Citadel Advisors LLC bought a new position in shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,398 shares of the bank’s stock, valued at approximately $612,000. Citadel Advisors LLC owned 0.08% of Bryn Mawr Bank Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of BMTC. SG Americas Securities LLC acquired a new stake in shares of Bryn Mawr Bank Corporation in the 1st quarter worth about $134,000. Public Employees Retirement System of Ohio grew its position in Bryn Mawr Bank Corporation by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after buying an additional 532 shares in the last quarter. Legal & General Group Plc grew its position in Bryn Mawr Bank Corporation by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after buying an additional 167 shares in the last quarter. Citigroup Inc. grew its position in Bryn Mawr Bank Corporation by 83.6% in the 2nd quarter. Citigroup Inc. now owns 4,724 shares of the bank’s stock valued at $201,000 after buying an additional 2,151 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Bryn Mawr Bank Corporation in the 2nd quarter valued at about $205,000. 79.19% of the stock is currently owned by institutional investors.
Bryn Mawr Bank Corporation (NASDAQ BMTC) opened at 44.60 on Tuesday. Bryn Mawr Bank Corporation has a 12 month low of $29.50 and a 12 month high of $44.85. The company has a market cap of $758.24 million, a price-to-earnings ratio of 20.55 and a beta of 0.63. The company’s 50-day moving average is $42.07 and its 200 day moving average is $41.71.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The business had revenue of $42.75 million for the quarter, compared to analyst estimates of $42.40 million. Bryn Mawr Bank Corporation had a return on equity of 9.96% and a net margin of 21.17%. Bryn Mawr Bank Corporation’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. Equities analysts forecast that Bryn Mawr Bank Corporation will post $2.40 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Boenning Scattergood upgraded shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Bryn Mawr Bank Corporation has an average rating of “Hold” and a consensus target price of $48.50.
In related news, Director Scott Mahaley Jenkins sold 3,500 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $43.75, for a total transaction of $153,125.00. Following the sale, the director now directly owns 13,908 shares in the company, valued at approximately $608,475. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.31% of the company’s stock.
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Bryn Mawr Bank Corporation 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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