Short Interest Change: Could Bryn Mawr Bank Corporation (NASDAQ:BMTC) Go Up After Its Newest Short Interest Report?

November 28, 2016 - By Louis Casey   ·   0 Comments

Short Interest Change: Could Bryn Mawr Bank Corporation (NASDAQ:BMTC) Go Up After Its Newest Short Interest Report?

The stock of Bryn Mawr Bank Corporation (NASDAQ:BMTC) registered an increase of 1.2% in short interest. BMTC’s total short interest was 253,500 shares in November as published by FINRA. Its up 1.2% from 250,500 shares, reported previously. With 25,800 shares average volume, it will take short sellers 10 days to cover their BMTC’s short positions. The short interest to Bryn Mawr Bank Corporation’s float is 1.57%. The stock increased 0.41% or $0.15 on November 25, hitting $36.35. Bryn Mawr Bank Corp. (NASDAQ:BMTC) has risen 36.40% since April 25, 2016 and is uptrending. It has outperformed by 30.38% the S&P500.

Bryn Mawr Bank Corporation is a holding firm for The Bryn Mawr Trust Company . The company has a market cap of $617.34 million. 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. It has a 30.49 P/E ratio. The Firm operates through two divisions: Wealth Management and Banking.

Insitutional Activity: The institutional sentiment increased to 1.79 in Q2 2016. Its up 0.57, from 1.22 in 2016Q1. The ratio improved, 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 Capital Ltd Liability holds 0.01% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 2,500 shares. Endeavour Cap Advsr last reported 48,102 shares in the company. Ladenburg Thalmann Fin Svcs accumulated 0% or 2,436 shares. Ativo Cap Management Limited Liability Com last reported 28,022 shares in the company. First Mercantile owns 2,100 shares or 0.01% of their US portfolio. Panagora Asset holds 0% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC) for 1,986 shares. Teacher Retirement Systems Of Texas has 0% invested in the company for 4,215 shares. The California-based Blackrock Fund has invested 0% in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Univest Corporation Of Pennsylvania holds 0.2% or 15,120 shares in its portfolio. Deprince Race & Zollo holds 0.13% or 213,919 shares in its portfolio. Investment Counselors Of Maryland accumulated 1.04% or 652,267 shares. Emerald Advisers Inc Pa has invested 0.05% of its portfolio in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Blackrock Advsrs Limited Liability Company reported 9,074 shares or 0% of all its holdings. Spark Mngmt Ltd Com holds 0.02% or 8,000 shares in its portfolio. Bnp Paribas Arbitrage Sa, a New York-based fund reported 651 shares.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 4 sales for $1.23 million net activity. 10,000 shares were sold by KEEFER JOSEPH G, worth $306,218 on Thursday, August 18. $165,982 worth of Bryn Mawr Bank Corp. (NASDAQ:BMTC) was sold by PETERS FREDERICK C II. The insider JOHNSON JERRY L sold $88,760.

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.

More recent Bryn Mawr Bank Corp. (NASDAQ:BMTC) news were published by: Nasdaq.com which released: “Bryn Mawr Bank Corporation (BMTC) Ex-Dividend Date Scheduled for October 31, 2016” on October 28, 2016. Also Bizjournals.com published the news titled: “Bryn Mawr Bank Corp. continues restructuring c-suite” on August 04, 2016. Globenewswire.com‘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.

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By Louis Casey


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