Insider Selling: Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Sells $77,968.00 in Stock

Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Andrea F. Gilbert sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $35.44, for a total value of $77,968.00. Following the sale, the director now owns 31,607 shares of the company’s stock, valued at $1,120,152.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ BMTC opened at $34.66 on Thursday. The stock’s fifty day moving average is $36.31 and its two-hundred day moving average is $37.44. The firm has a market capitalization of $715.78 million, a P/E ratio of 10.02 and a beta of 0.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. Bryn Mawr Bank Corp. has a fifty-two week low of $32.84 and a fifty-two week high of $49.65.

Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The company had revenue of $56.83 million for the quarter, compared to analyst estimates of $58.54 million. Bryn Mawr Bank had a return on equity of 11.27% and a net margin of 22.71%. As a group, sell-side analysts forecast that Bryn Mawr Bank Corp. will post 3.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.04 dividend on an annualized basis and a yield of 3.00%. This is a positive change from Bryn Mawr Bank’s previous quarterly dividend of $0.25. Bryn Mawr Bank’s payout ratio is 30.06%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Bryn Mawr Bank during the second quarter worth $25,000. Advisor Group Inc. boosted its stake in Bryn Mawr Bank by 530.8% during the second quarter. Advisor Group Inc. now owns 820 shares of the bank’s stock worth $31,000 after buying an additional 690 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in Bryn Mawr Bank during the second quarter worth $37,000. Legal & General Group Plc lifted its stake in shares of Bryn Mawr Bank by 17.1% in the 4th quarter. Legal & General Group Plc now owns 3,671 shares of the bank’s stock valued at $126,000 after purchasing an additional 535 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Bryn Mawr Bank by 330.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,155 shares of the bank’s stock valued at $150,000 after purchasing an additional 3,190 shares during the last quarter. 76.08% of the stock is currently owned by institutional investors.

Several brokerages recently commented on BMTC. Boenning Scattergood reiterated a “neutral” rating on shares of Bryn Mawr Bank in a research report on Thursday, June 20th. Zacks Investment Research upgraded Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub cut Bryn Mawr Bank from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $45.00.

About Bryn Mawr Bank

Bryn Mawr Bank Corporation operates as the 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 demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.

Featured Article: What Are Treasury Bonds?

Insider Buying and Selling by Quarter for Bryn Mawr Bank (NASDAQ:BMTC)

Receive News & Ratings for Bryn Mawr Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank and related companies with MarketBeat.com's FREE daily email newsletter.