Bryn Mawr Bank Corp. Chairman Frederick Peters II Unloads 24,000 Shares (BMTC)
Bryn Mawr Bank Corp. (NASDAQ:BMTC) Chairman Frederick Peters II sold 24,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $28.53, for a total value of $684,720.00. Following the transaction, the chairman now directly owns 33,298 shares of the company’s stock, valued at approximately $949,992. 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 Sterne Agee downgraded shares of Bryn Mawr Bank Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $28.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Bryn Mawr Bank Corp. from $30.00 to $32.00 in a research note to investors on Monday. Finally, analysts at Boenning Scattergood downgraded shares of Bryn Mawr Bank Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They noted that the move was a valuation call.
Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded down 1.44% on Wednesday, hitting $28.00. 27,978 shares of the company’s stock traded hands. Bryn Mawr Bank Corp. has a one year low of $19.94 and a one 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 $379.4 million and a P/E ratio of 16.42.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last posted its quarterly 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. On average, analysts predict that Bryn Mawr Bank Corp. will post $1.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.53%. The ex-dividend date 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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