Stifel Financial Corp Increases Stake in Bryn Mawr Bank Corporation (BMTC)
Stifel Financial Corp grew its stake in shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338,111 shares of the bank’s stock after purchasing an additional 39,601 shares during the period. Stifel Financial Corp owned approximately 1.99% of Bryn Mawr Bank Corporation worth $14,380,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System boosted its stake in shares of Bryn Mawr Bank Corporation by 24.5% during the 1st quarter. California Public Employees Retirement System now owns 30,500 shares of the bank’s stock valued at $1,205,000 after purchasing an additional 6,000 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Bryn Mawr Bank Corporation by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after purchasing an additional 532 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Bryn Mawr Bank Corporation during the 2nd quarter valued at about $1,279,000. Teachers Advisors LLC boosted its stake in shares of Bryn Mawr Bank Corporation by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 36,323 shares of the bank’s stock valued at $1,435,000 after purchasing an additional 647 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. boosted its stake in shares of Bryn Mawr Bank Corporation by 2.9% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 128,225 shares of the bank’s stock valued at $5,450,000 after purchasing an additional 3,600 shares in the last quarter. 79.19% of the stock is currently owned by hedge funds and other institutional investors.
In other Bryn Mawr Bank Corporation news, Director Scott Mahaley Jenkins sold 3,500 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $43.75, for a total transaction of $153,125.00. Following the transaction, the director now directly owns 13,908 shares in the company, valued at approximately $608,475. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on BMTC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 target price on shares of Bryn Mawr Bank Corporation in a research note on Sunday, July 23rd. Zacks Investment Research lowered shares of Bryn Mawr Bank Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, July 24th. Finally, BidaskClub lowered shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $48.00.
Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) opened at 43.80 on Friday. The company has a market cap of $744.64 million, a price-to-earnings ratio of 20.18 and a beta of 0.62. Bryn Mawr Bank Corporation has a 1-year low of $29.50 and a 1-year high of $44.40. The company’s 50-day moving average is $41.01 and its 200 day moving average is $41.18.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last issued its earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The company had revenue of $42.75 million for the quarter, compared to analysts’ expectations of $42.40 million. During the same period in the prior year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Bryn Mawr Bank Corporation will post $2.40 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 2nd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.01%. This is a boost from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, July 31st. Bryn Mawr Bank Corporation’s dividend payout ratio is presently 40.37%.
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About Bryn Mawr Bank Corporation
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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