Phocas Financial Corp. decreased its holdings in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,191 shares of the bank’s stock after selling 12,094 shares during the period. Phocas Financial Corp. owned about 1.41% of Bryn Mawr Bank worth $12,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Bryn Mawr Bank during the 4th quarter valued at $105,000. SG Americas Securities LLC bought a new stake in shares of Bryn Mawr Bank during the 3rd quarter valued at $133,000. Bank of Montreal Can grew its position in shares of Bryn Mawr Bank by 66.0% during the 4th quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock valued at $165,000 after acquiring an additional 1,486 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Bryn Mawr Bank by 47.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,605 shares of the bank’s stock valued at $245,000 after acquiring an additional 1,793 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Bryn Mawr Bank during the 4th quarter valued at $260,000. 72.02% of the stock is owned by hedge funds and other institutional investors.
Bryn Mawr Bank Corp. (BMTC) opened at $46.30 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. Bryn Mawr Bank Corp. has a one year low of $36.80 and a one year high of $47.20. The firm has a market cap of $942.36, a price-to-earnings ratio of 34.30 and a beta of 0.60.
Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Monday, January 29th. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $45.47 million. research analysts expect that Bryn Mawr Bank Corp. will post 3.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, February 8th. Bryn Mawr Bank’s dividend payout ratio (DPR) is 65.19%.
In related news, COO Alison Eichert sold 9,000 shares of Bryn Mawr Bank stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $45.19, for a total transaction of $406,710.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Diego F. Calderin bought 1,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average price of $45.99 per share, for a total transaction of $45,990.00. Following the purchase, the director now owns 1,000 shares in the company, valued at approximately $45,990. The disclosure for this purchase can be found here. 1.95% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on BMTC. BidaskClub raised shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research 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 objective for the company in a research report on Thursday, February 1st. Boenning Scattergood reissued a “buy” rating and set a $50.00 price objective on shares of Bryn Mawr Bank in a research report on Monday, January 29th. Finally, ValuEngine downgraded shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.00.
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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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