Zacks Investment Research lowered shares of Bryn Mawr Bank (NASDAQ:BMTC) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
Several other research analysts also recently commented on the stock. BidaskClub raised shares of Bryn Mawr Bank from a hold rating to a buy rating in a research note on Thursday, March 29th. Boenning Scattergood reaffirmed a buy rating and issued a $50.00 target price on shares of Bryn Mawr Bank in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $48.67.
Shares of NASDAQ BMTC opened at $43.60 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. Bryn Mawr Bank has a 52 week low of $38.50 and a 52 week high of $47.20. The firm has a market capitalization of $903.85, a P/E ratio of 18.02 and a beta of 0.60.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its earnings results on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Bryn Mawr Bank had a return on equity of 9.71% and a net margin of 12.20%. The firm had revenue of $45.86 million during 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, COO Alison Eichert sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $45.19, for a total transaction of $406,710.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Wendell F. Holland sold 3,500 shares of the business’s stock in a transaction on Friday, February 16th. The shares were 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 in the company, valued at $794,959.62. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in 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 during the period. Dimensional Fund Advisors LP increased its position in 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 during the period. Franklin Resources Inc. increased its position in 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 during the period. The Manufacturers Life Insurance Company increased its position in 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 during the period. Finally, Renaissance Technologies LLC increased its position in Bryn Mawr Bank by 9.8% during the 4th 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 during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.
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Bryn Mawr Bank Company Profile
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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.
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