SG Americas Securities LLC Raises Stock Position in Bryn Mawr Bank Co. (NASDAQ:BMTC)

SG Americas Securities LLC grew its holdings in Bryn Mawr Bank Co. (NASDAQ:BMTC) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,729 shares of the bank’s stock after acquiring an additional 514 shares during the period. SG Americas Securities LLC owned about 0.06% of Bryn Mawr Bank worth $585,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. grew its holdings in Bryn Mawr Bank by 51.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 12,391 shares of the bank’s stock valued at $524,000 after purchasing an additional 4,222 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Bryn Mawr Bank by 783.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 31,050 shares of the bank’s stock valued at $1,309,000 after purchasing an additional 27,536 shares in the last quarter. US Bancorp DE grew its holdings in Bryn Mawr Bank by 80.3% during the 2nd quarter. US Bancorp DE now owns 768 shares of the bank’s stock valued at $32,000 after purchasing an additional 342 shares in the last quarter. American Century Companies Inc. acquired a new stake in Bryn Mawr Bank during the 2nd quarter valued at $550,000. Finally, Rafferty Asset Management LLC grew its holdings in Bryn Mawr Bank by 77.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 16,857 shares of the bank’s stock valued at $711,000 after purchasing an additional 7,368 shares in the last quarter. 80.88% of the stock is currently owned by institutional investors and hedge funds.

In other news, CAO Michael Laplante sold 1,500 shares of Bryn Mawr Bank stock in a transaction dated Wednesday, October 27th. The shares were sold at an average price of $47.37, for a total value of $71,055.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Britton Murdoch sold 10,821 shares of Bryn Mawr Bank stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $49.22, for a total transaction of $532,609.62. The disclosure for this sale can be found here. 1.38% of the stock is owned by company insiders.

Shares of BMTC stock opened at $45.01 on Friday. The firm has a market cap of $895.74 million, a P/E ratio of 12.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93. Bryn Mawr Bank Co. has a 1-year low of $29.71 and a 1-year high of $50.29. The firm has a fifty day moving average of $45.98 and a two-hundred day moving average of $43.51.

Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings data on Wednesday, October 20th. The bank reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.19. The company had revenue of $57.47 million during the quarter. Bryn Mawr Bank had a net margin of 30.63% and a return on equity of 11.35%. On average, sell-side analysts expect that Bryn Mawr Bank Co. will post 2.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Monday, November 1st were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.49%. The ex-dividend date was Friday, October 29th. Bryn Mawr Bank’s dividend payout ratio is currently 31.03%.

Separately, Keefe, Bruyette & Woods lowered shares of Bryn Mawr Bank from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a report on Tuesday, October 26th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.67.

Bryn Mawr Bank Company Profile

Bryn Mawr Bank Corp. is engaged in the provision of personal and business banking services. It also offers consumer & commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust & estate administration, retirement planning, custody services and tax planning and preparation.

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

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