Bryn Mawr Bank (BMTC) Raised to Hold at BidaskClub

Bryn Mawr Bank (NASDAQ:BMTC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also issued reports about the company. ValuEngine lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Zacks Investment Research lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.33.

Shares of Bryn Mawr Bank (BMTC) opened at $46.15 on Friday. Bryn Mawr Bank has a 12-month low of $36.80 and a 12-month high of $46.70. The company has a market capitalization of $920.06, a PE ratio of 20.51 and a beta of 0.62. 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 (NASDAQ:BMTC) last issued its earnings results on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates 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. equities analysts anticipate that Bryn Mawr Bank will post 2.44 earnings per share for the current fiscal year.

In other Bryn Mawr Bank news, EVP Joseph G. Keefer sold 11,500 shares of Bryn Mawr Bank stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total transaction of $508,070.00. Following the completion of the transaction, the executive vice president now owns 19,925 shares in the company, valued at approximately $880,286.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in Bryn Mawr Bank by 158.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 40,766 shares of the bank’s stock valued at $1,732,000 after purchasing an additional 25,012 shares during the last quarter. State Street Corp boosted its stake in shares of Bryn Mawr Bank by 5.2% in the 2nd quarter. State Street Corp now owns 298,781 shares of the bank’s stock worth $12,704,000 after buying an additional 14,854 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Bryn Mawr Bank by 4.2% in the 2nd quarter. Northern Trust Corp now owns 254,971 shares of the bank’s stock worth $10,837,000 after buying an additional 10,266 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Bryn Mawr Bank in the 2nd quarter worth approximately $361,000. Finally, Macquarie Group Ltd. boosted its stake in shares of Bryn Mawr Bank by 16.6% in the 3rd quarter. Macquarie Group Ltd. now owns 386,352 shares of the bank’s stock worth $16,922,000 after buying an additional 54,925 shares during the last quarter. Institutional investors and hedge funds own 68.67% of the company’s stock.

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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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