Kistler Tiffany Companies LLC Boosts Stake in Bryn Mawr Bank Corp. (BMTC)
Kistler Tiffany Companies LLC grew its holdings in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 141.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,897 shares of the bank’s stock after purchasing an additional 3,455 shares during the period. Kistler Tiffany Companies LLC’s holdings in Bryn Mawr Bank were worth $261,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of BMTC. SG Americas Securities LLC purchased a new position in Bryn Mawr Bank during the third quarter valued at approximately $133,000. Legal & General Group Plc grew its stake in Bryn Mawr Bank by 4.1% during the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after acquiring an additional 167 shares in the last quarter. Citigroup Inc. grew its stake in Bryn Mawr Bank by 83.6% during the second quarter. Citigroup Inc. now owns 4,724 shares of the bank’s stock valued at $201,000 after acquiring an additional 2,151 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Bryn Mawr Bank by 47.0% during the third 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 in the last quarter. Finally, QS Investors LLC purchased a new position in Bryn Mawr Bank during the second quarter valued at approximately $243,000. 69.80% of the stock is currently owned by institutional investors.
Bryn Mawr Bank Corp. (NASDAQ BMTC) traded up $0.35 during mid-day trading on Thursday, reaching $45.35. 38,600 shares of the company’s stock were exchanged, compared to its average volume of 75,571. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. Bryn Mawr Bank Corp. has a fifty-two week low of $36.80 and a fifty-two week high of $46.55. The stock has a market cap of $767.26, a PE ratio of 20.16 and a beta of 0.62.
Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. Bryn Mawr Bank had a net margin of 21.29% and a return on equity of 10.15%. The business had revenue of $45.02 million during the quarter, compared to analysts’ expectations of $46.85 million. sell-side analysts forecast that Bryn Mawr Bank Corp. will post 2.44 earnings per share for the current fiscal year.
In other Bryn Mawr Bank news, EVP Joseph G. Keefer sold 11,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total value of $508,070.00. Following the completion of the transaction, the executive vice president now owns 19,925 shares of the company’s stock, valued at approximately $880,286.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.31% of the stock is owned by insiders.
Several equities analysts recently commented on BMTC shares. Zacks Investment Research cut shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. ValuEngine cut shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, BidaskClub cut shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $49.33.
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Bryn Mawr Bank Company 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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