ValuEngine cut shares of Bryn Mawr Bank (NASDAQ:BMTC) from a hold rating to a sell rating in a research note released on Friday.

Other equities research analysts have also recently issued research reports about the stock. Boenning Scattergood cut shares of Bryn Mawr Bank from an outperform rating to a neutral rating in a research report on Friday. BidaskClub cut shares of Bryn Mawr Bank from a buy rating to a hold rating in a research report on Saturday, June 30th. Finally, Zacks Investment Research lowered shares of Bryn Mawr Bank from a buy rating to a hold rating in a research note on Monday, June 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $53.67.

BMTC traded down $2.28 during trading hours on Friday, hitting $40.71. The company’s stock had a trading volume of 109,373 shares, compared to its average volume of 48,561. Bryn Mawr Bank has a 12 month low of $39.80 and a 12 month high of $50.35. The stock has a market capitalization of $870.35 million, a PE ratio of 16.82 and a beta of 0.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96.

Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, October 18th. The bank reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. Bryn Mawr Bank had a net margin of 16.74% and a return on equity of 12.10%. The company had revenue of $55.00 million for the quarter, compared to analysts’ expectations of $55.90 million. As a group, research analysts forecast that Bryn Mawr Bank will post 3.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, October 31st. Bryn Mawr Bank’s payout ratio is 41.32%.

In other Bryn Mawr Bank news, Director Wendell F. Holland sold 1,500 shares of Bryn Mawr Bank stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $48.00, for a total transaction of $72,000.00. Following the completion of the transaction, the director now directly owns 14,303 shares of the company’s stock, valued at $686,544. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider F Kevin Tylus sold 7,000 shares of Bryn Mawr Bank stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.34, for a total transaction of $338,380.00. Following the transaction, the insider now directly owns 24,631 shares of the company’s stock, valued at $1,190,662.54. The disclosure for this sale can be found here. Insiders have sold 31,115 shares of company stock valued at $1,522,350 over the last ninety days. 1.95% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BMTC. Mount Yale Investment Advisors LLC purchased a new position in Bryn Mawr Bank during the first quarter worth $129,000. Bank of Montreal Can purchased a new position in Bryn Mawr Bank during the second quarter worth $148,000. Barclays PLC boosted its stake in Bryn Mawr Bank by 55.4% during the first quarter. Barclays PLC now owns 5,229 shares of the bank’s stock worth $230,000 after buying an additional 1,865 shares during the period. Emerald Advisers Inc. PA purchased a new position in Bryn Mawr Bank during the second quarter worth $244,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Bryn Mawr Bank by 21.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 7,234 shares of the bank’s stock valued at $335,000 after purchasing an additional 1,284 shares during the period. 72.99% of the stock is owned by 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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

Further Reading: Price to Earnings Ratio (PE) Basics

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