Bryn Mawr Bank Corp. (bmtc) Declares Quarterly Dividend of $0.21
Bryn Mawr Bank Corp. (NASDAQ:bmtc) announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Tuesday, May 2nd will be paid 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 yield of 2.01%. The ex-dividend date is Friday, April 28th.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded down 0.12% during mid-day trading on Friday, hitting $41.75. The company had a trading volume of 89,815 shares. The company has a 50-day moving average price of $39.58 and a 200 day moving average price of $38.01. The firm has a market capitalization of $708.46 million, a P/E ratio of 19.69 and a beta of 0.67. Bryn Mawr Bank Corp. has a 12 month low of $26.13 and a 12 month high of $43.00.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last issued its earnings results on Thursday, April 20th. The bank reported $0.55 earnings per share for the quarter, topping 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%. Equities analysts forecast that Bryn Mawr Bank Corp. will post $2.30 EPS for the current fiscal year.
Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $44.00 target price on shares of Bryn Mawr Bank Corp. in a report on Thursday. FIG Partners cut Bryn Mawr Bank Corp. from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 10th. Finally, Zacks Investment Research cut Bryn Mawr Bank Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th.
ILLEGAL ACTIVITY WARNING: “Bryn Mawr Bank Corp. (bmtc) Declares Quarterly Dividend of $0.21” was first reported by Financial Market News and is the property of of Financial Market News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at http://www.financial-market-news.com/bryn-mawr-bank-corp-bmtc-declares-quarterly-dividend-of-0-21/1406086/.
In related news, EVP Joseph G. Keefer sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $40.75, for a total value of $366,750.00. Following the transaction, the executive vice president now directly owns 14,509 shares in the company, valued at $591,241.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael W. Harrington acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was acquired at an average price of $41.06 per share, for a total transaction of $41,060.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,405 shares of the company’s stock, valued at approximately $427,229.30. The disclosure for this purchase can be found here. Insiders sold 16,000 shares of company stock worth $652,770 over the last quarter. 3.33% of the stock is currently owned by insiders.
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.
Receive News & Ratings for Bryn Mawr Bank Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank Corp. and related companies with MarketBeat.com's FREE daily email newsletter.