Bryn Mawr Bank Corporation (BMTC) Receives $48.50 Average PT from Analysts
Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $48.50.
Several brokerages recently issued reports on BMTC. Zacks Investment Research lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. BidaskClub lowered Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Boenning Scattergood upgraded Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 target price on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd.
Shares of Bryn Mawr Bank Corporation (BMTC) opened at $43.85 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market capitalization of $753.62 million, a PE ratio of 19.13 and a beta of 0.63.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. Bryn Mawr Bank Corporation had a return on equity of 10.24% and a net margin of 21.29%. The business had revenue of $45.02 million during the quarter, compared to analyst estimates of $46.85 million. equities research analysts expect that Bryn Mawr Bank Corporation will post 2.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.88 annualized dividend and a yield of 2.01%. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is currently 39.11%.
In other Bryn Mawr Bank Corporation news, EVP Joseph G. Keefer sold 11,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $880,286.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.31% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its holdings in Bryn Mawr Bank Corporation by 24.5% during the first quarter. California Public Employees Retirement System now owns 30,500 shares of the bank’s stock valued at $1,205,000 after buying an additional 6,000 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Bryn Mawr Bank Corporation by 16.2% in the first 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 last quarter. Private Advisor Group LLC acquired a new stake in shares of Bryn Mawr Bank Corporation in the second quarter valued at about $1,279,000. Teachers Advisors LLC grew its position in shares of Bryn Mawr Bank Corporation by 1.8% in the first quarter. Teachers Advisors LLC now owns 36,323 shares of the bank’s stock valued at $1,435,000 after purchasing an additional 647 shares during the last quarter. Finally, John W. Rosenthal Capital Management Inc. grew its position in shares of Bryn Mawr Bank Corporation by 2.9% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 128,225 shares of the bank’s stock valued at $5,450,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.
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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