Dropping The 52 Week Low, Bryn Mawr Bank Corp. (Nasdaq:BMTC) Closing Trading At $35.65

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Bryn Mawr Bank Corp. (Nasdaq:BMTC)

December 6th, 2018
Bryn Mawr Bank Corp. fell $0.37 Thursday, down 1.03%, closing at $35.65. As well as the drop in value, Bryn Mawr Bank Corp. hit a new 52 week low of $34.77, breaking the previous low of $35.96 from earlier this month. Despite the drop in value, trading volumes were solid at 201% of normal which can indicate investor opportunities.

BMTC outperformed the rest of the Financials sector which went down just 1.44% today.

Expectations from 5 analysts indicates that Bryn Mawr Bank Corp. might increase significantly (38%), while Finbox has calculated (with high uncertainty) a fair value price of $39.24.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.

Communication Services saw the biggest turnaround from its 5-day performance of -0.23%, as it went up 1.04%. Energy and Materials saw turn arounds from their five day positive performance, Energy with a drop of 1.77%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Bryn Mawr Trust is based in Bryn Mawr, United States of America. Bryn Mawr Trust was founded in 1889.

Bryn Mawr Bank Corp. Info

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. It also provides loan and lease portfolio of products, such as commercial and residential mortgage, construction, commercial and industrial, and consumer loans, as well as home equity lines and loans; and leasing services. In addition, the company offers wealth management services, such as trust administration and other related fiduciary, custody, investment management and advisory, employee benefit account and IRA administration, estate settlement, tax, financial planning, and brokerage services. Further, it provides insurance and related products and services, such as casualty, property, and allied insurance lines, as well as life insurance, annuities, medical insurance, and accident and health insurance for groups and individuals. Additionally, the company offers a small-ticket equipment financing services. As of December 31, 2017, it owned and operated 37 full-service branch locations, 8 limited-hour retirement community branches, 2 limited-service branch locations, 6 wealth management offices, and 1 insurance agency in Montgomery, Delaware, Chester, Philadelphia, Berks, and Dauphin counties in Pennsylvania; Mercer and Camden counties of New Jersey; and New Castle county in Delaware. The company was founded in 1889 and is headquartered in Bryn Mawr, Pennsylvania.

All amounts in USD unless otherwise indicated
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