Bryn Mawr Bank Corporation (NASDAQ:BMTC) – Investment analysts at Boenning Scattergood issued their Q1 2018 earnings estimates for Bryn Mawr Bank Corporation in a research report issued to clients and investors on Friday. Boenning Scattergood analyst M. Schultheis expects that the bank will post earnings per share of $0.64 for the quarter. Boenning Scattergood currently has a “Outperform” rating and a $50.00 price target on the stock. Boenning Scattergood also issued estimates for Bryn Mawr Bank Corporation’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.77 EPS and FY2019 earnings at $3.05 EPS.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. Bryn Mawr Bank Corporation had a return on equity of 10.24% and a net margin of 21.29%. The business had revenue of $45.02 million for the quarter, compared to analyst estimates of $46.85 million.

ILLEGAL ACTIVITY NOTICE: “Bryn Mawr Bank Corporation Forecasted to Earn Q1 2018 Earnings of $0.64 Per Share (BMTC)” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/23/bryn-mawr-bank-corporation-forecasted-to-earn-q1-2018-earnings-of-0-64-per-share-bmtc.html.

A number of other research analysts have also issued reports on the company. 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. BidaskClub downgraded Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research downgraded Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $48.50.

Shares of Bryn Mawr Bank Corporation (NASDAQ BMTC) opened at 45.15 on Monday. The stock has a market cap of $767.60 million, a price-to-earnings ratio of 20.81 and a beta of 0.63. Bryn Mawr Bank Corporation has a 52-week low of $29.50 and a 52-week high of $45.45. The firm has a 50-day moving average price of $42.59 and a 200 day moving average price of $41.86.

Several institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in shares of Bryn Mawr Bank Corporation by 4.1% in the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after buying an additional 167 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Bryn Mawr Bank Corporation by 1.5% in the second quarter. Nationwide Fund Advisors now owns 12,139 shares of the bank’s stock valued at $516,000 after buying an additional 178 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Bryn Mawr Bank Corporation by 5.5% in the second quarter. Federated Investors Inc. PA now owns 7,528 shares of the bank’s stock valued at $320,000 after buying an additional 395 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Bryn Mawr Bank Corporation by 2.7% in the second quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock valued at $852,000 after buying an additional 520 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Bryn Mawr Bank Corporation by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after buying an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.

In related news, Director Scott Mahaley Jenkins sold 3,500 shares of Bryn Mawr Bank Corporation stock in a transaction that occurred on Wednesday, July 26th. The stock was 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 $608,475. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.31% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 1st will be paid a $0.22 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.95%. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is presently 39.11%.

About Bryn Mawr Bank Corporation

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.

Earnings History and Estimates for Bryn Mawr Bank Corporation (NASDAQ:BMTC)

Receive News & Ratings for Bryn Mawr Bank Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank Corporation and related companies with MarketBeat.com's FREE daily email newsletter.