Jerry L. Johnson Sells 2,500 Shares of Bryn Mawr Bank Corp. (BMTC) Stock
Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director Jerry L. Johnson sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $35.50, for a total transaction of $88,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) opened at 36.20 on Friday. The firm has a market capitalization of $612.25 million, a price-to-earnings ratio of 30.50 and a beta of 0.58. The company’s 50-day moving average is $32.39 and its 200 day moving average is $30.66. Bryn Mawr Bank Corp. has a 1-year low of $23.92 and a 1-year high of $36.60.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last announced its earnings results on Thursday, October 20th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Bryn Mawr Bank Corp. had a net margin of 11.93% and a return on equity of 5.46%. During the same quarter in the previous year, the company posted $0.46 earnings per share. On average, analysts expect that Bryn Mawr Bank Corp. will post $2.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 2nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, October 31st. Bryn Mawr Bank Corp.’s dividend payout ratio (DPR) is currently 70.59%.
Separately, Zacks Investment Research raised shares of Bryn Mawr Bank Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, October 25th.
Large investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in shares of Bryn Mawr Bank Corp. during the second quarter worth about $105,000. BlackRock Inc. boosted its stake in shares of Bryn Mawr Bank Corp. by 201.8% in the second quarter. BlackRock Inc. now owns 4,334 shares of the company’s stock worth $126,000 after buying an additional 2,898 shares during the period. BlackRock Group LTD boosted its stake in shares of Bryn Mawr Bank Corp. by 4.9% in the third quarter. BlackRock Group LTD now owns 5,161 shares of the company’s stock worth $165,000 after buying an additional 243 shares during the period. Bank of Montreal Can purchased a new stake in shares of Bryn Mawr Bank Corp. during the second quarter worth about $171,000. Finally, JFS Wealth Advisors LLC purchased a new stake in shares of Bryn Mawr Bank Corp. during the third quarter worth about $208,000. Institutional investors and hedge funds own 69.47% of the company’s stock.
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Bryn Mawr Bank Corp. Company Profile
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers 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.
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