Could Bryn Mawr Bank Corporation (NASDAQ:BMTC) Skyrocket? The Stock Has Too Many Sellers

June 19, 2017 - By Clifton Ray

 Could Bryn Mawr Bank Corporation (NASDAQ:BMTC) Skyrocket? The Stock Has Too Many Sellers

Investors sentiment decreased to 1.38 in Q4 2016. Its down 0.41, from 1.79 in 2016Q3. It dived, as 3 investors sold Bryn Mawr Bank Corp. shares while 36 reduced holdings. 14 funds opened positions while 40 raised stakes. 12.13 million shares or 5.26% more from 11.52 million shares in 2016Q3 were reported.
Mutual Of America Capital Management Llc has invested 0.11% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Invesco Ltd holds 0% or 15,367 shares. Crawford Counsel reported 84,204 shares. Prelude Capital Mngmt Limited Liability Com reported 400 shares stake. Jpmorgan Chase And, a New York-based fund reported 92,795 shares. Blackrock Inv Limited Liability has invested 0% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Tower Rech Cap Ltd (Trc) reported 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Price T Rowe Associate Md has invested 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Clarivest Asset Mgmt Ltd reported 0% stake. State Board Of Administration Of Florida Retirement System invested in 0% or 5,718 shares. Bancshares Of Mellon Corporation owns 470,432 shares. Northern Trust invested in 0% or 234,394 shares. Phocas accumulated 0.88% or 315,371 shares. First Tru Advsr L P invested 0.01% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Bnp Paribas Arbitrage stated it has 0% in Bryn Mawr Bank Corp. (NASDAQ:BMTC).

Since February 14, 2017, it had 1 buy, and 2 sales for $469,266 activity. Harrington Michael W had bought 1,000 shares worth $41,060 on Tuesday, February 14. $143,586 worth of stock was sold by HOLLAND WENDELL F on Tuesday, February 14. Another trade for 9,000 shares valued at $366,740 was made by KEEFER JOSEPH G on Tuesday, February 14.

The stock of Bryn Mawr Bank Corporation (NASDAQ:BMTC) registered an increase of 8.15% in short interest. BMTC’s total short interest was 546,800 shares in June as published by FINRA. Its up 8.15% from 505,600 shares, reported previously. With 65,200 shares average volume, it will take short sellers 8 days to cover their BMTC’s short positions. The short interest to Bryn Mawr Bank Corporation’s float is 3.35%.

It closed at $41.55 lastly. It is down 41.55% since June 19, 2016 and is uptrending. It has outperformed by 24.85% the S&P500.

Bryn Mawr Bank Corporation is the bank holding firm of the Bryn Mawr Trust Company . The company has market cap of $689.25 million. The Firm 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. It has a 19.37 P/E ratio. The Company’s divisions include Banking and Wealth Management.

Bryn Mawr Bank Corp. (NASDAQ:BMTC) Ratings Coverage

Among 2 analysts covering Bryn Mawr Bank (NASDAQ:BMTC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Bryn Mawr Bank had 3 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by FIG Partners on Tuesday, January 10 to “Market Perform”. The firm has “Sell” rating given on Monday, August 31 by Zacks.

More important recent Bryn Mawr Bank Corp. (NASDAQ:BMTC) news were published by: Nasdaq.com which released: “Bryn Mawr Trust Appoints Patrick Killeen As Chief Risk Officer and Senior Vice …” on June 15, 2017, also Streetinsider.com published article titled: “Bryn Mawr Bank (BMTC) Agrees to Acquire Hirshorn Boothby”, Bizjournals.com published: “Bryn Mawr Bank Corp. continues restructuring c-suite” on August 04, 2016. More interesting news about Bryn Mawr Bank Corp. (NASDAQ:BMTC) was released by: Globenewswire.com and their article: “Bryn Mawr Trust Completes Acquisition of Hirshorn Boothby” with publication date: May 24, 2017.

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