Bryn Mawr Bank Corp. Given New $33.00 Price Target at Guggenheim (BMTC)
Stock analysts at Guggenheim lifted their target price on shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) from $30.00 to $33.00 in a report issued on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 14.70% from the company’s current price.
A number of other firms have also recently commented on BMTC. Analysts at Sterne Agee downgraded shares of Bryn Mawr Bank Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 30th. They now have a $28.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Bryn Mawr Bank Corp. from $30.00 to $32.00 in a research note to investors on Monday, October 28th. Finally, analysts at Boenning Scattergood downgraded shares of Bryn Mawr Bank Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 28th. They noted that the move was a valuation call.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) traded up 2.40% on Tuesday, hitting $29.50. 11,258 shares of the company’s stock traded hands. Bryn Mawr Bank Corp. has a 1-year low of $21.78 and a 1-year high of $31.76. The stock has a 50-day moving average of $29.5 and a 200-day moving average of $27.41. The company has a market cap of $399.8 million and a P/E ratio of 16.65.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last released its earnings data on Friday, October 25th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. Analysts expect that Bryn Mawr Bank Corp. will post $1.80 EPS for the current fiscal year.
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (NASDAQ:BMTC).
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