Emerald Advisers LLC boosted its position in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 47.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,110 shares of the bank’s stock after buying an additional 3,240 shares during the quarter. Emerald Advisers LLC’s holdings in Bryn Mawr Bank were worth $365,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of BMTC. BlackRock Inc. raised its stake in Bryn Mawr Bank by 1.8% in the third quarter. BlackRock Inc. now owns 1,459,123 shares of the bank’s stock valued at $68,433,000 after buying an additional 25,881 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Bryn Mawr Bank by 49.0% during the third quarter. MetLife Investment Advisors LLC now owns 13,975 shares of the bank’s stock worth $655,000 after purchasing an additional 4,593 shares during the last quarter. Nordea Investment Management AB purchased a new position in shares of Bryn Mawr Bank during the third quarter worth about $446,000. Morgan Stanley grew its holdings 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 worth $8,398,000 after purchasing an additional 115,839 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Bryn Mawr Bank by 3.3% during the third quarter. Vanguard Group Inc. now owns 884,089 shares of the bank’s stock worth $41,465,000 after purchasing an additional 28,152 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.
In other news, Director Scott Mahaley Jenkins sold 4,475 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $40.03, for a total transaction of $179,134.25. Following the completion of the sale, the director now directly owns 18,114 shares of the company’s stock, valued at approximately $725,103.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.39% of the company’s stock.
A number of research firms recently issued reports on BMTC. Boenning Scattergood reissued a “hold” rating on shares of Bryn Mawr Bank in a report on Monday, April 22nd. BidaskClub raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Zacks Investment Research lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Bryn Mawr Bank currently has a consensus rating of “Hold” and an average target price of $48.33.
BMTC stock opened at $39.61 on Monday. Bryn Mawr Bank Corp. has a 12-month low of $32.84 and a 12-month high of $50.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $798.66 million, a PE ratio of 11.45 and a beta of 0.74.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.06). Bryn Mawr Bank had a return on equity of 11.85% and a net margin of 22.62%. The company had revenue of $56.90 million for the quarter, compared to analyst estimates of $55.60 million. On average, analysts forecast that Bryn Mawr Bank Corp. will post 3.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.00 annualized dividend and a yield of 2.52%. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 28.90%.
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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. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.
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