Zacks Investment Research downgraded shares of Bryn Mawr Bank (NASDAQ:BMTC) from a buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “

A number of other analysts have also weighed in on BMTC. BidaskClub raised shares of Bryn Mawr Bank from a hold rating to a buy rating in a research note on Wednesday, June 6th. Sandler O’Neill lowered shares of Bryn Mawr Bank from a buy rating to a hold rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Bryn Mawr Bank presently has a consensus rating of Hold and a consensus target price of $53.67.

Bryn Mawr Bank stock opened at $47.10 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The stock has a market cap of $969.76 million, a price-to-earnings ratio of 15.86 and a beta of 0.47. Bryn Mawr Bank has a 52-week low of $40.80 and a 52-week high of $50.35.

Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Thursday, July 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). The firm had revenue of $57.39 million for the quarter, compared to analyst estimates of $53.58 million. Bryn Mawr Bank had a net margin of 15.20% and a return on equity of 11.63%. equities analysts forecast that Bryn Mawr Bank will post 3.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Wednesday, August 1st were paid a $0.25 dividend. This is a positive change from Bryn Mawr Bank’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Tuesday, July 31st. Bryn Mawr Bank’s dividend payout ratio is currently 41.32%.

In other news, Director Andrea F. Gilbert sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $48.83, for a total value of $170,905.00. Following the completion of the sale, the director now directly owns 24,660 shares of the company’s stock, valued at approximately $1,204,147.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Britton Murdoch sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $49.10, for a total transaction of $441,900.00. Following the completion of the sale, the director now directly owns 31,390 shares of the company’s stock, valued at $1,541,249. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,115 shares of company stock valued at $1,522,350. Company insiders own 1.95% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BMTC. BlackRock Inc. raised its holdings in shares of Bryn Mawr Bank by 9.8% in the 2nd quarter. BlackRock Inc. now owns 1,433,242 shares of the bank’s stock worth $66,360,000 after purchasing an additional 127,754 shares in the last quarter. BTIM Corp. bought a new stake in shares of Bryn Mawr Bank in the 2nd quarter worth approximately $4,521,000. Dimensional Fund Advisors LP raised its holdings in shares of Bryn Mawr Bank by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,016,091 shares of the bank’s stock worth $47,046,000 after purchasing an additional 69,038 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Bryn Mawr Bank by 6.0% in the 1st quarter. Franklin Resources Inc. now owns 935,056 shares of the bank’s stock worth $41,096,000 after purchasing an additional 53,330 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Bryn Mawr Bank by 7.0% in the 2nd quarter. Renaissance Technologies LLC now owns 733,719 shares of the bank’s stock worth $33,971,000 after purchasing an additional 47,803 shares in the last quarter. Institutional investors and hedge funds own 72.99% 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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

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