Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Michael Joseph Clement bought 2,800 shares of Bryn Mawr Bank stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $43.84 per share, with a total value of $122,752.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Bryn Mawr Bank Corp. (BMTC) opened at $44.00 on Friday. Bryn Mawr Bank Corp. has a 12 month low of $36.80 and a 12 month high of $46.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $887.13, a P/E ratio of 18.41 and a beta of 0.59.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 10.53%. The firm had revenue of $45.86 million during the quarter, compared to analysts’ expectations of $45.47 million. equities analysts expect that Bryn Mawr Bank Corp. will post 3.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.88 annualized dividend and a yield of 2.00%. Bryn Mawr Bank’s payout ratio is 65.19%.
Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Bryn Mawr Bank by 158.8% in the second quarter. Goldman Sachs Group Inc. now owns 40,766 shares of the bank’s stock valued at $1,732,000 after purchasing an additional 25,012 shares during the last quarter. State Street Corp lifted its stake in Bryn Mawr Bank by 5.2% in the second quarter. State Street Corp now owns 298,781 shares of the bank’s stock valued at $12,704,000 after purchasing an additional 14,854 shares during the last quarter. Kistler Tiffany Companies LLC lifted its stake in Bryn Mawr Bank by 141.5% in the fourth quarter. Kistler Tiffany Companies LLC now owns 5,897 shares of the bank’s stock valued at $261,000 after purchasing an additional 3,455 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Bryn Mawr Bank in the second quarter valued at approximately $361,000. Finally, Northern Trust Corp lifted its stake in Bryn Mawr Bank by 4.2% in the second quarter. Northern Trust Corp now owns 254,971 shares of the bank’s stock valued at $10,837,000 after purchasing an additional 10,266 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.
Several equities analysts have recently issued reports on BMTC shares. Zacks Investment Research lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Friday, January 26th. ValuEngine lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $50.00 target price on shares of Bryn Mawr Bank in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.00.
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Bryn Mawr Bank 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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