Bryn Mawr Bank Corp. (NASDAQ:BMTC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “

Separately, Keefe, Bruyette & Woods boosted their price target on Bryn Mawr Bank Corp. from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, July 25th.

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Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up 0.29% during midday trading on Wednesday, reaching $31.50. The company’s stock had a trading volume of 28,251 shares. Bryn Mawr Bank Corp. has a 52-week low of $23.92 and a 52-week high of $32.50. The company has a market capitalization of $530.24 million, a price-to-earnings ratio of 29.89 and a beta of 0.75. The stock has a 50 day moving average price of $31.17 and a 200-day moving average price of $28.70.

Bryn Mawr Bank Corp. (NASDAQ:BMTC) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Bryn Mawr Bank Corp. had a return on equity of 5.15% and a net margin of 11.02%. Equities research analysts expect that Bryn Mawr Bank Corp. will post $2.09 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, August 2nd were paid a $0.21 dividend. This is a positive change from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.84 annualized dividend and a yield of 2.67%. Bryn Mawr Bank Corp.’s payout ratio is currently 79.25%.

In other Bryn Mawr Bank Corp. news, EVP Joseph G. Keefer sold 10,000 shares of Bryn Mawr Bank Corp. stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $30.62, for a total value of $306,200.00. Following the completion of the transaction, the executive vice president now owns 7,565 shares in the company, valued at approximately $231,640.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick C. Peters II sold 5,229 shares of Bryn Mawr Bank Corp. stock in a transaction on Friday, August 26th. The shares were sold at an average price of $31.74, for a total value of $165,968.46. Following the completion of the transaction, the director now owns 44,220 shares of the company’s stock, valued at approximately $1,403,542.80. The disclosure for this sale can be found here. 3.33% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of BMTC. Parametric Portfolio Associates LLC increased its position in shares of Bryn Mawr Bank Corp. by 0.7% in the second quarter. Parametric Portfolio Associates LLC now owns 18,249 shares of the company’s stock valued at $533,000 after buying an additional 129 shares during the last quarter. AlphaOne Investment Services LLC increased its position in shares of Bryn Mawr Bank Corp. by 0.3% in the first quarter. AlphaOne Investment Services LLC now owns 114,132 shares of the company’s stock valued at $2,937,000 after buying an additional 350 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Bryn Mawr Bank Corp. by 2.1% in the second quarter. Alliancebernstein L.P. now owns 19,580 shares of the company’s stock valued at $572,000 after buying an additional 400 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Bryn Mawr Bank Corp. by 1.8% in the second quarter. California Public Employees Retirement System now owns 28,800 shares of the company’s stock valued at $841,000 after buying an additional 500 shares during the last quarter. Finally, BlackRock Advisors LLC increased its position in shares of Bryn Mawr Bank Corp. by 6.0% in the second quarter. BlackRock Advisors LLC now owns 9,074 shares of the company’s stock valued at $265,000 after buying an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 68.92% of the company’s stock.

Bryn Mawr Bank Corp. Company Profile

Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers 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.

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