Maltese Capital Management LLC Has $6.58 Million Stake in Bryn Mawr Bank Corp. (BMTC)
Maltese Capital Management LLC grew its holdings in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,900 shares of the bank’s stock after purchasing an additional 3,900 shares during the period. Maltese Capital Management LLC’s holdings in Bryn Mawr Bank were worth $6,581,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Bryn Mawr Bank by 158.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 40,766 shares of the bank’s stock valued at $1,732,000 after purchasing an additional 25,012 shares during the last quarter. State Street Corp raised its stake in Bryn Mawr Bank by 5.2% in the 2nd quarter. State Street Corp now owns 298,781 shares of the bank’s stock worth $12,704,000 after acquiring an additional 14,854 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in Bryn Mawr Bank by 141.5% in the 4th quarter. Kistler Tiffany Companies LLC now owns 5,897 shares of the bank’s stock worth $261,000 after acquiring an additional 3,455 shares during the last quarter. Northern Trust Corp raised its stake in Bryn Mawr Bank by 4.2% in the 2nd quarter. Northern Trust Corp now owns 254,971 shares of the bank’s stock worth $10,837,000 after acquiring an additional 10,266 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Bryn Mawr Bank in the 2nd quarter worth $361,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, February 1st. Boenning Scattergood restated a “buy” rating and issued a $50.00 target price on shares of Bryn Mawr Bank in a research note on Monday, January 29th. Finally, ValuEngine lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bryn Mawr Bank presently has a consensus rating of “Buy” and a consensus target price of $49.00.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its earnings results on Monday, January 29th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $45.86 million during the quarter, compared to analysts’ expectations of $45.47 million. Bryn Mawr Bank had a return on equity of 10.53% and a net margin of 12.20%. analysts forecast that Bryn Mawr Bank Corp. will post 3.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, February 8th. Bryn Mawr Bank’s dividend payout ratio is currently 65.19%.
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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