Bryn Mawr Bank (NASDAQ:BMTC) posted its earnings results on Wednesday. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.15, Fidelity Earnings reports. Bryn Mawr Bank had a return on equity of 5.58% and a net margin of 12.77%.
BMTC opened at $33.37 on Friday. Bryn Mawr Bank has a one year low of $22.20 and a one year high of $40.03. The company has a market cap of $666.00 million, a P/E ratio of 20.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.96 and a current ratio of 0.97. The business’s 50-day simple moving average is $31.70 and its 200-day simple moving average is $28.50.
The firm also recently disclosed a dividend, which will be paid on Monday, March 1st. Stockholders of record on Monday, February 1st will be issued a $0.27 dividend. The ex-dividend date is Friday, January 29th. This represents a dividend yield of 3.25%. Bryn Mawr Bank’s payout ratio is currently 34.84%.
In other Bryn Mawr Bank news, CFO Michael W. Harrington acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, November 18th. The shares were acquired at an average price of $30.43 per share, for a total transaction of $91,290.00. Following the acquisition, the chief financial officer now owns 18,237 shares in the company, valued at approximately $554,951.91. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Michael Laplante acquired 1,500 shares of the company’s stock in a transaction dated Thursday, November 19th. The stock was acquired at an average price of $30.20 per share, for a total transaction of $45,300.00. Following the acquisition, the chief accounting officer now owns 1,500 shares in the company, valued at approximately $45,300. The disclosure for this purchase can be found here. Corporate insiders own 1.39% of the company’s stock.
Several research firms recently issued reports on BMTC. Boenning Scattergood raised Bryn Mawr Bank from a “neutral” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Wednesday, December 16th. Zacks Investment Research downgraded Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Monday, January 4th. TheStreet upgraded Bryn Mawr Bank from a “c+” rating to a “b” rating in a report on Tuesday, November 24th. Stephens upgraded Bryn Mawr Bank from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $36.50 to $40.00 in a report on Tuesday. Finally, Piper Sandler upped their price target on Bryn Mawr Bank from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $34.40.
About Bryn Mawr Bank
Bryn Mawr Bank Corporation operates as a bank holding company for The Bryn Mawr Trust Company that provides commercial and retail banking services to individual and business customers. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing deposits, money market accounts, and wholesale non-maturity deposits.
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