Equities research analysts predict that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will announce $0.83 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bryn Mawr Bank’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.84. Bryn Mawr Bank also reported earnings per share of $0.83 during the same quarter last year. The firm is scheduled to report its next quarterly earnings results on Thursday, July 18th.
On average, analysts expect that Bryn Mawr Bank will report full-year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.09 to $3.20. For the next financial year, analysts forecast that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.37 to $3.48. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its earnings results on Thursday, April 18th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). The firm had revenue of $56.90 million during the quarter, compared to analysts’ expectations of $55.60 million. Bryn Mawr Bank had a return on equity of 11.73% and a net margin of 22.62%.
Several research analysts have issued reports on BMTC shares. Boenning Scattergood reaffirmed a “hold” rating on shares of Bryn Mawr Bank in a report on Friday, January 18th. Keefe, Bruyette & Woods cut shares of Bryn Mawr Bank from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $55.00 to $44.00 in a report on Tuesday, January 22nd. Zacks Investment Research cut shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Finally, BidaskClub raised shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Bryn Mawr Bank currently has a consensus rating of “Hold” and an average price target of $48.33.
Bryn Mawr Bank stock traded down $0.15 during trading hours on Friday, hitting $37.44. The stock had a trading volume of 2,356 shares, compared to its average volume of 49,576. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $744.64 million, a PE ratio of 10.86 and a beta of 0.74. Bryn Mawr Bank has a 12-month low of $32.84 and a 12-month high of $50.35.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.67%. Bryn Mawr Bank’s payout ratio is 28.90%.
In other news, Director Scott Mahaley Jenkins sold 4,475 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $40.03, for a total transaction of $179,134.25. Following the completion of the transaction, the director now directly owns 18,114 shares of the company’s stock, valued at $725,103.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.39% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors grew its position in Bryn Mawr Bank by 40.1% during the fourth quarter. Captrust Financial Advisors now owns 919 shares of the bank’s stock valued at $32,000 after buying an additional 263 shares during the period. Ramsey Quantitative Systems grew its position in Bryn Mawr Bank by 115.9% during the fourth quarter. Ramsey Quantitative Systems now owns 1,937 shares of the bank’s stock valued at $67,000 after buying an additional 1,040 shares during the period. SEI Investments Co bought a new stake in Bryn Mawr Bank during the first quarter valued at approximately $105,000. Bank of Montreal Can grew its position in Bryn Mawr Bank by 11.6% during the fourth quarter. Bank of Montreal Can now owns 3,551 shares of the bank’s stock valued at $122,000 after buying an additional 369 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in Bryn Mawr Bank by 77.7% during the first quarter. Great West Life Assurance Co. Can now owns 3,371 shares of the bank’s stock valued at $122,000 after buying an additional 1,474 shares during the period. Institutional investors own 76.20% of the company’s stock.
About Bryn Mawr Bank
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. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.
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