Bryn Mawr Bank Corp. (BMTC) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
Separately, Keefe, Bruyette & Woods boosted their price objective on Bryn Mawr Bank Corp. from $32.00 to $33.00 and gave the company an outperform rating in a report on Monday, July 25th.
Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) opened at 31.50 on Wednesday. The company has a market capitalization of $530.24 million, a price-to-earnings ratio of 29.89 and a beta of 0.75. Bryn Mawr Bank Corp. has a 1-year low of $23.92 and a 1-year high of $32.50. The stock has a 50 day moving average price of $31.24 and a 200 day moving average price of $28.72.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Bryn Mawr Bank Corp. had a return on equity of 5.15% and a net margin of 11.02%. On average, equities analysts anticipate that Bryn Mawr Bank Corp. will post $2.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, August 2nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Friday, July 29th. This is a boost from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.20. Bryn Mawr Bank Corp.’s payout ratio is 79.25%.
In other news, Director Frederick C. Peters II sold 5,229 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $31.74, for a total value of $165,968.46. Following the completion of the transaction, the director now owns 44,220 shares of the company’s stock, valued at approximately $1,403,542.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now directly owns 7,565 shares of the company’s stock, valued at approximately $231,640.30. The disclosure for this sale can be found here. 3.33% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in BMTC. Deprince Race & Zollo Inc. acquired a new position in shares of Bryn Mawr Bank Corp. during the second quarter valued at $6,246,000. Loomis Sayles & Co. L P raised its position in shares of Bryn Mawr Bank Corp. by 36.2% in the first quarter. Loomis Sayles & Co. L P now owns 487,609 shares of the company’s stock valued at $12,546,000 after buying an additional 129,606 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Bryn Mawr Bank Corp. by 19.8% in the first quarter. Renaissance Technologies LLC now owns 435,400 shares of the company’s stock valued at $11,203,000 after buying an additional 71,889 shares in the last quarter. BB&T Corp acquired a new position in shares of Bryn Mawr Bank Corp. during the second quarter valued at $1,892,000. Finally, LSV Asset Management raised its position in shares of Bryn Mawr Bank Corp. by 1,438.4% in the second quarter. LSV Asset Management now owns 67,844 shares of the company’s stock valued at $1,981,000 after buying an additional 63,434 shares in the last quarter. Hedge funds and other institutional investors own 68.92% of the company’s stock.
About Bryn Mawr Bank Corp.
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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