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

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Bryn Mawr Bank Corp. (NASDAQ:BMTC) has been given an average rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $51.00.

Several analysts have commented on the company. BidaskClub cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Boenning Scattergood cut Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a report on Friday, October 19th. ValuEngine cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, FIG Partners upgraded Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target for the company in a report on Tuesday, October 23rd.

BMTC traded up $0.73 during midday trading on Friday, hitting $36.38. The company’s stock had a trading volume of 235,500 shares, compared to its average volume of 58,405. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $729.41 million, a price-to-earnings ratio of 15.03 and a beta of 0.60. Bryn Mawr Bank has a 52-week low of $34.77 and a 52-week high of $50.35.

Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, October 18th. The bank reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $55.00 million during the quarter, compared to analysts’ expectations of $55.90 million. Bryn Mawr Bank had a return on equity of 12.00% and a net margin of 16.74%. Equities research analysts anticipate that Bryn Mawr Bank will post 3.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, October 31st. Bryn Mawr Bank’s dividend payout ratio is currently 41.32%.

In other news, Director Wendell F. Holland sold 1,500 shares of Bryn Mawr Bank stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $48.00, for a total value of $72,000.00. Following the transaction, the director now directly owns 14,303 shares of the company’s stock, valued at approximately $686,544. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.95% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Bryn Mawr Bank by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 884,089 shares of the bank’s stock valued at $41,465,000 after purchasing an additional 28,152 shares in the last quarter. Morgan Stanley lifted its position in Bryn Mawr Bank by 183.2% during the 3rd quarter. Morgan Stanley now owns 179,062 shares of the bank’s stock worth $8,398,000 after acquiring an additional 115,839 shares in the last quarter. Nordea Investment Management AB acquired a new position in Bryn Mawr Bank during the 3rd quarter worth approximately $446,000. Resources Management Corp CT ADV acquired a new position in Bryn Mawr Bank during the 3rd quarter worth approximately $698,000. Finally, Macquarie Group Ltd. lifted its position in Bryn Mawr Bank by 18.3% during the 3rd quarter. Macquarie Group Ltd. now owns 484,534 shares of the bank’s stock worth $22,725,000 after acquiring an additional 75,035 shares in the last quarter. 75.34% of the stock is currently 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.

See Also: Understanding Price to Earnings Ratio (PE)

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