UBS Asset Management Americas Inc. raised its stake in Bryn Mawr Bank Co. (NASDAQ:BMTC) by 7.2% during the second quarter, Holdings Channel.com reports. The firm owned 20,340 shares of the bank’s stock after purchasing an additional 1,370 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Bryn Mawr Bank were worth $858,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of BMTC. US Bancorp DE raised its position in shares of Bryn Mawr Bank by 80.3% during the 2nd quarter. US Bancorp DE now owns 768 shares of the bank’s stock worth $32,000 after acquiring an additional 342 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Bryn Mawr Bank by 19.1% during the 1st quarter. Captrust Financial Advisors now owns 3,103 shares of the bank’s stock worth $141,000 after acquiring an additional 497 shares in the last quarter. MML Investors Services LLC raised its position in shares of Bryn Mawr Bank by 11.3% during the 2nd quarter. MML Investors Services LLC now owns 4,966 shares of the bank’s stock worth $210,000 after acquiring an additional 505 shares in the last quarter. Resources Management Corp CT ADV raised its position in shares of Bryn Mawr Bank by 4.4% during the 2nd quarter. Resources Management Corp CT ADV now owns 15,550 shares of the bank’s stock worth $656,000 after acquiring an additional 650 shares in the last quarter. Finally, North Star Asset Management Inc. raised its position in shares of Bryn Mawr Bank by 0.4% during the 2nd quarter. North Star Asset Management Inc. now owns 232,819 shares of the bank’s stock worth $9,822,000 after acquiring an additional 1,030 shares in the last quarter. 80.88% of the stock is currently owned by institutional investors.
BMTC opened at $48.10 on Thursday. The firm has a market capitalization of $957.24 million, a price-to-earnings ratio of 13.32 and a beta of 0.85. Bryn Mawr Bank Co. has a 52 week low of $29.15 and a 52 week high of $50.29. The stock’s 50 day moving average price is $45.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Monday, November 1st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, October 29th. Bryn Mawr Bank’s dividend payout ratio (DPR) is 31.03%.
In other Bryn Mawr Bank news, CAO Michael Laplante sold 1,500 shares of Bryn Mawr Bank stock in a transaction that occurred on Wednesday, October 27th. The stock was sold at an average price of $47.37, for a total value of $71,055.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Britton Murdoch sold 10,821 shares of Bryn Mawr Bank stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $49.22, for a total value of $532,609.62. The disclosure for this sale can be found here. Company insiders own 1.38% of the company’s stock.
Separately, Keefe, Bruyette & Woods lowered Bryn Mawr Bank from an “outperform” rating to a “market perform” rating and set a $50.00 target price on the stock. in a research report on Tuesday, October 26th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Bryn Mawr Bank presently has a consensus rating of “Hold” and an average target price of $45.25.
Bryn Mawr Bank Company Profile
Bryn Mawr Bank Corp. is engaged in the provision of personal and business banking services. It also offers consumer & commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust & estate administration, retirement planning, custody services and tax planning and preparation.
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