Bryn Mawr Bank Corp. (BMTC) Sets New 12-Month High at $31.48
Bryn Mawr Bank Corp. (NASDAQ:BMTC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.48 and last traded at $31.26, with a volume of 12,553 shares trading hands. The stock had previously closed at $31.06.
Several research firms recently issued reports on BMTC. Zacks Investment Research raised Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, May 3rd. 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 report on Monday, July 25th. FIG Partners began coverage on Bryn Mawr Bank Corp. in a research report on Thursday, May 19th. They issued an “outperform” rating on the stock. Finally, TheStreet raised Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating in a research report on Friday, May 6th.
The firm’s 50-day moving average is $29.81 and its 200-day moving average is $27.80. The stock has a market cap of $532.26 million and a PE ratio of 30.00.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Equities analysts predict that Bryn Mawr Bank Corp. will post $2.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Tuesday, August 2nd will be paid a dividend of $0.21 per share. This is a boost from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, July 29th.
In other news, EVP Joseph G. Keefer sold 10,000 shares of Bryn Mawr Bank Corp. stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $30.62, for a total transaction of $306,200.00. Following the completion of the sale, the executive vice president now owns 7,565 shares of the company’s stock, valued at $231,640.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Bryn Mawr Bank Corp. stock. First Trust Advisors LP increased its stake in shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) by 77.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,307 shares of the company’s stock after buying an additional 15,829 shares during the period. First Trust Advisors LP owned about 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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