Bryn Mawr Bank Corp. (BMTC) Receives $51.00 Consensus PT from Analysts

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Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) have earned an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $51.00.

A number of research firms have weighed in on BMTC. Zacks Investment Research raised shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, July 24th. BidaskClub lowered shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Boenning Scattergood lowered shares of Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a research report on Friday, October 19th. ValuEngine lowered shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, FIG Partners raised shares of Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Tuesday, October 23rd.

In other news, insider F Kevin Tylus sold 7,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $48.34, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andrea F. Gilbert sold 3,500 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $48.83, for a total transaction of $170,905.00. Following the transaction, the director now owns 24,660 shares in the company, valued at approximately $1,204,147.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,075 shares of company stock worth $1,422,655. Insiders own 1.95% of the company’s stock.

Large investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in shares of Bryn Mawr Bank during the 2nd quarter worth about $148,000. Engineers Gate Manager LP bought a new position in shares of Bryn Mawr Bank during the 3rd quarter worth about $214,000. Barclays PLC increased 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 purchasing an additional 1,865 shares during the period. Emerald Advisers Inc. PA bought a new position in shares of Bryn Mawr Bank during the 2nd quarter worth about $244,000. Finally, Metropolitan Life Insurance Co. NY increased 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 purchasing an additional 1,284 shares during the period. Institutional investors own 73.15% of the company’s stock.

Bryn Mawr Bank stock traded down $0.43 on Monday, reaching $40.26. 28,253 shares of the stock were exchanged, compared to its average volume of 69,886. The firm has a market cap of $818.72 million, a price-to-earnings ratio of 16.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.96. Bryn Mawr Bank has a twelve month low of $37.51 and a twelve month high of $50.35.

Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Thursday, October 18th. The bank reported $0.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.82. The firm had revenue of $55.00 million during the quarter, compared to analyst estimates of $55.90 million. Bryn Mawr Bank had a net margin of 16.74% and a return on equity of 12.00%. As a group, sell-side analysts expect that Bryn Mawr Bank will post 3.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Bryn Mawr Bank’s payout ratio is 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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