Bryn Mawr Bank Corp. (NASDAQ:BMTC) – Investment analysts at Boenning Scattergood raised their Q1 2018 earnings estimates for shares of Bryn Mawr Bank in a report released on Wednesday, according to Zacks Investment Research. Boenning Scattergood analyst M. Schultheis now anticipates that the bank will earn $0.70 per share for the quarter, up from their prior forecast of $0.64. Boenning Scattergood also issued estimates for Bryn Mawr Bank’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.83 EPS and Q4 2018 earnings at $0.87 EPS.
Several other research analysts also recently weighed in on BMTC. Zacks Investment Research downgraded Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. ValuEngine downgraded Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, BidaskClub downgraded Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $49.33.
Shares of Bryn Mawr Bank (BMTC) traded up $0.10 during mid-day trading on Thursday, hitting $46.15. The stock had a trading volume of 27,360 shares, compared to its average volume of 63,500. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. The firm has a market cap of $786.86, a P/E ratio of 20.51 and a beta of 0.62. Bryn Mawr Bank has a twelve month low of $36.80 and a twelve month high of $46.70.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its earnings results on Thursday, October 19th. The bank reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The business had revenue of $45.02 million during the quarter, compared to the consensus estimate of $46.85 million. Bryn Mawr Bank had a return on equity of 10.15% and a net margin of 21.29%.
Large investors have recently modified their holdings of the business. Kistler Tiffany Companies LLC grew its holdings in Bryn Mawr Bank by 2,952.5% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,442 shares of the bank’s stock valued at $107,000 after buying an additional 2,362 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Bryn Mawr Bank in the 3rd quarter valued at $133,000. Legal & General Group Plc grew its holdings in Bryn Mawr Bank by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after buying an additional 167 shares in the last quarter. Citigroup Inc. grew its holdings in Bryn Mawr Bank by 83.6% in the 2nd quarter. Citigroup Inc. now owns 4,724 shares of the bank’s stock valued at $201,000 after buying an additional 2,151 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Bryn Mawr Bank in the 2nd quarter valued at $205,000. Institutional investors own 69.80% of the company’s stock.
In related news, EVP Joseph G. Keefer sold 11,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total value of $508,070.00. Following the completion of the transaction, the executive vice president now directly owns 19,925 shares of the company’s stock, valued at approximately $880,286.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.31% of the stock is currently owned by corporate insiders.
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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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