Swiss National Bank boosted its holdings in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,800 shares of the bank’s stock after buying an additional 3,600 shares during the period. Swiss National Bank owned approximately 0.16% of Bryn Mawr Bank worth $1,406,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of BMTC. SG Americas Securities LLC purchased a new stake in shares of Bryn Mawr Bank during the third quarter valued at approximately $133,000. Bank of Montreal Can raised its stake in shares of Bryn Mawr Bank by 66.0% during the fourth quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock valued at $165,000 after purchasing an additional 1,486 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Bryn Mawr Bank by 47.0% during the third quarter. Public Employees Retirement System of Ohio now owns 5,605 shares of the bank’s stock valued at $245,000 after purchasing an additional 1,793 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Bryn Mawr Bank during the fourth quarter valued at approximately $260,000. Finally, Kistler Tiffany Companies LLC raised its stake in shares of Bryn Mawr Bank by 141.5% during the fourth quarter. Kistler Tiffany Companies LLC now owns 5,897 shares of the bank’s stock valued at $261,000 after purchasing an additional 3,455 shares during the period. Hedge funds and other institutional investors own 72.16% of the company’s stock.
A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, February 1st. Boenning Scattergood restated a “buy” rating and issued a $50.00 price target 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bryn Mawr Bank presently has a consensus rating of “Hold” and an average price target of $49.00.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $45.86 million during the quarter, compared to the consensus estimate of $45.47 million. Bryn Mawr Bank had a return on equity of 9.71% and a net margin of 12.20%. analysts expect that Bryn Mawr Bank Corp. will post 3.07 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 9th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.88%. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 65.19%.
In other Bryn Mawr Bank news, Director Wendell F. Holland sold 3,500 shares of Bryn Mawr Bank stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.03, for a total value of $157,605.00. Following the completion of the transaction, the director now owns 17,654 shares of the company’s stock, valued at $794,959.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Alison Eichert sold 9,000 shares of Bryn Mawr Bank stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $45.19, for a total transaction of $406,710.00. The disclosure for this sale can be found here. 2.31% of the stock is currently owned by insiders.
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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.
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