Bryn Mawr Bank Corp. Lowered to “Neutral” at Boenning Scattergood (BMTC)
Bryn Mawr Bank Corp. (NASDAQ:BMTC) was downgraded by equities researchers at Boenning Scattergood from an “outperform” rating to a “neutral” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) opened at 28.83 on Monday. Bryn Mawr Bank Corp. has a 1-year low of $19.94 and a 1-year high of $28.33. The stock’s 50-day moving average is $26.44 and its 200-day moving average is $24.23. The company has a market cap of $384.5 million and a price-to-earnings ratio of 16.66.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last announced its earnings results on Friday, October 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Analysts expect that Bryn Mawr Bank Corp. will post $1.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, December 1st. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, November 4th. This is a positive change from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.17.
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (NASDAQ:BMTC).
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