Bryn Mawr Bank Corp. (BMTC) was Initiated by FIG Partners to “Outperform”. FIG Partners advised their investors in a research report released on May 19, 2016.
On the company’s financial health, Bryn Mawr Bank Corp. reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.47.Analysts expectations of $ 38.90.During the same quarter in the previous year, the company posted $0.51 EPS.
Bryn Mawr Bank Corp. opened for trading at $27.93 and hit $28.49 on the upside on Monday, eventually ending the session at $28.42, with a gain of 1.90% or 0.53 points. The heightened volatility saw the trading volume jump to 74,547 shares. Company has a market cap of $478 M.
In a different news, on May 16, 2016, Michael Joseph Clement (director) purchased 2,000 shares at $28.30 per share price. According to the SEC, on May 13, 2016, Geoffrey L Halberstadt (EVP of BMTC, a sub. of BMBC) sold 4,250 shares at $28.60 per share price. On Feb 17, 2016, Michael W Harrington (CFO) purchased 1,000 shares at $25.15 per share price, according to the Form-4 filing with the securities and exchange commission.
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers 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. The Company operates through two segments: Wealth Management and Banking. The Company’s Wealth Management segment offers various services including trust administration other related fiduciary services custody investment management and advisory services employee benefits and IRA administration estate settlement tax services and brokerage. The Company’s Banking segment consists of commercial and retail banking. The Company operates around 19 full-service branches seven life care community offices five wealth offices and a full-service insurance agency.