Swiss National Bank boosted its holdings in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,800 shares of the bank’s stock after purchasing an additional 3,600 shares during the quarter. Swiss National Bank’s holdings in Bryn Mawr Bank were worth $1,406,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Bryn Mawr Bank by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 896,846 shares of the bank’s stock worth $39,282,000 after purchasing an additional 36,790 shares during the period. Macquarie Group Ltd. boosted its holdings in Bryn Mawr Bank by 16.6% in the third quarter. Macquarie Group Ltd. now owns 386,352 shares of the bank’s stock worth $16,922,000 after purchasing an additional 54,925 shares during the period. Stifel Financial Corp boosted its holdings in Bryn Mawr Bank by 4.7% in the third quarter. Stifel Financial Corp now owns 354,164 shares of the bank’s stock worth $15,519,000 after purchasing an additional 16,053 shares during the period. State Street Corp boosted its holdings in Bryn Mawr Bank by 5.2% in the second quarter. State Street Corp now owns 298,781 shares of the bank’s stock worth $12,704,000 after purchasing an additional 14,854 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in Bryn Mawr Bank by 5.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 155,304 shares of the bank’s stock worth $6,864,000 after purchasing an additional 8,584 shares during the period. 72.16% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Zacks Investment Research raised shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Thursday, February 1st. Boenning Scattergood reissued a “buy” rating and set a $50.00 price target on shares of Bryn Mawr Bank in a report on Monday, January 29th. Finally, ValuEngine downgraded shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bryn Mawr Bank has a consensus rating of “Hold” and a consensus price target of $49.00.
Bryn Mawr Bank Corp. (BMTC) opened at $46.75 on Wednesday. Bryn Mawr Bank Corp. has a 1-year low of $36.80 and a 1-year high of $47.20. The stock has a market cap of $944.39, a price-to-earnings ratio of 19.50 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 9.71%. The firm had revenue of $45.86 million for the quarter, compared to analyst estimates of $45.47 million. sell-side analysts expect that Bryn Mawr Bank Corp. will post 3.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 8th. Bryn Mawr Bank’s dividend payout ratio (DPR) is 65.19%.
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Bryn Mawr Bank 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.
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