Bryn Mawr Bank (BMTC) Cut to “Hold” at Zacks Investment Research

Bryn Mawr Bank (NASDAQ:BMTC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “

Other equities analysts have also issued reports about the stock. Boenning Scattergood reissued a “buy” rating and set a $50.00 price target on shares of Bryn Mawr Bank in a research report on Monday, January 29th. BidaskClub raised shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, ValuEngine lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bryn Mawr Bank presently has an average rating of “Hold” and an average price target of $49.00.

Shares of Bryn Mawr Bank (BMTC) opened at $45.10 on Tuesday. Bryn Mawr Bank has a 12 month low of $36.80 and a 12 month high of $46.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $915.35, a P/E ratio of 33.41 and a beta of 0.59.

Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $45.86 million for the quarter, compared to analysts’ expectations of $45.47 million. analysts anticipate that Bryn Mawr Bank will post 3.07 earnings per share for the current fiscal year.

In other Bryn Mawr Bank news, Director Michael Joseph Clement purchased 2,800 shares of Bryn Mawr Bank stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $43.84 per share, with a total value of $122,752.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Wendell F. Holland sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.03, for a total transaction of $157,605.00. Following the transaction, the director now directly owns 17,654 shares of the company’s stock, valued at $794,959.62. The disclosure for this sale can be found here. Company insiders own 2.31% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Bryn Mawr Bank by 7.1% during the 4th 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. Dimensional Fund Advisors LP increased its holdings in shares of Bryn Mawr Bank by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 896,846 shares of the bank’s stock valued at $39,282,000 after purchasing an additional 36,790 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Bryn Mawr Bank by 40.9% during the 4th quarter. Franklin Resources Inc. now owns 881,726 shares of the bank’s stock valued at $38,972,000 after purchasing an additional 256,126 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Bryn Mawr Bank by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 744,704 shares of the bank’s stock valued at $31,650,000 after purchasing an additional 8,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Bryn Mawr Bank by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 702,322 shares of the bank’s stock valued at $31,042,000 after purchasing an additional 2,087 shares in the last quarter. 69.83% of the stock is owned by hedge funds and other institutional investors.

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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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