Media coverage about Bryn Mawr Bank (NASDAQ:BMTC) has trended somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bryn Mawr Bank earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.9045330847419 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- BRIEF-Bryn Mawr Bank Corp Receives Regulatory Approval For The Acquisition Of Royal Bancshares Of Pennsylvania (in.reuters.com)
- Does BMTC Group Inc’s (TSX:GBT) Past Performance Indicate A Stronger Future? (finance.yahoo.com)
- With final acquisition hurdle cleared, Bryn Mawr Bank plans branch consolidation (bizjournals.com)
- ETFs with exposure to Bryn Mawr Bank Corp. : November 27, 2017 (finance.yahoo.com)
Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. ValuEngine lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.50.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Thursday, October 19th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. Bryn Mawr Bank had a net margin of 21.29% and a return on equity of 10.15%. The firm had revenue of $45.02 million during the quarter, compared to analyst estimates of $46.85 million. equities research analysts forecast that Bryn Mawr Bank will post 2.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.88 annualized dividend and a yield of 1.99%. Bryn Mawr Bank’s payout ratio is currently 39.11%.
In related news, EVP Joseph G. Keefer sold 11,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total transaction of $508,070.00. Following the completion of the transaction, the executive vice president now owns 19,925 shares in the company, valued at $880,286.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.31% of the stock is currently owned by corporate insiders.
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About Bryn Mawr Bank
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.
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