Insider Buying: Bryn Mawr Bank Corp. (BMTC) Director Purchases 2,800 Shares of Stock

Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Michael Joseph Clement purchased 2,800 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $43.84 per share, for a total transaction of $122,752.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Bryn Mawr Bank Corp. (BMTC) traded up $0.90 during mid-day trading on Friday, reaching $44.00. The company’s stock had a trading volume of 54,013 shares, compared to its average volume of 62,579. Bryn Mawr Bank Corp. has a one year low of $36.80 and a one year high of $46.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $886.11, a P/E ratio of 31.81 and a beta of 0.59.

Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $45.86 million for 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%. sell-side analysts expect that Bryn Mawr Bank Corp. will post 3.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. Bryn Mawr Bank’s payout ratio is 65.19%.

BMTC has been the topic of several analyst reports. Boenning Scattergood reiterated a “buy” rating and set a $50.00 price target on shares of Bryn Mawr Bank in a report on Monday, January 29th. ValuEngine downgraded Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Zacks Investment Research upgraded Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Thursday, February 1st. Finally, BidaskClub downgraded Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Bryn Mawr Bank currently has a consensus rating of “Buy” and an average price target of $49.00.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Bryn Mawr Bank by 7.1% in the fourth quarter. BlackRock Inc. now owns 1,290,587 shares of the bank’s stock worth $57,044,000 after acquiring an additional 85,723 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bryn Mawr Bank by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 896,846 shares of the bank’s stock worth $39,282,000 after acquiring an additional 36,790 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Bryn Mawr Bank by 1.1% in the second quarter. Vanguard Group Inc. now owns 744,704 shares of the bank’s stock worth $31,650,000 after acquiring an additional 8,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Bryn Mawr Bank by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 702,322 shares of the bank’s stock worth $31,042,000 after acquiring an additional 2,087 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Bryn Mawr Bank by 16.6% in the third quarter. Macquarie Group Ltd. now owns 386,352 shares of the bank’s stock worth $16,922,000 after acquiring an additional 54,925 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

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Bryn Mawr Bank 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.

Insider Buying and Selling by Quarter for Bryn Mawr Bank (NASDAQ:BMTC)

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