Bryn Mawr Bank Corp. (BMTC) Sets New 52-Week High at $32.08
Bryn Mawr Bank Corp. (NASDAQ:BMTC)’s share price hit 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 trading hands. The stock had previously closed at $31.90.
BMTC has been the subject of several recent analyst reports. TheStreet raised shares of Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. Zacks Investment Research upgraded shares of Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, May 3rd. FIG Partners initiated coverage on shares of Bryn Mawr Bank Corp. in a research report on Thursday, May 19th. They set an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on shares of 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.
The stock’s 50-day moving average is $30.00 and its 200 day moving average is $27.87. The company has a market cap of $539.50 million and a P/E ratio of 30.41.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. On average, equities analysts forecast that Bryn Mawr Bank Corp. will post $2.09 EPS for the current fiscal year.
The firm also recently declared 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. This is a positive change 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 dividend yield of 2.62%.
In other 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 owns 7,565 shares in the company, valued at approximately $231,640.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 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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