Bryn Mawr Bank Corporation (NASDAQ:BMTC) EVP Joseph G. Keefer sold 11,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total value of $508,070.00. Following the transaction, the executive vice president now owns 19,925 shares in the company, valued at $880,286.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) traded down $0.05 during midday trading on Friday, reaching $42.10. The company’s stock had a trading volume of 45,100 shares, compared to its average volume of 51,092. The company has a quick ratio of 0.96, a current ratio of 0.95 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $719.21, a P/E ratio of 18.25 and a beta of 0.63. Bryn Mawr Bank Corporation has a 12 month low of $32.90 and a 12 month high of $45.45.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its earnings results on Thursday, October 19th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. Bryn Mawr Bank Corporation had a net margin of 21.29% and a return on equity of 10.15%. The company had revenue of $45.02 million during the quarter, compared to analysts’ expectations of $46.85 million. equities analysts expect that Bryn Mawr Bank Corporation will post 2.45 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, October 31st. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is currently 39.11%.
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Several research firms have weighed in on BMTC. Zacks Investment Research lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Boenning Scattergood raised Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 target price on shares of Bryn Mawr Bank Corporation in a research report on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Bryn Mawr Bank Corporation currently has an average rating of “Hold” and an average target price of $48.50.
A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Bryn Mawr Bank Corporation by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 860,056 shares of the bank’s stock worth $36,553,000 after purchasing an additional 56,193 shares during the last quarter. Vanguard Group Inc. raised its position in Bryn Mawr Bank Corporation by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 744,704 shares of the bank’s stock worth $31,650,000 after purchasing an additional 8,100 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Bryn Mawr Bank Corporation by 15.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 697,942 shares of the bank’s stock valued at $29,662,000 after acquiring an additional 95,440 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Bryn Mawr Bank Corporation by 200.4% during the 2nd quarter. Franklin Resources Inc. now owns 622,794 shares of the bank’s stock valued at $26,469,000 after acquiring an additional 415,444 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Bryn Mawr Bank Corporation by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 559,000 shares of the bank’s stock valued at $23,758,000 after acquiring an additional 12,900 shares during the last quarter. Hedge funds and other institutional investors own 80.10% of the company’s stock.
Bryn Mawr Bank Corporation 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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