Revenue Update on Bryn Mawr Bank Corp.(NASDAQ:BMTC)

Bryn Mawr Bank Corp.(NASDAQ:BMTC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $40.45M. Analysts estimated a revenue of $40.07M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.51.

Bryn Mawr Bank Corp. (BMTC) shares turned negative on Wednesdays trading session with the shares closing down -0.34 points or -1.15% at a volume of 30,451. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.61. The peak price level was also seen at $29.61 while the days lowest was $29.03. Finally the shares closed at $29.13. The 52-week high of the shares is $31.48 while the 52-week low is $23.92. According to the latest information available, the market cap of the company is $490 M.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Michael Joseph Clement (director) purchased 2,000 shares at $28.30 per share price.Also, 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.

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