GSA Capital Partners LLP purchased a new stake in Bryn Mawr Bank Corp. (NASDAQ:BMTC) during the second quarter, Holdings Channel reports. The firm purchased 7,498 shares of the company’s stock, valued at approximately $219,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new stake in shares of Bryn Mawr Bank Corp. during the second quarter valued at approximately $105,000. Bank of Montreal Can acquired a new stake in shares of Bryn Mawr Bank Corp. during the second quarter worth approximately $171,000. Royal Bank of Canada increased its stake in shares of Bryn Mawr Bank Corp. by 16,862.5% in the first quarter. Royal Bank of Canada now owns 6,785 shares of the company’s stock worth $175,000 after buying an additional 6,745 shares during the last quarter. Steinberg Global Asset Management increased its stake in shares of Bryn Mawr Bank Corp. by 65.6% in the first quarter. Steinberg Global Asset Management now owns 15,400 shares of the company’s stock worth $396,000 after buying an additional 6,100 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Bryn Mawr Bank Corp. by 21.1% in the second quarter. Swiss National Bank now owns 27,000 shares of the company’s stock worth $788,000 after buying an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 68.92% of the company’s stock.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up 2.70% during mid-day trading on Friday, reaching $31.99. The company’s stock had a trading volume of 40,036 shares. Bryn Mawr Bank Corp. has a 12-month low of $23.92 and a 12-month high of $32.50. The company has a 50-day moving average price of $31.61 and a 200-day moving average price of $29.00. The firm has a market cap of $538.49 million, a PE ratio of 30.35 and a beta of 0.75.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Bryn Mawr Bank Corp. had a return on equity of 5.15% and a net margin of 11.02%. On average, equities research analysts expect that Bryn Mawr Bank Corp. will post $2.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, August 2nd were given a $0.21 dividend. This is a boost from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, July 29th. Bryn Mawr Bank Corp.’s payout ratio is currently 79.25%.
A number of brokerages recently commented on BMTC. Keefe, Bruyette & Woods increased their price target on Bryn Mawr Bank Corp. from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, July 25th. Zacks Investment Research raised Bryn Mawr Bank Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st.
In other news, EVP Joseph G. Keefer sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $30.62, for a total value of $306,200.00. Following the sale, the executive vice president now directly owns 7,565 shares of the company’s stock, valued at approximately $231,640.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederick C. Peters II sold 5,229 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $31.74, for a total value of $165,968.46. Following the completion of the sale, the director now directly owns 44,220 shares in the company, valued at $1,403,542.80. The disclosure for this sale can be found here. 3.33% of the stock is owned by insiders.
Bryn Mawr Bank Corp. Company Profile
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers 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.
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