Bryn Mawr Bank Corp. (NASDAQ:BMTC) reached a new 52-week high and low during trading on Wednesday . The company traded as low as $48.00 and last traded at $48.20, with a volume of 762 shares trading hands. The stock had previously closed at $47.85.
A number of equities research analysts have recently commented on BMTC shares. Zacks Investment Research cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $56.00 target price on shares of Bryn Mawr Bank in a research report on Thursday, April 19th. Finally, BidaskClub cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Bryn Mawr Bank currently has an average rating of “Buy” and a consensus target price of $53.00.
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The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $974.21 million, a P/E ratio of 19.86 and a beta of 0.62.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings data on Thursday, April 19th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.24. Bryn Mawr Bank had a return on equity of 11.09% and a net margin of 14.05%. The company had revenue of $56.98 million for the quarter, compared to analysts’ expectations of $51.25 million. research analysts forecast that Bryn Mawr Bank Corp. will post 3.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, April 30th. Bryn Mawr Bank’s payout ratio is 36.36%.
In related news, Director Scott Mahaley Jenkins sold 3,500 shares of Bryn Mawr Bank stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $44.55, for a total value of $155,925.00. Following the sale, the director now directly owns 12,490 shares in the company, valued at approximately $556,429.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.95% of the company’s stock.
A number of hedge funds have recently bought and sold shares of BMTC. Cornerstone Capital Management Holdings LLC. acquired a new stake in Bryn Mawr Bank in the 4th quarter worth about $105,000. SG Americas Securities LLC acquired a new stake in Bryn Mawr Bank in the 1st quarter worth about $105,000. Bank of Montreal Can boosted its holdings in Bryn Mawr Bank by 66.0% in the 4th quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock worth $165,000 after buying an additional 1,486 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in Bryn Mawr Bank in the 1st quarter worth about $203,000. Finally, Aperio Group LLC acquired a new stake in Bryn Mawr Bank in the 1st quarter worth about $209,000. Institutional investors own 73.00% of the company’s stock.
Bryn Mawr Bank Company Profile
Bryn Mawr Bank Corporation operates as the bank holding company for The Bryn Mawr Trust Company that provides commercial and retail banking services to individual and business customers. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.