Bryn Mawr Bank Corp. Insider Geoffrey Halberstadt Sells 5,000 Shares (BMTC)
Bryn Mawr Bank Corp. (NASDAQ:BMTC) Insider Geoffrey Halberstadt sold 5,000 shares of the stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $25.75, for a total transaction of $128,750.00. Following the completion of the sale, the insider now directly owns 2,725 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
BMTC has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) from $26.00 to $30.00 in a research note to investors on Monday, July 29th. Separately, analysts at Guggenheim downgraded shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, July 17th. They now have a $26.00 price target on the stock. Finally, analysts at Guggenheim upgraded shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, June 26th.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up 1.66% during mid-day trading on Wednesday, hitting $26.31. 47,500 shares of the company’s stock traded hands. Bryn Mawr Bank Corp. has a 1-year low of $19.94 and a 1-year high of $28.33. The stock has a 50-day moving average of $26.34 and a 200-day moving average of $24.29. The company has a market cap of $356.4 million and a P/E ratio of 15.50.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.02. On average, analysts predict that Bryn Mawr Bank Corp. will post $1.77 earnings per share for the current fiscal year.
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (NASDAQ:BMTC).
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