Headlines about Bryn Mawr Bank Corporation (NASDAQ:BMTC) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bryn Mawr Bank Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.8226672167699 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of research analysts have commented on BMTC shares. BidaskClub downgraded Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Boenning Scattergood upgraded 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 note on Monday, July 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 target price on shares of Bryn Mawr Bank Corporation in a research note on Sunday, July 23rd. Finally, Zacks Investment Research downgraded Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.50.
Shares of Bryn Mawr Bank Corporation (NASDAQ BMTC) traded down 0.11% during mid-day trading on Thursday, hitting $44.65. The company’s stock had a trading volume of 3,187 shares. Bryn Mawr Bank Corporation has a 1-year low of $29.50 and a 1-year high of $44.85. The stock has a market cap of $759.09 million, a PE ratio of 20.58 and a beta of 0.63. The company has a 50-day moving average price of $41.81 and a 200-day moving average price of $41.62.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The company had revenue of $42.75 million during the quarter, compared to analysts’ expectations of $42.40 million. Bryn Mawr Bank Corporation had a return on equity of 9.96% and a net margin of 21.17%. Bryn Mawr Bank Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Analysts predict that Bryn Mawr Bank Corporation will post $2.40 EPS for the current fiscal year.
In related news, Director Scott Mahaley Jenkins sold 3,500 shares of Bryn Mawr Bank Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $43.75, for a total transaction of $153,125.00. Following the completion of the transaction, the director now owns 13,908 shares in the company, valued at $608,475. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.31% of the stock is owned by company insiders.
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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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