Insider Selling: Alison Gers Unloads 15,000 Shares of Bryn Mawr Bank Corp. Stock (BMTC)
Bryn Mawr Bank Corp. (NASDAQ:BMTC) EVP Alison Gers sold 15,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $29.62, for a total value of $444,300.00. Following the transaction, the executive vice president now directly owns 8,220 shares of the company’s stock, valued at approximately $243,476. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Bryn Mawr Bank Corp. from $34.00 to $36.00 in a research note on Monday, July 28th.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up 0.40% on Tuesday, hitting $29.87. The stock had a trading volume of 51,106 shares. Bryn Mawr Bank Corp. has a 52-week low of $24.61 and a 52-week high of $31.76. The stock’s 50-day moving average is $29.58 and its 200-day moving average is $28.71. The company has a market cap of $410.1 million and a P/E ratio of 15.10.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last announced its earnings results on Thursday, July 24th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.06. Analysts expect that Bryn Mawr Bank Corp. will post $2.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders of record on Tuesday, August 5th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, August 1st. This is a boost from Bryn Mawr Bank Corp.’s previous quarterly dividend of $0.18.
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (NASDAQ:BMTC).
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