Bryn Mawr Bank (NASDAQ:BMTC) Rating Lowered to Sell at Zacks Investment Research

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Bryn Mawr Bank (NASDAQ:BMTC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “

Other research analysts have also recently issued research reports about the company. BidaskClub cut Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. ValuEngine raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.

Shares of Bryn Mawr Bank stock opened at $39.55 on Thursday. The stock has a fifty day simple moving average of $40.42 and a 200 day simple moving average of $37.65. Bryn Mawr Bank has a 12-month low of $33.26 and a 12-month high of $41.40. The company has a market capitalization of $803.96 million, a P/E ratio of 13.50 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35.

Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, January 16th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Bryn Mawr Bank had a return on equity of 10.66% and a net margin of 21.49%. The business had revenue of $59.24 million during the quarter, compared to the consensus estimate of $57.97 million. On average, analysts predict that Bryn Mawr Bank will post 3.09 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Corbenic Partners LLC purchased a new position in Bryn Mawr Bank in the fourth quarter worth $42,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bryn Mawr Bank by 67.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,834 shares of the bank’s stock worth $67,000 after purchasing an additional 738 shares during the last quarter. Royal Bank of Canada boosted its position in Bryn Mawr Bank by 53.0% in the second quarter. Royal Bank of Canada now owns 4,493 shares of the bank’s stock worth $168,000 after purchasing an additional 1,556 shares during the last quarter. Coastal Investment Advisors Inc. boosted its position in Bryn Mawr Bank by 25.1% in the third quarter. Coastal Investment Advisors Inc. now owns 5,475 shares of the bank’s stock worth $201,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Bryn Mawr Bank by 63.8% during the 2nd quarter. Bank of Montreal Can now owns 5,525 shares of the bank’s stock valued at $206,000 after buying an additional 2,153 shares during the last quarter. 76.16% 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. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.

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