The stock of Bryn Mawr Bank Corp. (NASDAQ:BMTC) reached all time high today, Nov, 14 and still has $48.51 target or 40.00% above today’s $34.65 share price. This indicates more upside for the $608.28 million company. This technical setup was reported by Barchart.com. If the $48.51 PT is reached, the company will be worth $243.31 million 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 34,771 shares traded hands. Bryn Mawr Bank Corp. (NASDAQ:BMTC) has risen 34.38% since April 12, 2016 and is uptrending. It has outperformed by 29.40% 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 is negative, 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.
Springbok Cap holds 2,500 shares or 0.01% of its portfolio. Gsa Cap Prtnrs Limited Liability Partnership accumulated 7,498 shares or 0.01% of the stock. Blackrock Advisors Limited Liability, a Delaware-based fund reported 9,074 shares. Legal & General Grp Incorporated Public Limited Com has invested 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Champlain Invest Prtn Ltd Co last reported 970,720 shares in the company. Inv Counselors Of Maryland Ltd Liability Company has invested 1.04% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Goldman Sachs Gp Inc last reported 15,465 shares in the company. State Bank Of Montreal Can, a Ontario – Canada-based fund reported 5,856 shares. Schwab Charles Investment Inc has 63,654 shares for 0% of their US portfolio. Pub Employees Retirement Association Of Colorado holds 12,534 shares or 0% of its portfolio. Parametric Llc owns 18,249 shares or 0% of their US portfolio. Clarivest Asset Mngmt Limited has invested 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Blackrock Fund Advsr owns 431,207 shares or 0% of their US portfolio. First Republic Investment Mngmt Incorporated last reported 11,631 shares in the company. Ladenburg Thalmann Ser holds 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 2,436 shares.
Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 3 sales for $1.15 million net activity. PETERS FREDERICK C II sold $165,982 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) on Friday, August 26. On Thursday, August 18 KEEFER JOSEPH G sold $306,218 worth of the stock or 10,000 shares.
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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