Bryn Mawr Bank (BMTC) Downgraded by ValuEngine

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ValuEngine cut shares of Bryn Mawr Bank (NASDAQ:BMTC) from a hold rating to a sell rating in a research report released on Friday.

Several other analysts also recently weighed in on BMTC. Zacks Investment Research upgraded Bryn Mawr Bank from a hold rating to a buy rating and set a $55.00 price objective for the company in a report on Tuesday, July 24th. BidaskClub upgraded Bryn Mawr Bank from a hold rating to a buy rating in a report on Friday, June 22nd. Finally, Boenning Scattergood downgraded Bryn Mawr Bank from an outperform rating to a neutral rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Bryn Mawr Bank presently has a consensus rating of Hold and an average price target of $53.67.

Shares of BMTC stock traded down $2.28 on Friday, hitting $40.71. The stock had a trading volume of 109,373 shares, compared to its average volume of 48,561. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $870.35 million, a P/E ratio of 16.82 and a beta of 0.45. Bryn Mawr Bank has a one year low of $39.80 and a one year high of $50.35.

Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, October 18th. The bank reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $55.00 million during the quarter, compared to the consensus estimate of $55.90 million. Bryn Mawr Bank had a return on equity of 12.10% and a net margin of 16.74%. On average, analysts anticipate that Bryn Mawr Bank will post 3.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors 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 annualized dividend and a dividend yield of 2.46%. Bryn Mawr Bank’s payout ratio is currently 41.32%.

In related news, Director Britton Murdoch sold 9,000 shares of Bryn Mawr Bank stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $49.10, for a total value of $441,900.00. Following the completion of the sale, the director now directly owns 31,390 shares in the company, valued at $1,541,249. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wendell F. Holland sold 1,500 shares of Bryn Mawr Bank stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $48.00, for a total value of $72,000.00. Following the completion of the sale, the director now owns 14,303 shares of the company’s stock, valued at $686,544. The disclosure for this sale can be found here. Insiders sold 31,115 shares of company stock valued at $1,522,350 over the last 90 days. 1.95% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in BMTC. Mount Yale Investment Advisors LLC bought a new position in Bryn Mawr Bank in the first quarter worth about $129,000. Bank of Montreal Can bought a new position in Bryn Mawr Bank in the second quarter worth about $148,000. Barclays PLC raised its holdings in Bryn Mawr Bank by 55.4% in the first quarter. Barclays PLC now owns 5,229 shares of the bank’s stock worth $230,000 after purchasing an additional 1,865 shares in the last quarter. Emerald Advisers Inc. PA bought a new position in Bryn Mawr Bank in the second quarter worth about $244,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Bryn Mawr Bank by 21.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,234 shares of the bank’s stock worth $335,000 after purchasing an additional 1,284 shares in the last quarter. Institutional investors and hedge funds own 72.99% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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