Bryn Mawr Bank Corp. (BMTC) Sets New 1-Year High at $31.48
Bryn Mawr Bank Corp. (NASDAQ:BMTC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $31.48 and last traded at $31.26, with a volume of 12,553 shares traded. The stock had previously closed at $31.06.
Several research firms recently commented on BMTC. Keefe, Bruyette & Woods raised their target price on Bryn Mawr Bank Corp. from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, May 3rd. FIG Partners began coverage on Bryn Mawr Bank Corp. in a research report on Thursday, May 19th. They set an “outperform” rating for the company. Finally, TheStreet upgraded Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating in a research report on Friday, May 6th.
The company has a 50-day moving average of $29.67 and a 200-day moving average of $27.73. The company has a market capitalization of $527.55 million and a price-to-earnings ratio of 29.73.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. Analysts forecast that Bryn Mawr Bank Corp. will post $2.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, August 2nd will be paid a $0.21 dividend. This is a boost from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, July 29th. This represents a $0.84 annualized dividend and a yield of 2.68%.
In other Bryn Mawr Bank Corp. news, EVP Joseph G. Keefer sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $30.62, for a total value of $306,200.00. Following the sale, the executive vice president now owns 7,565 shares in the company, valued at $231,640.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in Bryn Mawr Bank Corp. stock. First Trust Advisors LP raised its stake in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 77.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,307 shares of the company’s stock after buying an additional 15,829 shares during the period. First Trust Advisors LP owned approximately 0.21% of Bryn Mawr Bank Corp. worth $1,043,000 as of its most recent SEC filing.
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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