Tower Bridge Advisors trimmed its holdings in Bryn Mawr Bank Corporation (NASDAQ:BMTC) by 53.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,794 shares of the bank’s stock after selling 10,000 shares during the quarter. Tower Bridge Advisors owned 0.05% of Bryn Mawr Bank Corporation worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kistler Tiffany Companies LLC raised its stake in shares of Bryn Mawr Bank Corporation by 2,952.5% in the third quarter. Kistler Tiffany Companies LLC now owns 2,442 shares of the bank’s stock valued at $107,000 after purchasing an additional 2,362 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Bryn Mawr Bank Corporation by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after purchasing an additional 532 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Bryn Mawr Bank Corporation by 4.1% in the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after purchasing an additional 167 shares in the last quarter. Citigroup Inc. raised its stake in shares of Bryn Mawr Bank Corporation by 83.6% in the second quarter. Citigroup Inc. now owns 4,724 shares of the bank’s stock valued at $201,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bryn Mawr Bank Corporation in the second quarter valued at $205,000. 79.67% of the stock is owned by institutional investors.

In other Bryn Mawr Bank Corporation news, EVP Joseph G. Keefer sold 11,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total transaction of $508,070.00. Following the completion of the transaction, the executive vice president now directly owns 19,925 shares in the company, valued at $880,286.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.31% of the company’s stock.

Bryn Mawr Bank Corporation (BMTC) opened at $42.95 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $718.35, a price-to-earnings ratio of 18.23 and a beta of 0.63. Bryn Mawr Bank Corporation has a 12 month low of $33.90 and a 12 month high of $45.45.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. Bryn Mawr Bank Corporation had a return on equity of 10.15% and a net margin of 21.29%. The firm had revenue of $45.02 million during the quarter, compared to analyst estimates of $46.85 million. research analysts predict that Bryn Mawr Bank Corporation will post 2.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.88 annualized dividend and a yield of 2.05%. Bryn Mawr Bank Corporation’s dividend payout ratio is currently 39.11%.

BMTC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 target price on shares of Bryn Mawr Bank Corporation in a research note on Sunday, July 23rd. Boenning Scattergood upgraded Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, July 24th. BidaskClub lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Bryn Mawr Bank Corporation presently has a consensus rating of “Hold” and an average target price of $48.50.

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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.

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

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