Bryn Mawr Bank Corp. (BMTC) Director Michael Joseph Clement Acquires 2,800 Shares
Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Michael Joseph Clement acquired 2,800 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $43.84 per share, for a total transaction of $122,752.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) opened at $44.00 on Friday. The company has a market capitalization of $887.13, a price-to-earnings ratio of 18.41 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.95 and a quick ratio of 0.95. Bryn Mawr Bank Corp. has a 12 month low of $36.80 and a 12 month high of $46.90.
Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $45.86 million during the quarter, compared to the consensus estimate of $45.47 million. Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 10.53%. equities analysts forecast that Bryn Mawr Bank Corp. will post 3.07 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BMTC. The Manufacturers Life Insurance Company increased its stake in Bryn Mawr Bank by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 697,942 shares of the bank’s stock valued at $29,662,000 after acquiring an additional 95,440 shares during the last quarter. BlackRock Inc. increased its stake in Bryn Mawr Bank by 7.1% in the fourth quarter. BlackRock Inc. now owns 1,290,587 shares of the bank’s stock valued at $57,044,000 after acquiring an additional 85,723 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bryn Mawr Bank by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 860,056 shares of the bank’s stock valued at $36,553,000 after acquiring an additional 56,193 shares during the last quarter. Macquarie Group Ltd. increased its stake in Bryn Mawr Bank by 16.6% in the third quarter. Macquarie Group Ltd. now owns 386,352 shares of the bank’s stock valued at $16,922,000 after acquiring an additional 54,925 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Bryn Mawr Bank by 192.8% in the second quarter. Wells Fargo & Company MN now owns 57,521 shares of the bank’s stock valued at $2,445,000 after acquiring an additional 37,877 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on BMTC. BidaskClub upgraded Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Thursday, February 1st. Boenning Scattergood reissued a “buy” rating and issued a $50.00 target price on shares of Bryn Mawr Bank in a research note on Monday, January 29th. Finally, ValuEngine cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Bryn Mawr Bank presently has an average rating of “Buy” and a consensus price target 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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