Bryn Mawr Bank (NASDAQ:BMTC) released its quarterly earnings results on Wednesday. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.15, Fidelity Earnings reports. Bryn Mawr Bank had a return on equity of 5.58% and a net margin of 12.77%.
Shares of Bryn Mawr Bank stock opened at $33.37 on Friday. Bryn Mawr Bank has a twelve month low of $22.20 and a twelve month high of $40.03. The stock has a market capitalization of $666.00 million, a P/E ratio of 20.10 and a beta of 0.92. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $31.70 and its 200 day moving average price is $28.50.
The company also recently announced a dividend, which will be paid on Monday, March 1st. Investors of record on Monday, February 1st will be issued a $0.27 dividend. This represents a yield of 3.25%. The ex-dividend date is Friday, January 29th. Bryn Mawr Bank’s payout ratio is currently 34.84%.
In related news, CAO Michael Laplante acquired 1,500 shares of Bryn Mawr Bank stock in a transaction on Thursday, November 19th. The shares were bought at an average price of $30.20 per share, for a total transaction of $45,300.00. Following the completion of the purchase, the chief accounting officer now directly owns 1,500 shares in the company, valued at approximately $45,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael W. Harrington acquired 3,000 shares of Bryn Mawr Bank stock in a transaction on Wednesday, November 18th. The shares were bought at an average price of $30.43 per share, for a total transaction of $91,290.00. Following the purchase, the chief financial officer now owns 18,237 shares of the company’s stock, valued at $554,951.91. The disclosure for this purchase can be found here. 1.39% of the stock is currently owned by company insiders.
About Bryn Mawr Bank
Bryn Mawr Bank Corporation operates as a 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 deposits, money market accounts, and wholesale non-maturity deposits.
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