Public Employees Retirement System of Ohio boosted its position in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 16.2% during the first quarter, Holdings Channel reports. The fund owned 3,812 shares of the bank’s stock after buying an additional 532 shares during the period. Public Employees Retirement System of Ohio’s holdings in Bryn Mawr Bank Corp. were worth $151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Bryn Mawr Bank Corp. by 8.5% in the first quarter. Vanguard Group Inc. now owns 736,604 shares of the bank’s stock worth $29,096,000 after buying an additional 57,678 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bryn Mawr Bank Corp. by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 803,863 shares of the bank’s stock worth $31,753,000 after buying an additional 56,982 shares during the last quarter. Stifel Financial Corp increased its position in shares of Bryn Mawr Bank Corp. by 15.5% in the first quarter. Stifel Financial Corp now owns 298,510 shares of the bank’s stock worth $11,804,000 after buying an additional 40,148 shares during the last quarter. LSV Asset Management increased its position in shares of Bryn Mawr Bank Corp. by 31.1% in the first quarter. LSV Asset Management now owns 133,144 shares of the bank’s stock worth $5,259,000 after buying an additional 31,623 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Bryn Mawr Bank Corp. by 139.6% in the first quarter. AQR Capital Management LLC now owns 43,900 shares of the bank’s stock worth $1,734,000 after buying an additional 25,581 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Shares of Bryn Mawr Bank Corp. (BMTC) traded down 0.48% on Friday, hitting $41.65. 59,648 shares of the company were exchanged. Bryn Mawr Bank Corp. has a 52-week low of $29.50 and a 52-week high of $44.40. The firm’s 50-day moving average is $42.40 and its 200-day moving average is $41.27. The stock has a market capitalization of $708.09 million, a PE ratio of 19.19 and a beta of 0.62.

Bryn Mawr Bank Corp. (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corp. had a net margin of 22.07% and a return on equity of 9.66%. The firm had revenue of $42.75 million for the quarter, compared to analyst estimates of $42.40 million. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that Bryn Mawr Bank Corp. will post $2.40 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 2nd will be issued a $0.22 dividend. This is a positive change from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Monday, July 31st. Bryn Mawr Bank Corp.’s dividend payout ratio is currently 40.37%.

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A number of research analysts recently commented on BMTC shares. Zacks Investment Research raised shares of Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, April 24th. ValuEngine raised shares of Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Bryn Mawr Bank Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Boenning Scattergood raised shares of Bryn Mawr Bank Corp. from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $44.00 price target on shares of Bryn Mawr Bank Corp. in a report on Thursday, April 20th. Two investment 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. The company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

In other 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 value of $153,125.00. Following the transaction, the director now directly owns 13,908 shares in the company, valued at approximately $608,475. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.31% of the company’s stock.

About Bryn Mawr Bank Corp.

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 Corp. (NASDAQ:BMTC)

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