Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Wendell F. Holland sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.03, for a total transaction of $157,605.00. Following the completion of the transaction, the director now directly owns 17,654 shares of the company’s stock, valued at approximately $794,959.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded down $0.55 during trading hours on Tuesday, reaching $44.85. 64,253 shares of the company traded hands, compared to its average volume of 60,456. The firm has a market capitalization of $765.28, a PE ratio of 20.29 and a beta of 0.59. Bryn Mawr Bank Corp. has a 52-week low of $36.80 and a 52-week high of $46.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its earnings results on Monday, January 29th. The bank reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $45.86 million during the quarter, compared to analyst estimates of $45.47 million. Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 10.53%. research analysts predict that Bryn Mawr Bank Corp. will post 3.07 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in Bryn Mawr Bank by 40.9% during the fourth quarter. Franklin Resources Inc. now owns 881,726 shares of the bank’s stock worth $38,972,000 after purchasing an additional 256,126 shares in the last quarter. BlackRock Inc. raised its holdings in Bryn Mawr Bank by 7.1% during the fourth quarter. BlackRock Inc. now owns 1,290,587 shares of the bank’s stock worth $57,044,000 after purchasing an additional 85,723 shares in the last quarter. Basswood Capital Management L.L.C. raised its holdings in Bryn Mawr Bank by 37.7% during the fourth quarter. Basswood Capital Management L.L.C. now owns 308,602 shares of the bank’s stock worth $13,640,000 after purchasing an additional 84,432 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bryn Mawr Bank by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 860,056 shares of the bank’s stock worth $36,553,000 after purchasing an additional 56,193 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Bryn Mawr Bank by 9.8% during the fourth quarter. Renaissance Technologies LLC now owns 623,057 shares of the bank’s stock worth $27,539,000 after purchasing an additional 55,357 shares in the last quarter. 69.83% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on BMTC. Zacks Investment Research lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub lowered shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Boenning Scattergood reissued a “buy” rating and issued a $50.00 price objective on shares of Bryn Mawr Bank in a research note on Monday, January 29th. Finally, ValuEngine lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.00.
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About Bryn Mawr Bank
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.
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