Bryn Mawr Bank Corp. (BMTC) Hits New 52-Week High at $32.42
Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.42 and last traded at $32.11, with a volume of 23,400 shares. The stock had previously closed at $31.99.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Bryn Mawr Bank Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Keefe, Bruyette & Woods upped their target price on shares of Bryn Mawr Bank Corp. from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, July 25th. Finally, FIG Partners assumed coverage on shares of Bryn Mawr Bank Corp. in a research note on Thursday, May 19th. They issued an “outperform” rating for the company.
The company has a market cap of $540.51 million and a P/E ratio of 30.46. The firm has a 50-day moving average price of $30.41 and a 200 day moving average price of $28.11.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last announced its quarterly earnings results on Friday, July 22nd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. On average, analysts predict that Bryn Mawr Bank Corp. will post $2.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, August 2nd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.62%. This is an increase from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, July 29th.
In other Bryn Mawr Bank Corp. news, EVP Joseph G. Keefer sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $30.62, for a total transaction of $306,200.00. Following the completion of the transaction, the executive vice president now owns 7,565 shares of the company’s stock, valued at $231,640.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick C. Peters II sold 5,229 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $31.74, for a total value of $165,968.46. Following the transaction, the director now directly owns 44,220 shares of the company’s stock, valued at approximately $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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