Bank of America Corp DE increased its stake in shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 48,054 shares of the bank’s stock after buying an additional 2,596 shares during the period. Bank of America Corp DE’s holdings in Bryn Mawr Bank Corporation were worth $1,898,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Teachers Advisors LLC boosted its position in shares of Bryn Mawr Bank Corporation by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 35,676 shares of the bank’s stock valued at $1,504,000 after buying an additional 624 shares in the last quarter. American International Group Inc. boosted its position in shares of Bryn Mawr Bank Corporation by 6.9% in the first quarter. American International Group Inc. now owns 10,235 shares of the bank’s stock valued at $404,000 after buying an additional 661 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Bryn Mawr Bank Corporation by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 141,520 shares of the bank’s stock valued at $5,590,000 after buying an additional 1,016 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of Bryn Mawr Bank Corporation by 4.4% in the first quarter. Cadence Capital Management LLC now owns 31,046 shares of the bank’s stock valued at $1,226,000 after buying an additional 1,303 shares in the last quarter. Finally, AlphaOne Investment Services LLC boosted its position in shares of Bryn Mawr Bank Corporation by 2.0% in the first quarter. AlphaOne Investment Services LLC now owns 92,025 shares of the bank’s stock valued at $3,635,000 after buying an additional 1,827 shares in the last quarter. Institutional investors own 75.99% of the company’s stock.

Bryn Mawr Bank Corporation (NASDAQ BMTC) traded down 0.48% during midday trading on Friday, reaching $41.65. 59,648 shares of the company traded hands. Bryn Mawr Bank Corporation has a one year low of $29.50 and a one year high of $44.40. The stock has a market capitalization of $708.09 million, a P/E ratio of 19.19 and a beta of 0.62. The company has a 50 day moving average price of $42.40 and a 200-day moving average price of $41.27.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $42.75 million for the quarter, compared to the consensus estimate of $42.40 million. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Analysts forecast that Bryn Mawr Bank Corporation will post $2.40 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 2nd will be given a dividend of $0.22 per share. This is an increase from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, July 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.11%. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is 40.37%.

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Several brokerages recently issued reports on BMTC. BidaskClub cut shares of Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price objective on shares of Bryn Mawr Bank Corporation in a research note on Sunday, July 23rd. Zacks Investment Research lowered shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, July 24th. Finally, ValuEngine raised shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two 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. Bryn Mawr Bank Corporation has a consensus rating of “Hold” and a consensus price target of $48.00.

In other Bryn Mawr Bank Corporation news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $608,475. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.31% of the company’s stock.

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

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