Walthausen & Co. LLC reduced its position in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,544 shares of the bank’s stock after selling 736 shares during the period. Walthausen & Co. LLC’s holdings in Bryn Mawr Bank were worth $2,786,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corbenic Partners LLC purchased a new stake in Bryn Mawr Bank during the fourth quarter worth about $42,000. Advisor Group Inc. increased its holdings in Bryn Mawr Bank by 60.2% during the fourth quarter. Advisor Group Inc. now owns 1,336 shares of the bank’s stock worth $55,000 after buying an additional 502 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in Bryn Mawr Bank during the fourth quarter worth about $58,000. Citigroup Inc. increased its holdings in Bryn Mawr Bank by 47.8% during the fourth quarter. Citigroup Inc. now owns 4,064 shares of the bank’s stock worth $168,000 after buying an additional 1,315 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Bryn Mawr Bank during the fourth quarter worth about $176,000. 77.49% of the stock is currently owned by institutional investors.
BMTC has been the subject of a number of research analyst reports. TheStreet downgraded shares of Bryn Mawr Bank from a “b-” rating to a “c+” rating in a report on Wednesday, March 11th. ValuEngine upgraded shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Zacks Investment Research upgraded shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, BidaskClub downgraded shares of Bryn Mawr Bank from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Bryn Mawr Bank currently has a consensus rating of “Hold”.
Shares of BMTC traded up $2.17 during trading hours on Thursday, hitting $27.80. The company’s stock had a trading volume of 78,100 shares, compared to its average volume of 64,912. The company has a market cap of $545.79 million, a price-to-earnings ratio of 9.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50 day simple moving average of $33.19 and a two-hundred day simple moving average of $37.18. Bryn Mawr Bank Corp. has a 52-week low of $22.20 and a 52-week high of $41.40.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Thursday, January 16th. The bank reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $59.24 million during the quarter, compared to the consensus estimate of $57.97 million. Bryn Mawr Bank had a net margin of 21.49% and a return on equity of 10.56%. Research analysts predict that Bryn Mawr Bank Corp. will post 3.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, January 31st were paid a $0.26 dividend. The ex-dividend date was Thursday, January 30th. This represents a $1.04 annualized dividend and a dividend yield of 3.74%. Bryn Mawr Bank’s payout ratio is 33.55%.
About Bryn Mawr Bank
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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