Somewhat Positive Press Coverage Somewhat Unlikely to Affect Bryn Mawr Bank Corporation (BMTC) Stock Price
Media headlines about Bryn Mawr Bank Corporation (NASDAQ:BMTC) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bryn Mawr Bank Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.3751611895948 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Bryn Mawr Trust Supports The 2017 Main Line Bike Race Benefitting Narberth Ambulance (finance.yahoo.com)
- Main Line bank launches mutual fund (bizjournals.com)
- Bryn Mawr Trust Launches SEC-Registered Mutual Fund (finance.yahoo.com)
- Bryn Mawr Trust Launches Payment Tools for Customers On-the-Go (finance.yahoo.com)
Several research analysts recently commented on BMTC shares. BidaskClub downgraded shares of Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price target on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Bryn Mawr Bank Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, ValuEngine raised shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.00.
Bryn Mawr Bank Corporation (BMTC) opened at 40.45 on Friday. The company has a market capitalization of $687.69 million, a P/E ratio of 18.64 and a beta of 0.62. Bryn Mawr Bank Corporation has a one year low of $29.50 and a one year high of $44.40. The firm has a 50-day moving average of $42.36 and a 200 day moving average of $41.27.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last issued its earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The firm had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.40 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. Bryn Mawr Bank Corporation’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Bryn Mawr Bank Corporation will post $2.40 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 2nd will be given a dividend of $0.22 per share. This is a positive change from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, July 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.18%. Bryn Mawr Bank Corporation’s dividend payout ratio is currently 40.37%.
In related news, Director Scott Mahaley Jenkins sold 3,500 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $43.75, for a total transaction of $153,125.00. Following the completion of the transaction, the director now owns 13,908 shares in the company, valued at $608,475. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.
About Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer 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 from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.
Receive News & Ratings for Bryn Mawr Bank Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank Corporation and related companies with MarketBeat.com's FREE daily email newsletter.