Glenmede Trust Co. NA Maintains Position in Bryn Mawr Bank Corporation (NASDAQ:BMTC)

Glenmede Trust Co. NA held its stake in shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,280 shares of the bank’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Bryn Mawr Bank Corporation were worth $180,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Bryn Mawr Bank Corporation during the fourth quarter worth $944,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Bryn Mawr Bank Corporation during the fourth quarter worth $241,000. State Street Corp raised its stake 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 during the period. Dimensional Fund Advisors LP raised its stake in shares of Bryn Mawr Bank Corporation by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 746,881 shares of the bank’s stock worth $31,481,000 after buying an additional 47,712 shares during the period. Finally, AQR Capital Management LLC raised its stake 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 during the period. Hedge funds and other institutional investors own 75.60% of the company’s stock.

Shares of Bryn Mawr Bank Corporation (BMTC) opened at 42.60 on Tuesday. The firm’s 50-day moving average price is $41.53 and its 200-day moving average price is $40.91. The firm has a market cap of $723.65 million, a price-to-earnings ratio of 19.73 and a beta of 0.62. Bryn Mawr Bank Corporation has a 52 week low of $28.62 and a 52 week high of $43.85.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its quarterly earnings data on Thursday, April 20th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Bryn Mawr Bank Corporation had a return on equity of 9.76% and a net margin of 21.23%. The business had revenue of $40.63 million during the quarter, compared to analysts’ expectations of $41.95 million. Equities research analysts expect that Bryn Mawr Bank Corporation will post $2.38 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on BMTC shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $44.00 price objective on shares of Bryn Mawr Bank Corporation in a research note on Thursday, April 20th. Zacks Investment Research upgraded Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, April 24th. Finally, ValuEngine upgraded Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

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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