Bryn Mawr Bank Corp. Director David Lees Sells 4,960 Shares (BMTC)
Bryn Mawr Bank Corp. (NASDAQ:BMTC) Director David Lees sold 4,960 shares of the stock on the open market in a transaction dated Thursday, October 31st. The shares were sold at an average price of $28.03, for a total value of $139,028.80. Following the sale, the director now directly owns 7,382 shares in the company, valued at approximately $206,917. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on BMTC. 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 0.39% during mid-day trading on Friday, hitting $27.75. 45,133 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 has a 50-day moving average of $26.70 and a 200-day moving average of $25.11. The company has a market cap of $376.0 million and a P/E ratio of 16.10.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.01. On average, analysts predict that Bryn Mawr Bank Corp. will post $1.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Stockholders 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 2.58%. The ex-dividend date is Monday, November 4th. This is a boost 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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