Bryn Mawr Bank Corp. (BMTC) Given Consensus Recommendation of “Hold” by Brokerages

Bryn Mawr Bank Corp. (NASDAQ:BMTC) has been given an average recommendation of “Hold” by the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $48.50.

A number of equities analysts have weighed in on BMTC shares. BidaskClub downgraded Bryn Mawr Bank from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, ValuEngine downgraded Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Saturday.

In other news, EVP Joseph G. Keefer sold 11,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total value of $508,070.00. Following the completion of the sale, the executive vice president now owns 19,925 shares of the company’s stock, valued at approximately $880,286.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.31% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of Bryn Mawr Bank by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after buying an additional 167 shares during the last quarter. Nationwide Fund Advisors raised its stake in Bryn Mawr Bank by 1.5% in the 2nd quarter. Nationwide Fund Advisors now owns 12,139 shares of the bank’s stock valued at $516,000 after acquiring an additional 178 shares during the period. Federated Investors Inc. PA raised its stake in Bryn Mawr Bank by 5.5% in the 2nd quarter. Federated Investors Inc. PA now owns 7,528 shares of the bank’s stock valued at $320,000 after acquiring an additional 395 shares during the period. Rhumbline Advisers raised its stake in Bryn Mawr Bank by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock valued at $852,000 after acquiring an additional 520 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Bryn Mawr Bank by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after acquiring an additional 532 shares during the period. 80.57% of the stock is owned by institutional investors.

Shares of Bryn Mawr Bank (NASDAQ BMTC) traded down $0.40 on Friday, hitting $43.00. The company had a trading volume of 16,481 shares, compared to its average volume of 33,095. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.95 and a quick ratio of 0.95. Bryn Mawr Bank has a 1-year low of $35.50 and a 1-year high of $45.45. The firm has a market cap of $733.71, a price-to-earnings ratio of 18.61 and a beta of 0.63.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.05. Bryn Mawr Bank had a return on equity of 10.15% and a net margin of 21.29%. The business had revenue of $45.02 million during the quarter, compared to analyst estimates of $46.85 million. research analysts anticipate that Bryn Mawr Bank will post 2.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, October 31st. Bryn Mawr Bank’s payout ratio is presently 39.11%.

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Bryn Mawr Bank 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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