$0.60 Earnings Per Share Expected for Bryn Mawr Bank Corporation (BMTC) This Quarter
Wall Street analysts expect that Bryn Mawr Bank Corporation (NASDAQ:BMTC) will report $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Bryn Mawr Bank Corporation’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.60. Bryn Mawr Bank Corporation posted earnings per share of $0.55 in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, October 19th.
On average, analysts expect that Bryn Mawr Bank Corporation will report full-year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.35 to $2.38. For the next fiscal year, analysts anticipate that the company will post earnings of $2.83 per share, with EPS estimates ranging from $2.80 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Bryn Mawr Bank Corporation.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a return on equity of 9.96% and a net margin of 21.17%. The company had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.40 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis.
BMTC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 price objective on shares of Bryn Mawr Bank Corporation in a research report on Sunday, July 23rd. Boenning Scattergood upgraded Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, July 24th. BidaskClub lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Bryn Mawr Bank Corporation has an average rating of “Hold” and a consensus target price of $48.50.
Shares of Bryn Mawr Bank Corporation (NASDAQ BMTC) traded up 0.11% on Friday, reaching $44.55. The company’s stock had a trading volume of 41,079 shares. The stock has a market capitalization of $757.39 million, a price-to-earnings ratio of 20.53 and a beta of 0.63. Bryn Mawr Bank Corporation has a 52 week low of $29.50 and a 52 week high of $44.85. The stock has a 50-day moving average of $42.07 and a 200 day moving average of $41.71.
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In related news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $43.75, for a total transaction of $153,125.00. Following the sale, the director now owns 13,908 shares of the company’s stock, valued at approximately $608,475. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.31% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Bryn Mawr Bank Corporation in the 1st quarter valued at about $134,000. Public Employees Retirement System of Ohio raised its stake in shares of Bryn Mawr Bank Corporation 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 purchasing an additional 532 shares during the period. Legal & General Group Plc raised its stake in shares of Bryn Mawr Bank Corporation 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 purchasing an additional 167 shares during the period. Citigroup Inc. raised its stake in shares of Bryn Mawr Bank Corporation by 83.6% in the 2nd quarter. Citigroup Inc. now owns 4,724 shares of the bank’s stock valued at $201,000 after purchasing an additional 2,151 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Bryn Mawr Bank Corporation in the 2nd quarter valued at about $205,000. 79.19% of the stock is currently owned by institutional investors and hedge funds.
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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