Bryn Mawr Bank Corp. (BMTC) Sets New 52-Week High at $32.08
Bryn Mawr Bank Corp. (NASDAQ:BMTC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $32.08 and last traded at $31.87, with a volume of 14,993 shares changing hands. The stock had previously closed at $31.90.
BMTC has been the topic of several research analyst reports. TheStreet upgraded Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. FIG Partners initiated coverage on Bryn Mawr Bank Corp. in a research note on Thursday, May 19th. They issued an “outperform” rating on the stock. Keefe, Bruyette & Woods upped their price objective on Bryn Mawr Bank Corp. from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research downgraded Bryn Mawr Bank Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
The stock’s 50 day moving average price is $30.19 and its 200 day moving average price is $28.03. The firm has a market cap of $542.02 million and a price-to-earnings ratio of 30.55.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last announced its earnings results on Friday, July 22nd. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Equities analysts forecast that Bryn Mawr Bank Corp. will post $2.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Tuesday, August 2nd will be issued a $0.21 dividend. The ex-dividend date is Friday, July 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.61%. This is a positive change from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.20.
In other Bryn Mawr Bank Corp. news, EVP Joseph G. Keefer sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $30.62, for a total value of $306,200.00. Following the completion of the sale, the executive vice president now directly owns 7,565 shares of the company’s stock, valued at approximately $231,640.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frederick C. Peters II sold 5,229 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $31.74, for a total transaction of $165,968.46. Following the completion of the sale, the director now directly owns 44,220 shares of the company’s stock, valued at $1,403,542.80. The disclosure for this sale can be found here.
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers 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.
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