Is Buying Bryn Mawr Bank Corporation (NASDAQ:BMTC) Here Good Idea?

September 17, 2017 - By Linda Rogers

 Is Buying Bryn Mawr Bank Corporation (NASDAQ:BMTC) Here Good Idea?

Investors sentiment decreased to 1.38 in Q4 2016. Its down 0.41, from 1.79 in 2016Q3. It dropped, 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.
Royal Financial Bank Of Canada accumulated 1,054 shares. 69 are held by Sei Invs. First Mercantile Co reported 2,100 shares. Thompson Siegel Walmsley Ltd Liability Company owns 0% invested in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 300 shares. 7,143 were accumulated by Citadel Advisors Ltd Co. 41,004 were reported by D E Shaw Inc. State Board Of Administration Of Florida Retirement Systems holds 0% or 5,718 shares in its portfolio. Blackrock Incorporated stated it has 4,268 shares or 0% of all its holdings. Lord Abbett & Ltd stated it has 0.01% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Moreover, Tower Rech Limited Company (Trc) has 0% invested in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Manufacturers Life Insurance The reported 0.03% stake. Nationwide Fund Advisors invested 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Price T Rowe Md reported 0% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Vantage Advisors Ltd Liability Corporation holds 50 shares or 0% of its portfolio. Moreover, Polaris Capital Management has 0.15% invested in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 54,146 shares.

The stock of Bryn Mawr Bank Corporation (NASDAQ:BMTC) registered an increase of 2.27% in short interest. BMTC’s total short interest was 697,300 shares in September as published by FINRA. Its up 2.27% from 681,800 shares, reported previously. With 32,800 shares average volume, it will take short sellers 21 days to cover their BMTC’s short positions. The short interest to Bryn Mawr Bank Corporation’s float is 4.28%.

The stock increased 1.25% or $0.5 on September 15, reaching $40.65. About 75,790 shares traded or 103.60% up from the average. Bryn Mawr Bank Corp. (NASDAQ:BMTC) has risen 41.55% since September 17, 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 $691.09 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 18.71 P/E ratio. The Company’s divisions include Banking and Wealth Management.

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

Among 4 analysts covering Bryn Mawr Bank (NASDAQ:BMTC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Bryn Mawr Bank had 6 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Monday, August 31 by Zacks. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, July 21. As per Tuesday, January 10, the company rating was downgraded by FIG Partners. Keefe Bruyette & Woods maintained the shares of BMTC in report on Monday, June 26 with “Buy” rating. The company was upgraded on Monday, July 24 by Boenning \u0026 Scattergood.

More important recent Bryn Mawr Bank Corp. (NASDAQ:BMTC) news were published by: Seekingalpha.com which released: “Bryn Mawr Trust to buy Royal Bancshares” on January 31, 2017, also Bizjournals.com published article titled: “Main Line bank launches mutual fund”, Globenewswire.com published: “Bryn Mawr Trust Launches Payment Tools for Customers On-the-Go” on August 15, 2017. More interesting news about Bryn Mawr Bank Corp. (NASDAQ:BMTC) was released by: Bizjournals.com and their article: “Bryn Mawr Bank agrees to invest in region’s only African American-owned bank” with publication date: August 21, 2017.

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