Bryn Mawr Bank Corp. (NASDAQ:BMTC) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $49.33.
A number of equities research analysts recently commented on BMTC shares. ValuEngine lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Zacks Investment Research lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd.
Bryn Mawr Bank (NASDAQ BMTC) traded up $0.50 during midday trading on Thursday, reaching $45.55. The company had a trading volume of 33,598 shares, compared to its average volume of 51,341. The company has a market cap of $899.13, a price-to-earnings ratio of 19.52 and a beta of 0.62. Bryn Mawr Bank has a 1-year low of $36.80 and a 1-year high of $46.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.95.
Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. The business had revenue of $45.02 million for the quarter, compared to analyst estimates of $46.85 million. Bryn Mawr Bank had a return on equity of 10.15% and a net margin of 21.29%. research analysts anticipate that Bryn Mawr Bank will post 2.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.93%. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 39.11%.
In related news, EVP Joseph G. Keefer sold 11,500 shares of the 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 sale, the executive vice president now directly owns 19,925 shares in the company, valued at approximately $880,286.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BMTC. Franklin Resources Inc. boosted its position in Bryn Mawr Bank by 200.4% in the 2nd quarter. Franklin Resources Inc. now owns 622,794 shares of the bank’s stock valued at $26,469,000 after buying an additional 415,444 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Bryn Mawr Bank by 15.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 697,942 shares of the bank’s stock valued at $29,662,000 after buying an additional 95,440 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Bryn Mawr Bank in the 2nd quarter valued at $2,482,000. Dimensional Fund Advisors LP boosted its position in Bryn Mawr Bank by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 860,056 shares of the bank’s stock valued at $36,553,000 after buying an additional 56,193 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Bryn Mawr Bank by 16.6% in the 3rd quarter. Macquarie Group Ltd. now owns 386,352 shares of the bank’s stock valued at $16,922,000 after buying an additional 54,925 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.
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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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