates LLC now owns 139,356 shares of the bank’s stock valued at $4,794,000 after purchasing an additional 59,770 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Bryn Mawr Bank by 6.5% during the third quarter. Renaissance Technologies LLC now owns 781,519 shares of the bank’s stock valued at $36,653,000 after purchasing an additional 47,800 shares in the last quarter. Institutional investors and hedge funds own 77.35% of the company’s stock.

BMTC has been the topic of a number of recent research reports. BidaskClub cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Keefe, Bruyette & Woods cut Bryn Mawr Bank from an “outperform” rating to a “market perform” rating and cut their target price for the company from $55.00 to $44.00 in a research note on Tuesday, January 22nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Bryn Mawr Bank in a research note on Friday, January 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.33.

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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.

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