Bryn Mawr Bank (NASDAQ:BMTC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.
According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
Other equities analysts have also issued reports about the company. BidaskClub lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Sandler O’Neill lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $56.00 price target on shares of Bryn Mawr Bank in a research note on Thursday, April 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Bryn Mawr Bank has a consensus rating of “Buy” and an average target price of $53.00.
Shares of Bryn Mawr Bank stock opened at $47.85 on Monday. Bryn Mawr Bank has a 12 month low of $38.75 and a 12 month high of $48.90. The company has a market cap of $976.23 million, a P/E ratio of 19.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.96.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, April 19th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.24. Bryn Mawr Bank had a return on equity of 11.09% and a net margin of 14.05%. The company had revenue of $56.98 million during the quarter, compared to analyst estimates of $51.25 million. research analysts predict that Bryn Mawr Bank will post 3.27 earnings per share for the current year.
In related news, Director Scott Mahaley Jenkins sold 3,500 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $44.55, for a total transaction of $155,925.00. Following the completion of the transaction, the director now directly owns 12,490 shares of the company’s stock, valued at $556,429.50. The sale was disclosed in a filing with the SEC, which is available through this link. 1.95% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Bryn Mawr Bank in the 4th quarter valued at approximately $105,000. SG Americas Securities LLC bought a new stake in shares of Bryn Mawr Bank in the 1st quarter valued at approximately $105,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Bryn Mawr Bank in the 1st quarter valued at approximately $129,000. Bank of Montreal Can lifted its stake in shares of Bryn Mawr Bank by 66.0% in the 4th quarter. Bank of Montreal Can now owns 3,737 shares of the bank’s stock valued at $165,000 after purchasing an additional 1,486 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Bryn Mawr Bank in the 1st quarter valued at approximately $203,000. 72.93% of the stock is owned by institutional investors and hedge funds.
About Bryn Mawr Bank
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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