Pennsylvania Trust Co lowered its position in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,393 shares of the bank’s stock after selling 1,100 shares during the quarter. Pennsylvania Trust Co’s holdings in Bryn Mawr Bank were worth $2,410,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BMTC. Wells Fargo & Company MN increased its holdings in shares of Bryn Mawr Bank by 4.4% in the first quarter. Wells Fargo & Company MN now owns 73,213 shares of the bank’s stock worth $3,217,000 after purchasing an additional 3,090 shares during the period. SG Americas Securities LLC bought a new position in shares of Bryn Mawr Bank in the first quarter worth $105,000. Prudential Financial Inc. increased its holdings in shares of Bryn Mawr Bank by 70.1% in the first quarter. Prudential Financial Inc. now owns 9,546 shares of the bank’s stock worth $419,000 after purchasing an additional 3,933 shares during the period. Swiss National Bank increased its holdings in shares of Bryn Mawr Bank by 5.3% in the first quarter. Swiss National Bank now owns 33,500 shares of the bank’s stock worth $1,472,000 after purchasing an additional 1,700 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Bryn Mawr Bank in the first quarter worth $209,000. 72.99% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on BMTC. Zacks Investment Research raised shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, July 24th. BidaskClub raised shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.67.

BMTC opened at $45.94 on Thursday. The firm has a market capitalization of $949.51 million, a P/E ratio of 18.98 and a beta of 0.46. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. Bryn Mawr Bank Corp. has a 52 week low of $40.80 and a 52 week high of $50.35.

Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Thursday, July 19th. The bank reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.04). The firm had revenue of $57.39 million during the quarter, compared to the consensus estimate of $53.58 million. Bryn Mawr Bank had a net margin of 15.20% and a return on equity of 11.63%. As a group, sell-side analysts anticipate that Bryn Mawr Bank Corp. will post 3.32 earnings per share for the current fiscal year.

In related news, CEO Francis J. Leto sold 8,075 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $49.47, for a total value of $399,470.25. Following the transaction, the chief executive officer now owns 48,123 shares of the company’s stock, valued at $2,380,644.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Britton Murdoch sold 9,000 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $49.10, for a total value of $441,900.00. Following the completion of the transaction, the director now directly owns 31,390 shares in the company, valued at approximately $1,541,249. The disclosure for this sale can be found here. In the last three months, insiders sold 31,115 shares of company stock worth $1,522,350. 1.95% of the stock is owned by insiders.

Bryn Mawr Bank Company Profile

Bryn Mawr Bank Corporation operates as the bank holding company for The Bryn Mawr Trust Company that provides commercial and retail banking services to individual and business customers. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

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

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