Bryn Mawr Bank (NASDAQ:BMTC) Issues Earnings Results, Misses Estimates By $0.05 EPS
Bryn Mawr Bank (NASDAQ:BMTC) released its quarterly earnings data on Thursday. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05), Morningstar.com reports. Bryn Mawr Bank had a return on equity of 11.40% and a net margin of 22.71%. The firm had revenue of $56.83 million during the quarter, compared to analyst estimates of $58.54 million.
Shares of Bryn Mawr Bank stock opened at $36.20 on Friday. The company has a market capitalization of $729.32 million, a PE ratio of 11.46 and a beta of 0.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $37.27. Bryn Mawr Bank has a 12-month low of $32.84 and a 12-month high of $50.35.
A number of equities analysts recently commented on the company. BidaskClub downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Boenning Scattergood restated an “outperform” rating and issued a $47.75 price objective on shares of WSFS Financial in a report on Thursday, June 20th. Zacks Investment Research downgraded Forward Air from a “hold” rating to a “sell” rating in a report on Monday, June 17th. Finally, FIG Partners restated an “outperform” rating on shares of Bryn Mawr Bank in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $48.33.
A number of institutional investors have recently made changes to their positions in BMTC. Captrust Financial Advisors boosted its position in shares of Bryn Mawr Bank by 40.1% in the fourth quarter. Captrust Financial Advisors now owns 919 shares of the bank’s stock valued at $32,000 after acquiring an additional 263 shares during the period. Legal & General Group Plc boosted its position in shares of Bryn Mawr Bank by 17.1% in the fourth quarter. Legal & General Group Plc now owns 3,671 shares of the bank’s stock valued at $126,000 after acquiring an additional 535 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Bryn Mawr Bank by 330.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,155 shares of the bank’s stock valued at $150,000 after acquiring an additional 3,190 shares during the period. Boenning & Scattergood Inc. bought a new stake in shares of Bryn Mawr Bank in the first quarter valued at approximately $205,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Bryn Mawr Bank by 366.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,307 shares of the bank’s stock valued at $217,000 after acquiring an additional 4,956 shares during the period. 76.18% of the stock is owned by hedge funds and other institutional investors.
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. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.
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