Bessemer Group Inc. grew its position in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 472.4% in the fourth quarter, HoldingsChannel reports. The firm owned 33,200 shares of the bank’s stock after buying an additional 27,400 shares during the quarter. Bessemer Group Inc.’s holdings in Bryn Mawr Bank were worth $1,142,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of BMTC. Russell Investments Group Ltd. increased its position in shares of Bryn Mawr Bank by 26.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 32,201 shares of the bank’s stock worth $1,510,000 after purchasing an additional 6,830 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Bryn Mawr Bank during the 3rd quarter worth approximately $214,000. Wells Fargo & Company MN increased its position in shares of Bryn Mawr Bank by 2.3% during the 3rd quarter. Wells Fargo & Company MN now owns 75,015 shares of the bank’s stock worth $3,519,000 after purchasing an additional 1,680 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of Bryn Mawr Bank by 242.2% during the 3rd quarter. ClariVest Asset Management LLC now owns 15,813 shares of the bank’s stock worth $742,000 after purchasing an additional 11,192 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Bryn Mawr Bank by 22.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 89,049 shares of the bank’s stock worth $4,176,000 after purchasing an additional 16,533 shares during the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.
BMTC stock opened at $38.51 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The company has a market cap of $775.07 million, a P/E ratio of 11.13 and a beta of 0.75. Bryn Mawr Bank Corp. has a 1-year low of $32.84 and a 1-year high of $50.35.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Thursday, January 31st. Bryn Mawr Bank’s dividend payout ratio is 28.90%.
In other Bryn Mawr Bank news, Director Scott Mahaley Jenkins sold 4,475 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $40.03, for a total value of $179,134.25. Following the transaction, the director now directly owns 18,114 shares of the company’s stock, valued at approximately $725,103.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.95% of the company’s stock.
Several research analysts have weighed in on BMTC shares. Zacks Investment Research lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Keefe, Bruyette & Woods lowered Bryn Mawr Bank from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $55.00 to $44.00 in a report on Tuesday, January 22nd. Finally, BidaskClub raised Bryn Mawr Bank from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Bryn Mawr Bank presently has an average rating of “Hold” and a consensus target price of $48.33.
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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.
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