Strid Group Lowers stake in Bryn Mawr Bank Corp. (BMTC)

Bryn Mawr Bank Corp. (BMTC) : Strid Group reduced its stake in Bryn Mawr Bank Corp. by 0.26% during the most recent quarter end. The investment management company now holds a total of 10,070 shares of Bryn Mawr Bank Corp. which is valued at $280,852 after selling 26 shares in Bryn Mawr Bank Corp. , the firm said in a disclosure report filed with the SEC on May 10, 2016.Bryn Mawr Bank Corp. makes up approximately 0.18% of Strid Group’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in BMTC in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 22,300 shares of Bryn Mawr Bank Corp. which is valued at $630,198. Nisa Investment Advisors L.l.c. added BMTC to its portfolio by purchasing 1,100 company shares during the most recent quarter which is valued at $31,262. Huntington National Bank added BMTC to its portfolio by purchasing 257 company shares during the most recent quarter which is valued at $7,304.

Bryn Mawr Bank Corp. opened for trading at $27.93 and hit $28.49 on the upside on Monday, eventually ending the session at $28.42, with a gain of 1.90% or 0.53 points. The heightened volatility saw the trading volume jump to 74,547 shares. Company has a market cap of $478 M.

On the company’s financial health, Bryn Mawr Bank Corp. reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.47.Analysts expectations of $ 38.90.During the same quarter in the previous year, the company posted $0.51 EPS.

Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company 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 Company operates through two segments: 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 IRA administration estate settlement tax services and brokerage. The Company’s Banking segment consists of commercial and retail banking. The Company operates around 19 full-service branches seven life care community offices five wealth offices and a full-service insurance agency.

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