Wall Street analysts expect that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will report earnings per share of $0.76 for the current quarter, Zacks reports. Two analysts have provided estimates for Bryn Mawr Bank’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.79. Bryn Mawr Bank posted earnings of $0.70 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The business is expected to issue its next earnings report on Thursday, April 16th.
According to Zacks, analysts expect that Bryn Mawr Bank will report full year earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.75 to $3.19. For the next year, analysts forecast that the business will report earnings of $3.35 per share, with EPS estimates ranging from $3.30 to $3.40. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings data on Thursday, January 16th. The bank reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $59.24 million during the quarter, compared to analysts’ expectations of $57.97 million. Bryn Mawr Bank had a return on equity of 10.56% and a net margin of 21.49%.
A number of brokerages have issued reports on BMTC. ValuEngine raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. TheStreet lowered Bryn Mawr Bank from a “b-” rating to a “c+” rating in a research note on Wednesday, March 11th. BidaskClub lowered Bryn Mawr Bank from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 7th. Finally, Zacks Investment Research raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Bryn Mawr Bank has a consensus rating of “Hold”.
NASDAQ:BMTC traded up $1.51 during mid-day trading on Thursday, reaching $27.14. The company’s stock had a trading volume of 828 shares, compared to its average volume of 84,969. The company’s fifty day simple moving average is $33.19 and its two-hundred day simple moving average is $37.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.86 and a quick ratio of 0.86. Bryn Mawr Bank has a twelve month low of $22.20 and a twelve month high of $41.40. The stock has a market cap of $545.79 million, a P/E ratio of 9.08 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, January 31st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, January 30th. Bryn Mawr Bank’s payout ratio is 33.55%.
A number of large investors have recently modified their holdings of the business. Corbenic Partners LLC acquired a new position in Bryn Mawr Bank during the 4th quarter worth approximately $42,000. Advisor Group Inc. lifted its position in Bryn Mawr Bank by 60.2% during the 4th quarter. Advisor Group Inc. now owns 1,336 shares of the bank’s stock worth $55,000 after acquiring an additional 502 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in Bryn Mawr Bank during the 4th quarter worth approximately $58,000. Citigroup Inc. lifted its position in Bryn Mawr Bank by 47.8% during the 4th quarter. Citigroup Inc. now owns 4,064 shares of the bank’s stock worth $168,000 after acquiring an additional 1,315 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Bryn Mawr Bank during the 4th quarter worth approximately $176,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.
Bryn Mawr Bank Company Profile
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.
See Also: Cost of Goods Sold (COGS)
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