Geode Capital Management LLC boosted its holdings in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,456 shares of the bank’s stock after buying an additional 20,945 shares during the quarter. Geode Capital Management LLC owned about 1.11% of Bryn Mawr Bank worth $7,755,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors increased its position in Bryn Mawr Bank by 40.1% during the fourth quarter. Captrust Financial Advisors now owns 919 shares of the bank’s stock worth $32,000 after buying an additional 263 shares during the last quarter. Ramsey Quantitative Systems grew its position in shares of Bryn Mawr Bank by 115.9% in the fourth quarter. Ramsey Quantitative Systems now owns 1,937 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,040 shares during the last quarter. Bank of Montreal Can grew its position in shares of Bryn Mawr Bank by 11.6% in the fourth quarter. Bank of Montreal Can now owns 3,551 shares of the bank’s stock valued at $122,000 after purchasing an additional 369 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Bryn Mawr Bank in the fourth quarter valued at about $175,000. Finally, GSA Capital Partners LLP grew its position in shares of Bryn Mawr Bank by 34.8% in the fourth quarter. GSA Capital Partners LLP now owns 10,127 shares of the bank’s stock valued at $348,000 after purchasing an additional 2,612 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Scott Mahaley Jenkins sold 4,475 shares of Bryn Mawr Bank stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $40.03, for a total transaction of $179,134.25. Following the sale, the director now directly owns 18,114 shares of the company’s stock, valued at $725,103.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.39% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on BMTC shares. BidaskClub raised Bryn Mawr Bank from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Bryn Mawr Bank in a research report on Friday, January 18th. Zacks Investment Research raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Finally, Keefe, Bruyette & Woods downgraded Bryn Mawr Bank from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $55.00 to $44.00 in a research report on Tuesday, January 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.33.
Shares of NASDAQ:BMTC opened at $37.41 on Wednesday. The stock has a market capitalization of $747.25 million, a PE ratio of 10.74 and a beta of 0.73. Bryn Mawr Bank Corp. has a 52-week low of $32.84 and a 52-week high of $50.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 0.90.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings results on Thursday, January 17th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Bryn Mawr Bank had a return on equity of 12.88% and a net margin of 24.82%. The company had revenue of $56.08 million for the quarter, compared to the consensus estimate of $55.30 million. On average, sell-side analysts predict that Bryn Mawr Bank Corp. will post 3.33 earnings per share for the current year.
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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