Bryn Mawr Bank Corp. (NASDAQ:BMTC) CEO Francis J. Leto sold 8,075 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 48,123 shares of the company’s stock, valued at $2,380,644.81. The sale was disclosed in a legal filing with the SEC, which is available at this link.

BMTC stock opened at $49.05 on Friday. The company has a market cap of $1.00 billion, a P/E ratio of 20.27 and a beta of 0.56. Bryn Mawr Bank Corp. has a 1 year low of $38.75 and a 1 year 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 0.38.

Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, July 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.04). The company had revenue of $57.39 million for the quarter, compared to analyst estimates of $53.58 million. Bryn Mawr Bank had a return on equity of 11.63% and a net margin of 15.20%. research analysts expect that Bryn Mawr Bank Corp. will post 3.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Wednesday, August 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.04%. This is a boost from Bryn Mawr Bank’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 31st. Bryn Mawr Bank’s dividend payout ratio is currently 41.32%.

A number of hedge funds have recently added to or reduced their stakes in BMTC. Millennium Management LLC increased its position in Bryn Mawr Bank by 83.6% in the 2nd quarter. Millennium Management LLC now owns 15,201 shares of the bank’s stock valued at $704,000 after acquiring an additional 6,920 shares during the period. Zebra Capital Management LLC increased its position in Bryn Mawr Bank by 158.4% in the 2nd quarter. Zebra Capital Management LLC now owns 17,474 shares of the bank’s stock valued at $809,000 after acquiring an additional 10,712 shares during the period. MetLife Investment Advisors LLC increased its position in Bryn Mawr Bank by 15.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 9,382 shares of the bank’s stock valued at $434,000 after acquiring an additional 1,231 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Bryn Mawr Bank by 21.6% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,234 shares of the bank’s stock valued at $335,000 after acquiring an additional 1,284 shares during the period. Finally, Zacks Investment Management increased its position in Bryn Mawr Bank by 138.1% in the 2nd quarter. Zacks Investment Management now owns 66,717 shares of the bank’s stock valued at $3,089,000 after acquiring an additional 38,697 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

A number of equities analysts recently issued reports on BMTC shares. BidaskClub cut shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Sandler O’Neill cut shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, July 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $53.67.

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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

Read More: Market Capitalization and Individual Investors

Insider Buying and Selling by Quarter for Bryn Mawr Bank (NASDAQ:BMTC)

Receive News & Ratings for Bryn Mawr Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank and related companies with MarketBeat.com's FREE daily email newsletter.