Price Action Report: Could Bryn Mawr Bank Corp. Lose its Strength? The Stock Reaches All Time High

Price Action Report: Could Bryn Mawr Bank Corp. Lose its Strength? The Stock Reaches All Time High

The stock of Bryn Mawr Bank Corp. (NASDAQ:BMTC) reached all time high today, Nov, 29 and still has $40.60 target or 9.00% above today’s $37.25 share price. This indicates more upside for the $622.22M company. This technical setup was reported by Barchart.com. If the $40.60 PT is reached, the company will be worth $56.00M 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. About 53,027 shares traded hands or 18.10% up from the average. 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 earnings per share, up 245.95% or $0.91 from last year’s $-0.37 per share. BMTC’s profit will be $9.02M for 17.25 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 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.
Clarivest Asset Mgmt owns 12 shares or 0% of their US portfolio. Spark Invest Management Limited Company reported 8,000 shares or 0.02% of all its holdings. Cadence Capital Management Ltd last reported 0.03% of its portfolio in the stock. Philadelphia Trust Com accumulated 374,854 shares or 0.95% of the stock. Goldman Sachs Grp Incorporated last reported 15,465 shares in the company. Mngmt accumulated 14,000 shares or 0.69% of the stock. Phocas Fincl Corp, a California-based fund reported 150,469 shares. The Pennsylvania-based Alphaone Lc has invested 1.16% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Moreover, D E Shaw Co has 0% invested in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 46,771 shares. Macquarie Group Inc Inc Limited has 263,424 shares for 0.01% of their US portfolio. Ironwood Inv Mgmt Ltd Company has 14,750 shares for 0.32% of their US portfolio. First Trust Advisors Limited Partnership owns 24,579 shares or 0% of their US portfolio. Lsv Asset Mngmt holds 0% or 67,844 shares in its portfolio. The Georgia-based Invesco has invested 0% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Stifel last reported 200,306 shares in the company.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 4 insider sales for $1.23 million net activity. PETERS FREDERICK C II sold $673,298 worth of stock. On Thursday, August 18 the insider KEEFER JOSEPH G sold $306,218. $88,760 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) shares were sold by JOHNSON JERRY L.

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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