BidaskClub upgraded shares of Bryn Mawr Bank (NASDAQ:BMTC) from a sell rating to a hold rating in a research report report published on Monday, February 5th.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Bryn Mawr Bank from a hold rating to a buy rating and set a $50.00 target price for the company in a report on Thursday, February 1st. Boenning Scattergood reissued a buy rating and set a $50.00 target price on shares of Bryn Mawr Bank in a report on Monday, January 29th. Finally, ValuEngine downgraded Bryn Mawr Bank from a buy rating to a hold rating in a research note on Saturday, November 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $49.00.
Shares of Bryn Mawr Bank (NASDAQ BMTC) opened at $44.15 on Monday. Bryn Mawr Bank has a twelve month low of $36.80 and a twelve month high of $46.90. 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 capitalization of $889.14, a price-to-earnings ratio of 18.45 and a beta of 0.59.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Monday, January 29th. The bank reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). Bryn Mawr Bank had a return on equity of 10.53% and a net margin of 12.20%. The firm had revenue of $45.86 million for the quarter, compared to analyst estimates of $45.47 million. research analysts forecast that Bryn Mawr Bank will post 3.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, February 8th. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 65.19%.
In related news, Director Michael Joseph Clement purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $43.84 per share, with a total value of $122,752.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Bryn Mawr Bank by 9.8% in the fourth quarter. Renaissance Technologies LLC now owns 623,057 shares of the bank’s stock valued at $27,539,000 after purchasing an additional 55,357 shares in the last quarter. Geode Capital Management LLC raised its stake in Bryn Mawr Bank by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 167,271 shares of the bank’s stock valued at $7,392,000 after purchasing an additional 12,968 shares in the last quarter. American International Group Inc. raised its stake in Bryn Mawr Bank by 12.2% in the fourth quarter. American International Group Inc. now owns 12,610 shares of the bank’s stock valued at $557,000 after purchasing an additional 1,369 shares in the last quarter. BlackRock Inc. raised its stake in Bryn Mawr Bank by 7.1% in the fourth quarter. BlackRock Inc. now owns 1,290,587 shares of the bank’s stock valued at $57,044,000 after purchasing an additional 85,723 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Bryn Mawr Bank by 2.8% in the fourth quarter. Eagle Asset Management Inc. now owns 63,685 shares of the bank’s stock valued at $2,814,000 after purchasing an additional 1,754 shares in the last quarter. 67.95% of the stock is owned by institutional investors and hedge funds.
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Bryn Mawr Bank 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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