Equities analysts expect Bryn Mawr Bank Corporation (NASDAQ:BMTC) to post $42.83 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Bryn Mawr Bank Corporation’s earnings, with the lowest sales estimate coming in at $42.38 million and the highest estimate coming in at $43.27 million. Bryn Mawr Bank Corporation posted sales of $40.45 million during the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The firm is scheduled to announce its next earnings report on Thursday, July 20th.
On average, analysts expect that Bryn Mawr Bank Corporation will report full year sales of $42.83 million for the current year, with estimates ranging from $184.22 million to $184.54 million. For the next fiscal year, analysts forecast that the firm will report sales of $222.30 million per share, with estimates ranging from $222.04 million to $222.56 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Bryn Mawr Bank Corporation.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its quarterly earnings data on Thursday, April 20th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Bryn Mawr Bank Corporation had a net margin of 21.23% and a return on equity of 9.76%. The firm had revenue of $40.63 million during the quarter, compared to analyst estimates of $41.95 million.
A number of brokerages recently issued reports on BMTC. Zacks Investment Research upgraded shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, April 24th. ValuEngine upgraded shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $44.00 price objective on shares of Bryn Mawr Bank Corporation in a report on Thursday, April 20th.
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A number of hedge funds and other institutional investors have recently modified their holdings of BMTC. Maltese Capital Management LLC boosted its position in shares of Bryn Mawr Bank Corporation by 15.1% in the fourth quarter. Maltese Capital Management LLC now owns 86,425 shares of the bank’s stock worth $3,643,000 after buying an additional 11,325 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Bryn Mawr Bank Corporation by 175.8% in the fourth quarter. AQR Capital Management LLC now owns 18,319 shares of the bank’s stock worth $772,000 after buying an additional 11,676 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Bryn Mawr Bank Corporation during the fourth quarter worth about $247,000. Franklin Resources Inc. purchased a new position in shares of Bryn Mawr Bank Corporation during the fourth quarter worth about $3,319,000. Finally, GSA Capital Partners LLP boosted its position in shares of Bryn Mawr Bank Corporation by 105.7% in the fourth quarter. GSA Capital Partners LLP now owns 20,179 shares of the bank’s stock worth $851,000 after buying an additional 10,370 shares in the last quarter. Hedge funds and other institutional investors own 75.64% of the company’s stock.
Bryn Mawr Bank Corporation (BMTC) traded down 2.35% during trading on Friday, reaching $41.55. 78,050 shares of the company were exchanged. Bryn Mawr Bank Corporation has a 52-week low of $27.51 and a 52-week high of $43.85. The firm has a market cap of $705.81 million, a price-to-earnings ratio of 19.25 and a beta of 0.62. The firm has a 50-day moving average of $41.85 and a 200-day moving average of $40.74.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Tuesday, May 2nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Friday, April 28th. Bryn Mawr Bank Corporation’s dividend payout ratio is currently 39.07%.
Bryn Mawr Bank Corporation Company Profile
Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer 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 from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.
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