Bryn Mawr Bank Corporation (BMTC) to Release Quarterly Earnings on Thursday
Bryn Mawr Bank Corporation (NASDAQ:BMTC) is set to announce its earnings results after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $42.75 million for the quarter, compared to analyst estimates of $42.40 million. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. On average, analysts expect Bryn Mawr Bank Corporation to post $2.40 EPS for the current fiscal year and $2.93 EPS for the next fiscal year.
Bryn Mawr Bank Corporation (NASDAQ BMTC) opened at 44.70 on Thursday. The firm has a 50-day moving average of $41.81 and a 200-day moving average of $41.62. The firm has a market capitalization of $759.94 million, a price-to-earnings ratio of 20.60 and a beta of 0.63. Bryn Mawr Bank Corporation has a 52-week low of $29.50 and a 52-week high of $44.85.
Several research firms have commented on BMTC. BidaskClub lowered shares of Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 target price on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.50.
In other news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $43.75, for a total value of $153,125.00. Following the sale, the director now directly owns 13,908 shares in the company, valued at approximately $608,475. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.31% of the company’s stock.
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Bryn Mawr Bank Corporation Company Profile
Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.
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