AcquisitionBMTX's shares are set to receive a significant boost as First Carolina Bank has agreed to acquire the company at a 55% premium to the closing price.

Market ValuationThe agreed acquisition price, representing a substantial 55% premium, highlights the strong market valuation and confidence in BMTX's business potential.

Strategic PartnershipFirst Carolina Bank, a long-term partner of BMTX, is well-positioned to create synergies and enhance the value of BMTX's core student financial aid disbursement business.

Bears Say

Financial PerformanceBMTX reported a miss on adjusted EBITDA due to elevated technology expenses related to new products.

Stock RatingThe rating for BMTX was reduced to Hold from Buy due to limited upside.

Stock ValuationWith BMTX shares now trading near the $5.00 acquisition price, there is limited upside.

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Financials

Annual

Income Statement >

Options Prices

Currently, No data available

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Ownership Overview

10.67% Insiders

8.05% Mutual Funds

5.00% Other Institutional Investors

72.87% Public Companies and

Individual Investors

Detailed Ownership Overview >

BMTX FAQ

What was BM Technologies’s price range in the past 12 months?

BM Technologies lowest stock price was $1.45 and its highest was $5.00 in the past 12 months.

What is BM Technologies’s market cap?

BM Technologies’s market cap is $59.96M.

When is BM Technologies’s upcoming earnings report date?

BM Technologies’s upcoming earnings report date is Mar 26, 2025 which is in 63 days.

How were BM Technologies’s earnings last quarter?

BM Technologies released its earnings results on Nov 14, 2024. The company reported -$0.42 earnings per share for the quarter, missing the consensus estimate of -$0.195 by -$0.225.

Is BM Technologies overvalued?

According to Wall Street analysts BM Technologies’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does BM Technologies pay dividends?

BM Technologies does not currently pay dividends.

What is BM Technologies’s EPS estimate?

BM Technologies’s EPS estimate is -0.11.

How many shares outstanding does BM Technologies have?

BM Technologies has 12,088,487 shares outstanding.

What happened to BM Technologies’s price movement after its last earnings report?

BM Technologies reported an EPS of -$0.42 in its last earnings report, missing expectations of -$0.195. Following the earnings report the stock price went up 0.846%.

Which hedge fund is a major shareholder of BM Technologies?

Currently, no hedge funds are holding shares in BMTX

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BM Technologies Stock Smart Score

Unlock Smart Score

Fundamentals

Return on Equity

-46.77%

Trailing 12-Months

Asset Growth

-14.12%

Trailing 12-Months

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Company Description

BM Technologies

Megalith Financial Acquisition Corp. is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization with one or more businesses. It also intends to focus its search on the financial technology and financial services sectors. The company was founded on November 13, 2017 and is headquartered in New York, NY.

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BMTX Earnings Call

Q2 2024

0:00 / 0:00

Earnings Call Sentiment|Neutral

The earnings call presented a mix of positive developments, such as significant growth in interchange and card revenue, successful product launches, and strong client retention, alongside challenges like continued core EBITDA loss and a decline in servicing fee revenue and BaaS deposits. The sentiment remains balanced with promising growth potential in higher education and new product offerings, yet concerns persist about profitability in the BaaS business.Read More>

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