Worth Watching: Time to Reconsider Bryn Mawr Bank Corp. After Making All-Time High?

Worth Watching: Time to Reconsider Bryn Mawr Bank Corp. After Making All Time High?

The stock of Bryn Mawr Bank Corp. (NASDAQ:BMTC) reached all time high today, Nov, 24 and still has $39.46 target or 9.00% above today’s $36.20 share price. This indicates more upside for the $624.42 million company. This technical setup was reported by Barchart.com. If the $39.46 PT is reached, the company will be worth $56.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.70% or $0.25 on November 23, hitting $36.2. About 69,016 shares traded hands or 59.19% up from the average. Bryn Mawr Bank Corp. (NASDAQ:BMTC) has risen 35.78% since April 22, 2016 and is uptrending. It has outperformed by 30.37% the S&P500.

Analysts await Bryn Mawr Bank Corp. (NASDAQ:BMTC) to report earnings on January, 19. They expect $0.54 earnings per share, up 245.95% or $0.91 from last year’s $-0.37 per share. BMTC’s profit will be $9.31M for 16.76 P/E if the $0.54 EPS becomes a reality. After $0.55 actual earnings per share reported by Bryn Mawr Bank Corp. for the previous quarter, Wall Street now forecasts -1.82% negative EPS growth.

According to Zacks Investment Research, “The Bryn Mawr Bank Corporation is a bank holding company.”

Insitutional Activity: The institutional sentiment increased to 1.79 in 2016 Q2. Its up 0.57, from 1.22 in 2016Q1. The ratio is positive, as 9 funds sold all Bryn Mawr Bank Corp. shares owned while 32 reduced positions. 12 funds bought stakes while 38 increased positions. They now own 11.54 million shares or 0.35% less from 11.58 million shares in 2016Q1.
Ubs Asset Mgmt Americas Inc has 10,900 shares for 0% of their US portfolio. The Florida-based Steinberg Global Asset Management has invested 0.08% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Blackrock Inv Mngmt Limited Liability Com has 0% invested in the company for 71,535 shares. Ironwood Investment Mgmt Lc holds 0.32% or 14,750 shares in its portfolio. Springbok Ltd Liability Com last reported 0.01% of its portfolio in the stock. Thompson Siegel And Walmsley Ltd has 0% invested in the company for 300 shares. Blackrock Group Limited last reported 4,918 shares in the company. Counselors Of Maryland Limited Com holds 1.04% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 652,267 shares. Spark Inv Management Ltd Com has invested 0.02% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Tower Bridge Advisors holds 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 19,794 shares. Susquehanna Ltd Liability Partnership reported 11,199 shares or 0% of all its holdings. Endeavour Capital holds 48,102 shares or 0.1% of its portfolio. First Mercantile Tru has 2,100 shares for 0.01% of their US portfolio. Tower Capital Lc (Trc) holds 500 shares or 0% of its portfolio. Credit Suisse Ag has invested 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC).

Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 4 selling transactions for $1.23 million net activity. PETERS FREDERICK C II sold 5,229 shares worth $165,982. JOHNSON JERRY L sold $88,760 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) on Tuesday, November 22. KEEFER JOSEPH G also sold $306,218 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) on Thursday, August 18.

More news for Bryn Mawr Bank Corp. (NASDAQ:BMTC) were recently published by: Nasdaq.com, which released: “Bryn Mawr Bank Corporation (BMTC) Ex-Dividend Date Scheduled for October 31, 2016” on October 28, 2016. Bizjournals.com‘s article titled: “Bryn Mawr Bank Corp. continues restructuring c-suite” and published on August 04, 2016 is yet another important article.

BMTC Company Profile

Bryn Mawr Bank Corporation, incorporated on August 8, 1986, is a holding firm for The Bryn Mawr Trust Company (the Bank). The Firm offers 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. The Firm operates through two divisions: Wealth Management and Banking. The Company’s Wealth Management segment offers various services, including trust administration, other related fiduciary services, custody, investment management and advisory services, employee benefits and individual retirement account (IRA) administration, estate settlement, tax services and brokerage.

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