Bryn Mawr Bank Corp. (NASDAQ:BMTC) – FIG Partners issued their Q1 2020 earnings per share (EPS) estimates for Bryn Mawr Bank in a report issued on Friday, October 19th. FIG Partners analyst D. Bishop forecasts that the bank will post earnings of $0.88 per share for the quarter. FIG Partners also issued estimates for Bryn Mawr Bank’s Q2 2020 earnings at $0.93 EPS, Q3 2020 earnings at $0.96 EPS and FY2020 earnings at $3.78 EPS.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its earnings results on Thursday, October 18th. The bank reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. Bryn Mawr Bank had a return on equity of 12.10% and a net margin of 16.74%. The firm had revenue of $55.00 million for the quarter, compared to analyst estimates of $55.90 million.
BMTC has been the topic of a number of other research reports. Zacks Investment Research lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. BidaskClub upgraded Bryn Mawr Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. ValuEngine lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Boenning Scattergood lowered Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Bryn Mawr Bank presently has an average rating of “Hold” and an average price target of $53.67.
Shares of NASDAQ:BMTC opened at $40.71 on Monday. Bryn Mawr Bank has a 1 year low of $39.80 and a 1 year high of $50.35. The company has a market cap of $824.17 million, a PE ratio of 16.82 and a beta of 0.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96.
A number of hedge funds have recently made changes to their positions in the business. Summit Global Investments raised its holdings in shares of Bryn Mawr Bank by 8.8% during the 2nd quarter. Summit Global Investments now owns 13,600 shares of the bank’s stock worth $630,000 after acquiring an additional 1,100 shares during the period. MetLife Investment Advisors LLC raised its holdings in shares of Bryn Mawr Bank by 15.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 9,382 shares of the bank’s stock worth $434,000 after acquiring an additional 1,231 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in shares of Bryn Mawr Bank by 21.6% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,234 shares of the bank’s stock worth $335,000 after acquiring an additional 1,284 shares during the period. Barclays PLC raised its holdings in shares of Bryn Mawr Bank by 55.4% during the 1st quarter. Barclays PLC now owns 5,229 shares of the bank’s stock worth $230,000 after acquiring an additional 1,865 shares during the period. Finally, Financial Architects Inc raised its holdings in shares of Bryn Mawr Bank by 38.2% during the 2nd quarter. Financial Architects Inc now owns 7,725 shares of the bank’s stock worth $358,000 after acquiring an additional 2,136 shares during the period. Institutional investors own 72.99% of the company’s stock.
In other Bryn Mawr Bank news, insider F Kevin Tylus sold 7,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.34, for a total value of $338,380.00. Following the transaction, the insider now owns 24,631 shares in the company, valued at approximately $1,190,662.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francis J. Leto sold 8,075 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $49.47, for a total value of $399,470.25. Following the completion of the transaction, the chief executive officer now owns 48,123 shares in the company, valued at approximately $2,380,644.81. The disclosure for this sale can be found here. Insiders sold a total of 31,115 shares of company stock worth $1,522,350 in the last 90 days. 1.95% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. Bryn Mawr Bank’s payout ratio is currently 41.32%.
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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