Exclusive: Is Bryn Mawr Bank Corp.’s Fuel Running Low? The Stock Reaches 52-Week High Today

Exclusive: Is Bryn Mawr Bank Corp.'s Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Bryn Mawr Bank Corp. (NASDAQ:BMTC) hit a new 52-week high and has $39.85 target or 8.00% above today’s $36.90 share price. The 6 months bullish chart indicates low risk for the $616.37M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $39.85 price target is reached, the company will be worth $49.31M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 34,845 shares traded hands. Bryn Mawr Bank Corp. (NASDAQ:BMTC) has risen 33.16% since April 26, 2016 and is uptrending. It has outperformed by 27.90% the S&P500.

Analysts await Bryn Mawr Bank Corp. (NASDAQ:BMTC) to report earnings on January, 19. They expect $0.54 EPS, up 245.95% or $0.91 from last year’s $-0.37 per share. BMTC’s profit will be $9.02M for 17.08 P/E if the $0.54 EPS becomes a reality. After $0.55 actual EPS 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 Q2 2016. 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.
Blackrock Gru Limited holds 4,918 shares or 0% of its portfolio. Tower Bridge Advsrs accumulated 0% or 19,794 shares. Federated Invsts Pa reported 14,956 shares or 0% of all its holdings. Ativo Mngmt Limited Liability Corporation last reported 28,022 shares in the company. Blackrock Institutional Tru Na, a California-based fund reported 536,687 shares. Metropolitan Life Insurance Commerce has invested 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Banc Funds Com Limited Liability Com has 215,952 shares for 0.37% of their US portfolio. The New York-based New York State Common Retirement Fund has invested 0% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Susquehanna Group Limited Liability Partnership holds 11,199 shares or 0% of its portfolio. First Mercantile accumulated 2,100 shares or 0.01% of the stock. Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. Alliancebernstein Limited Partnership last reported 19,580 shares in the company. Fmr Limited, a Massachusetts-based fund reported 72,600 shares. Vanguard Grp holds 0% or 620,815 shares in its portfolio. Cadence Cap Management Limited Liability Company has invested 0.03% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC).

Insider Transactions: Since August 18, 2016, the stock had 0 insider purchases, and 4 selling transactions for $1.23 million net activity. $165,982 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) was sold by PETERS FREDERICK C II. 10,000 shares were sold by KEEFER JOSEPH G, worth $306,218. JOHNSON JERRY L had sold 2,500 shares worth $88,760.

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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