Bryn Mawr Bank Corporation (BMTC) To Go Ex-Dividend on October 31st

Bryn Mawr Bank Corporation (NASDAQ:BMTC) announced a quarterly dividend on Friday, October 20th, Wall Street Journal reports. Shareholders of record on Wednesday, November 1st will be paid a dividend of 0.22 per share by the bank on Friday, December 1st. This represents a $0.88 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, October 31st.

Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) opened at 44.55 on Monday. The stock has a market capitalization of $757.39 million, a price-to-earnings ratio of 20.53 and a beta of 0.63. The firm has a 50-day moving average of $43.13 and a 200 day moving average of $42.04. Bryn Mawr Bank Corporation has a one year low of $30.15 and a one year high of $45.45.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. Bryn Mawr Bank Corporation had a net margin of 21.29% and a return on equity of 10.24%. The company had revenue of $45.02 million during the quarter, compared to analysts’ expectations of $46.85 million. On average, equities research analysts predict that Bryn Mawr Bank Corporation will post $2.43 EPS for the current year.

In other news, EVP Joseph G. Keefer sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total value of $508,070.00. Following the completion of the sale, the executive vice president now owns 19,925 shares of the company’s stock, valued at approximately $880,286.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by corporate insiders.

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Several equities research analysts have recently weighed in on BMTC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 price target on shares of Bryn Mawr Bank Corporation in a research report on Sunday, July 23rd. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, July 24th. BidaskClub cut shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Bryn Mawr Bank Corporation has an average rating of “Hold” and a consensus target price of $48.50.

About Bryn Mawr Bank Corporation

Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.

Dividend History for Bryn Mawr Bank Corporation (NASDAQ:BMTC)

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