Bryn Mawr Bank (BMTC) Set to Announce Quarterly Earnings on Thursday
Bryn Mawr Bank (NASDAQ:BMTC) is set to announce its earnings results after the market closes on Thursday, January 18th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.05. The company had revenue of $45.02 million for the quarter, compared to analysts’ expectations of $46.85 million. Bryn Mawr Bank had a return on equity of 10.15% and a net margin of 21.29%. On average, analysts expect Bryn Mawr Bank to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Bryn Mawr Bank (NASDAQ:BMTC) opened at $45.35 on Thursday. The firm has a market capitalization of $767.26, a PE ratio of 20.16 and a beta of 0.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. Bryn Mawr Bank has a 1-year low of $36.80 and a 1-year high of $46.55.
In other news, EVP Joseph G. Keefer sold 11,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total transaction of $508,070.00. Following the transaction, the executive vice president now directly owns 19,925 shares of the company’s stock, valued at $880,286.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.31% of the stock is currently owned by insiders.
A number of equities analysts recently weighed in on BMTC shares. Zacks Investment Research cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. ValuEngine cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, BidaskClub cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.33.
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About Bryn Mawr Bank
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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