Bryn Mawr Bank Corp. to Issue Quarterly Dividend of $0.21 (bmtc)

Bryn Mawr Bank Corp. (NASDAQ:bmtc) announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Tuesday, May 2nd will be given a dividend of 0.21 per share by the bank on Thursday, June 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, April 28th.

Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up 0.60% during midday trading on Friday, hitting $42.05. The company’s stock had a trading volume of 80,921 shares. Bryn Mawr Bank Corp. has a 52-week low of $26.13 and a 52-week high of $43.00. The stock has a 50 day moving average of $39.58 and a 200 day moving average of $38.01. The company has a market cap of $713.55 million, a PE ratio of 19.83 and a beta of 0.67.

Bryn Mawr Bank Corp. (NASDAQ:BMTC) last posted its quarterly earnings data on Thursday, April 20th. The bank reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $40.63 million for the quarter, compared to analysts’ expectations of $41.95 million. Bryn Mawr Bank Corp. had a return on equity of 9.67% and a net margin of 21.03%. On average, equities analysts expect that Bryn Mawr Bank Corp. will post $2.30 EPS for the current year.

Dividend History for Bryn Mawr Bank Corp. (NASDAQ:bmtc)

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BMTC has been the topic of several research reports. Zacks Investment Research raised Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Monday, January 23rd. FIG Partners cut Bryn Mawr Bank Corp. from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 10th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $44.00 price target on shares of Bryn Mawr Bank Corp. in a research report on Thursday.

In related news, Director David E. Lees sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $40.70, for a total value of $142,450.00. Following the transaction, the director now directly owns 32,870 shares of the company’s stock, valued at approximately $1,337,809. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph G. Keefer sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $40.75, for a total value of $366,750.00. Following the completion of the transaction, the executive vice president now directly owns 14,509 shares in the company, valued at $591,241.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,000 shares of company stock worth $652,770. Insiders own 3.33% of the company’s stock.

About Bryn Mawr Bank Corp.

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.

5 Day Chart for NASDAQ:BMTC

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