Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Diego F. Calderin purchased 600 shares of Bryn Mawr Bank stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average price of $35.25 per share, for a total transaction of $21,150.00. Following the completion of the transaction, the director now owns 2,342 shares in the company, valued at $82,555.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
BMTC traded up $0.73 on Friday, hitting $36.38. 235,568 shares of the company were exchanged, compared to its average volume of 57,865. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.96. Bryn Mawr Bank Corp. has a 12 month low of $34.77 and a 12 month high of $50.35. The firm has a market cap of $721.92 million, a price-to-earnings ratio of 15.03 and a beta of 0.60.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, October 18th. The bank reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. Bryn Mawr Bank had a return on equity of 12.00% and a net margin of 16.74%. The business had revenue of $55.00 million for the quarter, compared to analyst estimates of $55.90 million. As a group, sell-side analysts anticipate that Bryn Mawr Bank Corp. will post 3.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 1st were given a $0.25 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. Bryn Mawr Bank’s dividend payout ratio is currently 41.32%.
Several research firms recently issued reports on BMTC. Zacks Investment Research lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. FIG Partners upgraded Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research report on Tuesday, October 23rd. BidaskClub upgraded Bryn Mawr Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. ValuEngine lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Boenning Scattergood lowered Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a research report on Friday, October 19th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Bryn Mawr Bank currently has an average rating of “Hold” and a consensus price target of $51.75.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Bryn Mawr Bank by 1.8% in the 3rd quarter. BlackRock Inc. now owns 1,459,123 shares of the bank’s stock worth $68,433,000 after buying an additional 25,881 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bryn Mawr Bank by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,035,154 shares of the bank’s stock worth $48,548,000 after buying an additional 19,063 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bryn Mawr Bank by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 884,089 shares of the bank’s stock worth $41,465,000 after buying an additional 28,152 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Bryn Mawr Bank by 6.5% in the 3rd quarter. Renaissance Technologies LLC now owns 781,519 shares of the bank’s stock worth $36,653,000 after buying an additional 47,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Bryn Mawr Bank by 5.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 747,376 shares of the bank’s stock worth $35,052,000 after buying an additional 37,096 shares during the last quarter. Hedge funds and other institutional investors own 75.34% of the company’s stock.
About Bryn Mawr Bank
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.
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