Bryn Mawr Bank Corp. (BMTC) Director Michael Joseph Clement Buys 2,800 Shares of Stock

Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Michael Joseph Clement purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $43.84 per share, for a total transaction of $122,752.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up $0.90 on Friday, reaching $44.00. 54,013 shares of the company’s stock traded hands, compared to its average volume of 56,914. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.41. The company has a market cap of $868.97, a PE ratio of 32.59 and a beta of 0.59. Bryn Mawr Bank Corp. has a 1-year low of $36.80 and a 1-year high of $46.90.

Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Monday, January 29th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). The company had revenue of $45.86 million for the quarter, compared to the consensus estimate of $45.47 million. Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 10.53%. research analysts forecast that Bryn Mawr Bank Corp. will post 3.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, February 8th. Bryn Mawr Bank’s dividend payout ratio is currently 65.19%.

BMTC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, February 1st. Boenning Scattergood reiterated a “buy” rating and issued a $50.00 price target on shares of Bryn Mawr Bank in a research note on Monday, January 29th. ValuEngine cut shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, BidaskClub upgraded shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $49.00.

A number of institutional investors and hedge funds have recently bought and sold shares of BMTC. Schwab Charles Investment Management Inc. lifted its stake in Bryn Mawr Bank by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 74,842 shares of the bank’s stock valued at $3,181,000 after acquiring an additional 930 shares during the period. Legal & General Group Plc lifted its stake in Bryn Mawr Bank by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after acquiring an additional 167 shares during the period. Principal Financial Group Inc. bought a new position in Bryn Mawr Bank during the 2nd quarter valued at about $271,000. Swiss National Bank lifted its stake in Bryn Mawr Bank by 10.2% during the 2nd quarter. Swiss National Bank now owns 28,200 shares of the bank’s stock valued at $1,199,000 after acquiring an additional 2,600 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Bryn Mawr Bank by 192.8% during the 2nd quarter. Wells Fargo & Company MN now owns 57,521 shares of the bank’s stock valued at $2,445,000 after acquiring an additional 37,877 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

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About Bryn Mawr Bank

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.

Insider Buying and Selling by Quarter for Bryn Mawr Bank (NASDAQ:BMTC)

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