Should You Buy Bryn Mawr Bank Corp. (BMTC)?

Consequently, specific money managers have been driving this bullishness. Millennium Management, led by Israel Englander, established the largest position in Bryn Mawr Bank Corp. (NASDAQ:BMTC). Millennium Management had $0.5 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.4 million position during the quarter. The only other fund with a brand new BMTC position is Cliff Asness’s AQR Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Bryn Mawr Bank Corp. (NASDAQ:BMTC). We will take a look at Triple-S Management Corp.(NYSE:GTS), Bellicum Pharmaceuticals Inc (NASDAQ:BLCM), Heritage Financial Corporation (NASDAQ:HFWA), and Flexion Therapeutics Inc (NASDAQ:FLXN). This group of stocks’ market valuations resemble BMTC’s market valuation.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $64 million. That figure was $44 million in BMTC’s case. Heritage Financial Corporation (NASDAQ:HFWA) is the most popular stock in this table. On the other hand Bellicum Pharmaceuticals Inc (NASDAQ:BLCM) is the least popular one with only 3 bullish hedge fund positions. Bryn Mawr Bank Corp. (NASDAQ:BMTC) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard HFWA might be a better candidate to consider taking a long position in.