Stock Worth Mentioning Today: Today Bryn Mawr Bank Corp. Stock Reaches 52-Week High

Stock Worth Mentioning Today: Today Bryn Mawr Bank Corp. Stock Reaches 52 Week High

The stock of Bryn Mawr Bank Corp. (NASDAQ:BMTC) hit a new 52-week high and has $51.68 target or 59.00% above today’s $32.50 share price. The 6 months bullish chart indicates low risk for the $555.87M company. The 1-year high was reported on Nov, 9 by If the $51.68 price target is reached, the company will be worth $327.96 million 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 57,868 shares traded hands or 88.16% up from the average. Bryn Mawr Bank Corp. (NASDAQ:BMTC) has risen 26.05% since April 7, 2016 and is uptrending. It has outperformed by 21.27% the S&P500.

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

Insitutional Activity: The institutional sentiment decreased to 1.22 in Q2 2016. Its down 0.46, from 1.68 in 2016Q1. The ratio dived, 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.
Moreover, Polaris Mngmt Limited Liability Com has 0.14% invested in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 54,146 shares. Highlander Management Limited Co holds 0.04% or 1,500 shares in its portfolio. Huntington Savings Bank holds 0% or 257 shares in its portfolio. Moreover, Systematic Fincl Management L P has 0.02% invested in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 44,259 shares. Parametric Port Assocs Ltd Liability Corporation accumulated 18,249 shares or 0% of the stock. Ladenburg Thalmann Finance Serv Inc accumulated 0% or 2,436 shares. Bryn Mawr Tru last reported 130,882 shares in the company. Federated Investors Incorporated Pa accumulated 14,956 shares or 0% of the stock. Metropolitan Life Ins Ny holds 12,392 shares or 0% of its portfolio. Wells Fargo & Mn accumulated 0% or 41,270 shares. Janney Montgomery Scott Limited Liability Co has invested 0.02% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Vanguard Grp Inc holds 620,815 shares or 0% of its portfolio. Blackrock Group Ltd last reported 0% of its portfolio in the stock. Moreover, Emerald Advisers Pa has 0.05% invested in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 38,717 shares. Rhumbline Advisers has 0% invested in the company for 19,906 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 3 selling transactions for $1.15 million net activity. $121,550 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) was sold by Halberstadt Geoffrey L. Another trade for 2,000 shares valued at $56,600 was bought by Clement Michael Joseph. KEEFER JOSEPH G sold $306,218 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) on Thursday, August 18. The insider PETERS FREDERICK C II sold 5,229 shares worth $165,982.

More recent Bryn Mawr Bank Corp. (NASDAQ:BMTC) news were published by: which released: “Bryn Mawr Bank Corporation (BMTC) Ex-Dividend Date Scheduled for October 31, 2016” on October 28, 2016. Also published the news titled: “Bryn Mawr Bank Corp. continues restructuring c-suite” on August 04, 2016.‘s news article titled: “Bryn Mawr Bank Corporation Completes Merger With Continental Bank Holdings, Inc.” with publication date: January 02, 2015 was also an interesting one.

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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