Bank of New York Mellon Corp Cuts Position in Bryn Mawr Bank Corp. (BMTC)

Bank of New York Mellon Corp lessened its holdings in Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 398,994 shares of the bank’s stock after selling 19,878 shares during the period. Bank of New York Mellon Corp owned approximately 1.97% of Bryn Mawr Bank worth $13,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley boosted its stake in Bryn Mawr Bank by 183.2% during the third quarter. Morgan Stanley now owns 179,062 shares of the bank’s stock worth $8,398,000 after buying an additional 115,839 shares during the period. Dean Investment Associates LLC boosted its stake in shares of Bryn Mawr Bank by 75.1% during the fourth quarter. Dean Investment Associates LLC now owns 139,356 shares of the bank’s stock valued at $4,794,000 after purchasing an additional 59,770 shares during the period. AltraVue Capital LLC purchased a new stake in shares of Bryn Mawr Bank during the fourth quarter valued at $4,772,000. Mutual of America Capital Management LLC boosted its stake in shares of Bryn Mawr Bank by 3.3% during the third quarter. Mutual of America Capital Management LLC now owns 159,203 shares of the bank’s stock valued at $7,467,000 after purchasing an additional 5,133 shares during the period. Finally, Matarin Capital Management LLC purchased a new stake in shares of Bryn Mawr Bank during the third quarter valued at $1,226,000. Institutional investors own 75.99% of the company’s stock.

A number of brokerages have recently issued reports on BMTC. BidaskClub lowered shares of Bryn Mawr Bank from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 26th. FIG Partners reissued an “outperform” rating on shares of Bryn Mawr Bank in a research note on Tuesday. Zacks Investment Research lowered shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Boenning Scattergood reissued a “hold” rating on shares of Bryn Mawr Bank in a research note on Friday, January 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.33.

NASDAQ:BMTC traded up $0.59 during mid-day trading on Friday, reaching $37.47. The company’s stock had a trading volume of 26,782 shares, compared to its average volume of 49,124. Bryn Mawr Bank Corp. has a 1 year low of $32.84 and a 1 year high of $50.35. The firm has a market cap of $755.51 million, a PE ratio of 10.83 and a beta of 0.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.90.

Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). Bryn Mawr Bank had a return on equity of 11.85% and a net margin of 22.62%. The business had revenue of $56.90 million during the quarter, compared to analysts’ expectations of $55.60 million. Sell-side analysts anticipate that Bryn Mawr Bank Corp. will post 3.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, April 30th. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 28.90%.

In related news, Director Scott Mahaley Jenkins sold 4,475 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $40.03, for a total value of $179,134.25. Following the completion of the sale, the director now directly owns 18,114 shares of the company’s stock, valued at $725,103.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.39% of the stock is owned by corporate insiders.

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

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