Dean Investment Associates LLC lowered its position in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,396 shares of the bank’s stock after selling 2,400 shares during the quarter. Dean Investment Associates LLC owned 0.38% of Bryn Mawr Bank worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Bryn Mawr Bank in the first quarter valued at approximately $105,000. Mount Yale Investment Advisors LLC acquired a new stake in Bryn Mawr Bank during the 1st quarter valued at approximately $129,000. Bank of Montreal Can acquired a new stake in Bryn Mawr Bank during the 2nd quarter valued at approximately $148,000. ClariVest Asset Management LLC acquired a new stake in Bryn Mawr Bank during the 1st quarter valued at approximately $203,000. Finally, Aperio Group LLC acquired a new stake in Bryn Mawr Bank during the 1st quarter valued at approximately $209,000. 72.81% of the stock is owned by institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, July 24th. BidaskClub downgraded shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Finally, Sandler O’Neill downgraded shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $53.67.

In other news, Director Andrea F. Gilbert sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $48.83, for a total transaction of $170,905.00. Following the completion of the sale, the director now owns 24,660 shares of the company’s stock, valued at approximately $1,204,147.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph G. Keefer sold 2,040 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $48.87, for a total transaction of $99,694.80. Following the sale, the executive vice president now directly owns 9,677 shares of the company’s stock, valued at approximately $472,914.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,540 shares of company stock valued at $712,500. Insiders own 1.95% of the company’s stock.

NASDAQ:BMTC opened at $49.00 on Friday. The company has a market cap of $983.93 million, a price-to-earnings ratio of 20.25 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. Bryn Mawr Bank Corp. has a fifty-two week low of $38.75 and a fifty-two week high of $50.35.

Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Thursday, July 19th. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). The firm had revenue of $57.39 million for the quarter, compared to analyst estimates of $53.58 million. Bryn Mawr Bank had a net margin of 15.20% and a return on equity of 11.63%. sell-side analysts expect that Bryn Mawr Bank Corp. will post 3.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Stockholders of record on Wednesday, August 1st will be given a dividend of $0.25 per share. This is an increase from Bryn Mawr Bank’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.04%. Bryn Mawr Bank’s dividend payout ratio (DPR) is 41.32%.

Bryn Mawr Bank 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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

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Institutional Ownership by Quarter for Bryn Mawr Bank (NASDAQ:BMTC)

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