Cornerstone Capital Management Holdings LLC. Buys Shares of 2,400 Bryn Mawr Bank Co. (BMTC)

Cornerstone Capital Management Holdings LLC. bought a new stake in Bryn Mawr Bank Co. (NASDAQ:BMTC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,400 shares of the bank’s stock, valued at approximately $105,000.

Several other institutional investors also recently modified their holdings of the company. American International Group Inc. raised its stake in shares of Bryn Mawr Bank by 12.2% in the 4th quarter. American International Group Inc. now owns 12,610 shares of the bank’s stock valued at $557,000 after purchasing an additional 1,369 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Bryn Mawr Bank by 66.0% in the 4th quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock valued at $165,000 after purchasing an additional 1,486 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Bryn Mawr Bank by 2.8% in the 4th quarter. Eagle Asset Management Inc. now owns 63,685 shares of the bank’s stock valued at $2,814,000 after purchasing an additional 1,754 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Bryn Mawr Bank by 47.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,605 shares of the bank’s stock valued at $245,000 after purchasing an additional 1,793 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Bryn Mawr Bank by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 702,322 shares of the bank’s stock valued at $31,042,000 after purchasing an additional 2,087 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

How to Become a New Pot Stock Millionaire

In related news, COO Alison Eichert sold 9,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $45.19, for a total transaction of $406,710.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wendell F. Holland sold 3,500 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.03, for a total transaction of $157,605.00. Following the sale, the director now owns 17,654 shares in the company, valued at approximately $794,959.62. The disclosure for this sale can be found here. 1.95% of the stock is owned by corporate insiders.

BMTC has been the topic of several research reports. Zacks Investment Research lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating in a research note on Thursday, March 29th. Finally, Boenning Scattergood reiterated a “buy” rating and set a $50.00 price objective on shares of Bryn Mawr Bank in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $48.67.

BMTC opened at $43.60 on Friday. The stock has a market cap of $900.82, a P/E ratio of 18.02 and a beta of 0.60. Bryn Mawr Bank Co. has a fifty-two week low of $38.50 and a fifty-two week high of $47.20. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings data on Monday, January 29th. The bank reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $45.86 million for the quarter, compared to analyst estimates of $45.47 million. Bryn Mawr Bank had a return on equity of 9.71% and a net margin of 12.20%. sell-side analysts predict that Bryn Mawr Bank Co. will post 3.07 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3337288/cornerstone-capital-management-holdings-llc-buys-shares-of-2400-bryn-mawr-bank-co-bmtc.html.

Bryn Mawr Bank 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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

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

Receive News & Ratings for Bryn Mawr Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Comparing On Assignment  & Its Competitors
Comparing On Assignment & Its Competitors
Financial Survey: Container Store Group  versus Bed Bath & Beyond
Financial Survey: Container Store Group versus Bed Bath & Beyond
Financial Analysis: Methode Electronics  and Amphenol
Financial Analysis: Methode Electronics and Amphenol
Analysts Expect Silicon Labs  Will Post Earnings of $0.76 Per Share
Analysts Expect Silicon Labs Will Post Earnings of $0.76 Per Share
Bitair Trading Up 17.7% This Week
Bitair Trading Up 17.7% This Week
DIMCOIN  Price Down 8% This Week
DIMCOIN Price Down 8% This Week


© 2006-2018 Ticker Report. Google+.