Bryn Mawr Bank Corporation (NASDAQ:BMTC) declared a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Investors of record on Wednesday, August 2nd will be given a dividend of 0.22 per share by the bank on Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, July 31st. This is an increase from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21.
Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) traded up 0.94% on Friday, reaching $42.75. The company’s stock had a trading volume of 39,296 shares. Bryn Mawr Bank Corporation has a 52-week low of $28.85 and a 52-week high of $44.40. The stock has a market cap of $726.28 million, a P/E ratio of 19.70 and a beta of 0.62. The firm’s 50 day moving average is $42.22 and its 200-day moving average is $41.16.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $42.75 million during the quarter, compared to the consensus estimate of $42.40 million. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 10.04%. Bryn Mawr Bank Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, equities research analysts forecast that Bryn Mawr Bank Corporation will post $2.40 EPS for the current year.
A number of brokerages recently commented on BMTC. Zacks Investment Research downgraded shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub lowered shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 price target on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. 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 given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.00.
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In other news, Director Scott Mahaley Jenkins sold 3,500 shares of the business’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 sale, the director now directly owns 13,908 shares of the company’s stock, valued at $608,475. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.31% of the stock is owned by insiders.
Bryn Mawr Bank Corporation Company Profile
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.
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