Coastal Investment Advisors Inc. raised its holdings in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 25.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,475 shares of the bank’s stock after acquiring an additional 1,100 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in Bryn Mawr Bank were worth $201,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ellis Investment Partners LLC bought a new stake in shares of Bryn Mawr Bank in the second quarter worth about $37,000. Commonwealth Equity Services LLC increased its holdings in shares of Bryn Mawr Bank by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 21,306 shares of the bank’s stock worth $795,000 after purchasing an additional 286 shares during the last quarter. Earnest Partners LLC bought a new stake in shares of Bryn Mawr Bank in the second quarter worth about $3,860,000. Wells Fargo & Company MN increased its holdings in shares of Bryn Mawr Bank by 68.2% in the second quarter. Wells Fargo & Company MN now owns 154,060 shares of the bank’s stock worth $5,749,000 after purchasing an additional 62,479 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Bryn Mawr Bank by 0.8% in the second quarter. Vanguard Group Inc. now owns 977,018 shares of the bank’s stock worth $36,461,000 after purchasing an additional 7,847 shares during the last quarter. 76.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ BMTC opened at $37.82 on Tuesday. The business’s 50 day moving average is $36.00 and its two-hundred day moving average is $36.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. Bryn Mawr Bank Corp. has a 1-year low of $32.84 and a 1-year high of $41.84. The stock has a market capitalization of $719.81 million, a P/E ratio of 10.93 and a beta of 0.74.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.05. Bryn Mawr Bank had a return on equity of 11.02% and a net margin of 22.13%. The company had revenue of $56.85 million for the quarter, compared to analysts’ expectations of $57.45 million. As a group, equities research analysts anticipate that Bryn Mawr Bank Corp. will post 3.04 earnings per share for the current fiscal year.
In other Bryn Mawr Bank news, Director Andrea F. Gilbert sold 4,475 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $35.63, for a total transaction of $159,444.25. Following the sale, the director now directly owns 31,607 shares of the company’s stock, valued at $1,126,157.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea F. Gilbert sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $35.44, for a total value of $77,968.00. Following the sale, the director now directly owns 31,607 shares in the company, valued at $1,120,152.08. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.
Several brokerages have recently issued reports on BMTC. BidaskClub cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. ValuEngine raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Bryn Mawr Bank presently has an average rating of “Hold” and a consensus price target of $45.00.
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. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.
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