California Public Employees Retirement System increased its position in Bryn Mawr Bank Corporation (NASDAQ:BMTC) by 24.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,500 shares of the bank’s stock after buying an additional 6,000 shares during the period. California Public Employees Retirement System’s holdings in Bryn Mawr Bank Corporation were worth $1,205,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Bryn Mawr Bank Corporation by 175.8% in the fourth quarter. AQR Capital Management LLC now owns 18,319 shares of the bank’s stock worth $772,000 after buying an additional 11,676 shares in the last quarter. Bank of Montreal Can increased its position in shares of Bryn Mawr Bank Corporation by 60.0% in the first quarter. Bank of Montreal Can now owns 8,676 shares of the bank’s stock worth $342,000 after buying an additional 3,254 shares in the last quarter. State Street Corp increased its position in shares of Bryn Mawr Bank Corporation by 18.0% in the fourth quarter. State Street Corp now owns 301,859 shares of the bank’s stock worth $12,723,000 after buying an additional 46,078 shares in the last quarter. John W. Rosenthal Capital Management Inc. increased its position in shares of Bryn Mawr Bank Corporation by 4.5% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 124,625 shares of the bank’s stock worth $4,923,000 after buying an additional 5,325 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Bryn Mawr Bank Corporation during the fourth quarter worth $241,000. 75.99% of the stock is owned by institutional investors.

Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) opened at 41.90 on Thursday. The stock has a market cap of $712.34 million, a PE ratio of 19.31 and a beta of 0.62. Bryn Mawr Bank Corporation has a 12-month low of $29.50 and a 12-month high of $44.40. The stock’s 50 day moving average is $42.33 and its 200-day moving average is $41.25.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The business had revenue of $42.75 million for the quarter, compared to analyst estimates of $42.40 million. During the same quarter in the prior year, the business posted $0.53 EPS. Bryn Mawr Bank Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts expect that Bryn Mawr Bank Corporation will post $2.40 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 2nd will be paid a dividend of $0.22 per share. This is a positive change from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, July 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.09%. Bryn Mawr Bank Corporation’s dividend payout ratio is presently 40.37%.

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A number of equities analysts have weighed in on BMTC shares. Zacks Investment Research raised shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, April 24th. ValuEngine upgraded shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub cut shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Boenning Scattergood upgraded shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $44.00 price target on shares of Bryn Mawr Bank Corporation in a report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Bryn Mawr Bank Corporation currently has a consensus rating of “Hold” and a consensus target price of $48.00.

In other Bryn Mawr Bank Corporation news, Director Scott Mahaley Jenkins sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $43.75, for a total transaction of $153,125.00. Following the transaction, the director now owns 13,908 shares in the company, valued at approximately $608,475. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.31% of the company’s stock.

About Bryn Mawr Bank Corporation

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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Institutional Ownership by Quarter for Bryn Mawr Bank Corporation (NASDAQ:BMTC)

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