Bryn Mawr Bank Corp. (NASDAQ:BMTC) posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05, Bloomberg Earnings reports. Bryn Mawr Bank Corp. had a return on equity of 10.81% and a net margin of 23.85%. The company had revenue of $45.02 million for the quarter, compared to the consensus estimate of $46.85 million.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up 0.56% during trading on Friday, hitting $44.55. The stock had a trading volume of 36,161 shares. The firm has a 50 day moving average of $43.13 and a 200-day moving average of $42.04. The stock has a market cap of $757.39 million, a price-to-earnings ratio of 20.53 and a beta of 0.63. Bryn Mawr Bank Corp. has a 12 month low of $30.15 and a 12 month high of $45.45.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.98%. Bryn Mawr Bank Corp.’s payout ratio is 39.11%.
Several brokerages have commented on BMTC. Zacks Investment Research downgraded Bryn Mawr Bank Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub downgraded Bryn Mawr Bank Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Boenning Scattergood upgraded Bryn Mawr Bank Corp. from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $47.00 target price on shares of Bryn Mawr Bank Corp. in a research note on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Bryn Mawr Bank Corp. currently has a consensus rating of “Hold” and an average price target of $48.50.
In related news, EVP Joseph G. Keefer sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total transaction of $508,070.00. Following the completion of the transaction, the executive vice president now owns 19,925 shares of the company’s stock, valued at $880,286.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.31% of the company’s stock.
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Bryn Mawr Bank Corp. Company Profile
Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer 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 from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.
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