Bryn Mawr Bank (NASDAQ:BMTC) issued its quarterly earnings data on Thursday, October 18th. The bank reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82, MarketWatch Earnings reports. Bryn Mawr Bank had a return on equity of 12.00% and a net margin of 16.74%. The company had revenue of $55.00 million for the quarter, compared to analyst estimates of $55.90 million.

NASDAQ:BMTC traded down $0.43 during mid-day trading on Friday, reaching $40.26. The stock had a trading volume of 28,253 shares, compared to its average volume of 69,886. Bryn Mawr Bank has a twelve month low of $37.51 and a twelve month high of $50.35. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The company has a market cap of $818.72 million, a P/E ratio of 16.64 and a beta of 0.64.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.48%. Bryn Mawr Bank’s payout ratio is currently 41.32%.

In other news, Director Wendell F. Holland sold 1,500 shares of Bryn Mawr Bank stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $48.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now directly owns 14,303 shares in the company, valued at approximately $686,544. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Francis J. Leto sold 8,075 shares of Bryn Mawr Bank stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $49.47, for a total transaction of $399,470.25. Following the sale, the chief executive officer now owns 48,123 shares of the company’s stock, valued at $2,380,644.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,075 shares of company stock valued at $1,422,655. Insiders own 1.95% of the company’s stock.

BMTC has been the topic of a number of research reports. BidaskClub raised Bryn Mawr Bank from a “strong sell” rating to a “sell” rating in a report on Saturday, October 6th. FIG Partners raised Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a report on Tuesday, October 23rd. Boenning Scattergood lowered Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a report on Friday, October 19th. ValuEngine downgraded shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research downgraded shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.75.

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About Bryn Mawr Bank

Bryn Mawr Bank Corporation operates as the bank holding company for The Bryn Mawr Trust Company that provides commercial and retail banking services to individual and business customers. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

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Earnings History for Bryn Mawr Bank (NASDAQ:BMTC)

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