Bryn Mawr Bank Corporation (BMTC) Given Average Rating of “Hold” by Analysts

Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) have received an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $48.50.

Several brokerages recently issued reports on BMTC. BidaskClub cut Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Boenning Scattergood upgraded Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of Bryn Mawr Bank Corporation in a research note on Sunday, July 23rd.

Bryn Mawr Bank Corporation (BMTC) traded down 0.22% during mid-day trading on Friday, reaching $44.60. 27,708 shares of the company traded hands. The firm’s 50-day moving average is $41.81 and its 200 day moving average is $41.62. The stock has a market capitalization of $758.24 million, a PE ratio of 20.55 and a beta of 0.63. Bryn Mawr Bank Corporation has a 52-week low of $29.50 and a 52-week high of $44.85.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a return on equity of 9.96% and a net margin of 21.17%. The firm had revenue of $42.75 million for the quarter, compared to analysts’ expectations of $42.40 million. During the same period last year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Bryn Mawr Bank Corporation will post $2.40 earnings per share for the current year.

In other Bryn Mawr Bank Corporation news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $43.75, for a total value of $153,125.00. Following the sale, the director now directly owns 13,908 shares in the company, valued at $608,475. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.31% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System raised its stake in shares of Bryn Mawr Bank Corporation by 24.5% during the first quarter. California Public Employees Retirement System now owns 30,500 shares of the bank’s stock valued at $1,205,000 after purchasing an additional 6,000 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Bryn Mawr Bank Corporation by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after purchasing an additional 532 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Bryn Mawr Bank Corporation during the second quarter valued at about $1,279,000. Teachers Advisors LLC raised its stake in shares of Bryn Mawr Bank Corporation by 1.8% during the first quarter. Teachers Advisors LLC now owns 36,323 shares of the bank’s stock valued at $1,435,000 after purchasing an additional 647 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. raised its stake in shares of Bryn Mawr Bank Corporation by 2.9% during the second quarter. John W. Rosenthal Capital Management Inc. now owns 128,225 shares of the bank’s stock valued at $5,450,000 after purchasing an additional 3,600 shares in the last quarter. Institutional investors own 79.19% of the company’s stock.

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Bryn Mawr Bank Corporation 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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