Analysts Expect Bryn Mawr Bank Corporation (BMTC) Will Announce Quarterly Sales of $46.85 Million
Wall Street analysts expect Bryn Mawr Bank Corporation (NASDAQ:BMTC) to announce $46.85 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Bryn Mawr Bank Corporation’s earnings. The lowest sales estimate is $44.47 million and the highest is $49.23 million. Bryn Mawr Bank Corporation reported sales of $40.61 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The business is expected to announce its next earnings report after the market closes on Thursday, October 19th.
On average, analysts expect that Bryn Mawr Bank Corporation will report full year sales of $46.85 million for the current financial year, with estimates ranging from $179.71 million to $187.43 million. For the next fiscal year, analysts expect that the company will report sales of $222.57 million per share, with estimates ranging from $217.26 million to $227.87 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Bryn Mawr Bank Corporation.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last issued its earnings results on Thursday, July 20th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.40 million. Bryn Mawr Bank Corporation had a return on equity of 9.96% and a net margin of 21.17%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS.
Several equities analysts have commented on the company. Zacks Investment Research cut Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub cut Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Boenning Scattergood raised Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 price target on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.00.
In other Bryn Mawr Bank Corporation news, Director Scott Mahaley Jenkins sold 3,500 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $43.75, for a total value of $153,125.00. Following the transaction, the director now directly owns 13,908 shares in the company, valued at approximately $608,475. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in 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 buying an additional 167 shares during the last quarter. Nationwide Fund Advisors boosted its position in Bryn Mawr Bank Corporation 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 buying an additional 178 shares during the last quarter. Federated Investors Inc. PA boosted its position in Bryn Mawr Bank Corporation 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 buying an additional 395 shares during the last quarter. Rhumbline Advisers boosted its position in Bryn Mawr Bank Corporation by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock valued at $852,000 after buying an additional 520 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in 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 buying an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.
Shares of Bryn Mawr Bank Corporation (NASDAQ BMTC) traded up 0.46% on Thursday, hitting $43.80. The stock had a trading volume of 43,695 shares. The firm’s 50-day moving average is $41.01 and its 200 day moving average is $41.18. The stock has a market cap of $744.64 million, a P/E ratio of 20.18 and a beta of 0.62. Bryn Mawr Bank Corporation has a 1-year low of $29.50 and a 1-year high of $44.40.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 2nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, July 31st. This is a positive change from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. Bryn Mawr Bank Corporation’s dividend payout ratio is 40.37%.
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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