Bryn Mawr Bank Corp. (NASDAQ:bmtc) announced a quarterly dividend on Thursday, April 20th. Stockholders of record on Tuesday, May 2nd will be paid a dividend of 0.21 per share by the bank on Thursday, June 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, April 28th.
Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded down 0.12% during midday trading on Friday, hitting $41.75. The stock had a trading volume of 89,815 shares. The stock’s 50-day moving average is $39.58 and its 200-day moving average is $38.01. Bryn Mawr Bank Corp. has a 12 month low of $26.13 and a 12 month high of $43.00. The stock has a market cap of $708.46 million, a PE ratio of 19.69 and a beta of 0.67.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business earned $40.63 million during the quarter, compared to analysts’ expectations of $41.95 million. Bryn Mawr Bank Corp. had a return on equity of 9.67% and a net margin of 21.03%. Equities analysts anticipate that Bryn Mawr Bank Corp. will post $2.30 EPS for the current year.
In other Bryn Mawr Bank Corp. news, Director David E. Lees sold 3,500 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $40.70, for a total value of $142,450.00. Following the completion of the sale, the director now owns 32,870 shares in the company, valued at $1,337,809. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael W. Harrington purchased 1,000 shares of Bryn Mawr Bank Corp. stock in a transaction on Tuesday, February 14th. The stock was bought at an average price of $41.06 per share, with a total value of $41,060.00. Following the transaction, the chief financial officer now owns 10,405 shares of the company’s stock, valued at $427,229.30. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 16,000 shares of company stock valued at $652,770. Company insiders own 3.33% of the company’s stock.
BMTC has been the subject of a number of analyst reports. Zacks Investment Research cut Bryn Mawr Bank Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. FIG Partners cut Bryn Mawr Bank Corp. from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 10th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $44.00 price target on shares of Bryn Mawr Bank Corp. in a research report on Thursday.
About Bryn Mawr Bank Corp.
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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