Royce & Associates LP Has $1,063,000 Holdings in Bryn Mawr Bank Corporation (BMTC)

Royce & Associates LP maintained its position in Bryn Mawr Bank Corporation (NASDAQ:BMTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the bank’s stock at the end of the second quarter. Royce & Associates LP owned 0.15% of Bryn Mawr Bank Corporation worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Bryn Mawr Bank Corporation by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 803,863 shares of the bank’s stock valued at $31,753,000 after purchasing an additional 56,982 shares during the period. Vanguard Group Inc. lifted its stake in shares of Bryn Mawr Bank Corporation by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 736,604 shares of the bank’s stock valued at $29,096,000 after purchasing an additional 57,678 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Bryn Mawr Bank Corporation by 3.8% in the 1st quarter. Renaissance Technologies LLC now owns 546,100 shares of the bank’s stock valued at $21,571,000 after purchasing an additional 19,900 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Bryn Mawr Bank Corporation by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 485,195 shares of the bank’s stock valued at $19,165,000 after purchasing an additional 14,763 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Bryn Mawr Bank Corporation by 15.5% in the 1st quarter. Stifel Financial Corp now owns 298,510 shares of the bank’s stock valued at $11,804,000 after purchasing an additional 40,148 shares during the period. 79.19% of the stock is currently owned by institutional investors.

In related news, Director Scott Mahaley Jenkins sold 3,500 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $43.75, for a total value of $153,125.00. Following the sale, the director now owns 13,908 shares of the company’s stock, valued at $608,475. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.31% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub downgraded Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price target on shares of Bryn Mawr Bank Corporation in a research note on Sunday, July 23rd. Boenning Scattergood raised Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, July 24th. Finally, ValuEngine raised Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Bryn Mawr Bank Corporation presently has an average rating of “Hold” and a consensus price target of $48.00.

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Bryn Mawr Bank Corporation (NASDAQ BMTC) opened at 40.65 on Friday. Bryn Mawr Bank Corporation has a 1-year low of $29.50 and a 1-year high of $44.40. The stock has a 50 day moving average price of $41.08 and a 200-day moving average price of $41.18. The firm has a market cap of $691.09 million, a P/E ratio of 18.73 and a beta of 0.62.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The firm had revenue of $42.75 million for the quarter, compared to analysts’ expectations of $42.40 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts forecast that Bryn Mawr Bank Corporation will post $2.40 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 2nd were paid a $0.22 dividend. This is a boost from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, July 31st. This represents a $0.88 annualized dividend and a dividend yield of 2.16%. Bryn Mawr Bank Corporation’s payout ratio is currently 40.37%.

Bryn Mawr Bank Corporation Company Profile

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.

Institutional Ownership by Quarter for Bryn Mawr Bank Corporation (NASDAQ:BMTC)

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