Eagle Asset Management Inc. acquired a new position in Bryn Mawr Bank Corporation (NASDAQ:BMTC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,415 shares of the bank’s stock, valued at approximately $2,482,000. Eagle Asset Management Inc. owned approximately 0.34% of Bryn Mawr Bank Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Legal & General Group Plc raised its position in Bryn Mawr Bank Corporation by 4.1% in the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock worth $181,000 after acquiring an additional 167 shares in the last quarter. Federated Investors Inc. PA raised its position in Bryn Mawr Bank Corporation by 5.5% in the second quarter. Federated Investors Inc. PA now owns 7,528 shares of the bank’s stock worth $320,000 after acquiring an additional 395 shares in the last quarter. Rhumbline Advisers raised its position in Bryn Mawr Bank Corporation by 2.7% in the second quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock worth $852,000 after acquiring an additional 520 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Bryn Mawr Bank Corporation by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock worth $151,000 after acquiring an additional 532 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Bryn Mawr Bank Corporation by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 35,676 shares of the bank’s stock worth $1,504,000 after acquiring an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub cut Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Boenning Scattergood upgraded 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. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price objective on shares of Bryn Mawr Bank Corporation in a research report on Sunday, July 23rd. Finally, ValuEngine upgraded Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $48.00.

In other 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 value of $153,125.00. Following the sale, the director now owns 13,908 shares of the company’s stock, valued at approximately $608,475. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is currently owned by insiders.

Bryn Mawr Bank Corporation (NASDAQ BMTC) opened at 39.40 on Monday. Bryn Mawr Bank Corporation has a 52-week low of $29.50 and a 52-week high of $44.40. The firm has a 50-day moving average price of $41.44 and a 200 day moving average price of $41.22. The stock has a market cap of $669.84 million, a PE ratio of 18.16 and a beta of 0.62.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a return on equity of 9.96% and a net margin of 21.17%. The company had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.40 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Bryn Mawr Bank Corporation will post $2.40 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Monday, July 31st. This is an increase from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. Bryn Mawr Bank Corporation’s payout ratio is currently 40.37%.

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About Bryn Mawr Bank Corporation

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.

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

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