Headlines about Bryn Mawr Bank Corporation (NASDAQ:BMTC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bryn Mawr Bank Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.8374846581359 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Bryn Mawr Bank Corporation (NASDAQ BMTC) opened at 39.85 on Tuesday. The stock’s 50 day moving average price is $41.43 and its 200 day moving average price is $41.21. Bryn Mawr Bank Corporation has a 12 month low of $29.50 and a 12 month high of $44.40. The firm has a market capitalization of $677.49 million, a P/E ratio of 18.36 and a beta of 0.62.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The firm had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.40 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that Bryn Mawr Bank Corporation will post $2.40 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 2nd were issued a dividend of $0.22 per share. This is a positive change from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, July 31st. This represents a $0.88 annualized dividend and a dividend yield of 2.21%. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is presently 40.37%.
Several research firms have recently commented on BMTC. Zacks Investment Research lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Boenning Scattergood raised Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $47.00 target price on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. Finally, ValuEngine raised 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 assigned a hold rating and three have issued a buy rating to the company’s stock. Bryn Mawr Bank Corporation has an average rating of “Hold” and an average price target of $48.00.
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In other news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 13,908 shares of the company’s stock, valued at $608,475. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.31% of the company’s stock.
About Bryn Mawr Bank Corporation
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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