Wall Street analysts forecast that Bryn Mawr Bank Corporation (NASDAQ:BMTC) will report sales of $47.57 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Bryn Mawr Bank Corporation’s earnings, with estimates ranging from $45.18 million to $49.96 million. Bryn Mawr Bank Corporation reported sales of $40.11 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The company is scheduled to report its next earnings report on Thursday, January 18th.

According to Zacks, analysts expect that Bryn Mawr Bank Corporation will report full-year sales of $47.57 million for the current year, with estimates ranging from $174.20 million to $178.92 million. For the next year, analysts expect that the company will post sales of $220.45 million per share, with estimates ranging from $216.50 million to $224.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bryn Mawr Bank Corporation.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.65 earnings per share (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 10.15% and a net margin of 21.29%. The company had revenue of $45.02 million during the quarter, compared to analysts’ expectations of $46.85 million.

BMTC has been the subject of several recent analyst reports. Zacks Investment Research cut Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. BidaskClub cut Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine cut Bryn Mawr Bank Corporation from a “buy” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Bryn Mawr Bank Corporation has a consensus rating of “Hold” and a consensus target price of $48.50.

In related news, EVP Joseph G. Keefer sold 11,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total transaction of $508,070.00. Following the completion of the transaction, the executive vice president now owns 19,925 shares of the company’s stock, valued at $880,286.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.31% of the company’s stock.

Several large investors have recently added to or reduced their stakes in BMTC. Franklin Resources Inc. boosted its position in shares of Bryn Mawr Bank Corporation by 200.4% in the 2nd quarter. Franklin Resources Inc. now owns 622,794 shares of the bank’s stock valued at $26,469,000 after purchasing an additional 415,444 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Bryn Mawr Bank Corporation by 15.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 697,942 shares of the bank’s stock valued at $29,662,000 after purchasing an additional 95,440 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Bryn Mawr Bank Corporation in the 2nd quarter valued at $2,482,000. Vanguard Group Inc. boosted its position in shares of Bryn Mawr Bank Corporation by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 736,604 shares of the bank’s stock valued at $29,096,000 after purchasing an additional 57,678 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bryn Mawr Bank Corporation by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 803,863 shares of the bank’s stock valued at $31,753,000 after purchasing an additional 56,982 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Bryn Mawr Bank Corporation (BMTC) opened at $43.00 on Friday. Bryn Mawr Bank Corporation has a 52 week low of $35.50 and a 52 week high of $45.45. The stock has a market capitalization of $740.54, a price-to-earnings ratio of 18.79 and a beta of 0.63. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.41.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 1st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.88 annualized dividend and a yield of 2.05%. Bryn Mawr Bank Corporation’s dividend payout ratio is currently 39.11%.

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

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