Bryn Mawr Bank Corp. (NASDAQ:BMTC) declared a quarterly dividend on Thursday, April 18th, NASDAQ reports. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.25 per share by the bank on Saturday, June 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Tuesday, April 30th.
Bryn Mawr Bank has increased its dividend payment by an average of 6.4% per year over the last three years and has increased its dividend every year for the last 8 years. Bryn Mawr Bank has a payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bryn Mawr Bank to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 29.2%.
BMTC stock traded up $0.17 on Friday, reaching $38.65. 35,790 shares of the company traded hands, compared to its average volume of 49,102. Bryn Mawr Bank has a one year low of $32.84 and a one year high of $50.35. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 0.39. The firm has a market cap of $775.88 million, a PE ratio of 11.17 and a beta of 0.74.
In other news, Director Scott Mahaley Jenkins sold 4,475 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $40.03, for a total value of $179,134.25. Following the transaction, the director now directly owns 18,114 shares in the company, valued at approximately $725,103.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.39% of the company’s stock.
A number of research analysts recently weighed in on the company. BidaskClub raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.33.
Bryn Mawr Bank Company Profile
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. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.
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