Bryn Mawr Bank Corporation (NASDAQ: BMTC) has recently received a number of price target changes and ratings updates:
- 8/1/2017 - Bryn Mawr Bank Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
- 7/25/2017 - Bryn Mawr Bank Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
- 7/24/2017 - Bryn Mawr Bank Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
- 7/24/2017 - Bryn Mawr Bank Corporation was upgraded by analysts at Boenning Scattergood from a “neutral” rating to an “outperform” rating. They now have a $50.00 price target on the stock.
- 7/23/2017 - Bryn Mawr Bank Corporation had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $47.00 price target on the stock.
- 6/21/2017 - Bryn Mawr Bank Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
Shares of Bryn Mawr Bank Corporation (BMTC) traded down 1.29% during mid-day trading on Wednesday, reaching $42.05. The company’s stock had a trading volume of 8,981 shares. The firm has a market capitalization of $714.39 million, a PE ratio of 19.38 and a beta of 0.62. Bryn Mawr Bank Corporation has a 52 week low of $29.50 and a 52 week high of $44.40. The firm has a 50-day moving average of $42.23 and a 200-day moving average of $41.19.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.96% and a net margin of 21.17%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Equities research analysts forecast that Bryn Mawr Bank Corporation will post $2.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 2nd will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, July 31st. This is an increase from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is currently 40.37%.
In other news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $43.75, for a total transaction of $153,125.00. Following the completion of the sale, the director now directly owns 13,908 shares in the company, valued at $608,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.31% of the stock is owned by company insiders.
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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