Analysts Expect Bryn Mawr Bank Corp. (BMTC) Will Announce Quarterly Sales of $47.57 Million
Wall Street analysts expect that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will post sales of $47.57 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bryn Mawr Bank’s earnings, with the highest sales estimate coming in at $49.96 million and the lowest estimate coming in at $45.18 million. Bryn Mawr Bank posted sales of $40.11 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.6%. The firm is expected to report its next earnings report on Thursday, January 18th.
On average, analysts expect that Bryn Mawr Bank 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 fiscal year, analysts forecast that the company will report sales of $220.45 million per share, with estimates ranging from $216.50 million to $224.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its earnings results on Thursday, October 19th. The bank reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The business had revenue of $45.02 million during the quarter, compared to the consensus estimate of $46.85 million. Bryn Mawr Bank had a return on equity of 10.15% and a net margin of 21.29%.
In other Bryn Mawr Bank news, EVP Joseph G. Keefer sold 11,500 shares of Bryn Mawr Bank stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total value of $508,070.00. Following the transaction, the executive vice president now directly owns 19,925 shares in the company, valued at approximately $880,286.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.31% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of BMTC. Kistler Tiffany Companies LLC boosted its position in Bryn Mawr Bank by 2,952.5% during the third quarter. Kistler Tiffany Companies LLC now owns 2,442 shares of the bank’s stock worth $107,000 after purchasing an additional 2,362 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Bryn Mawr Bank in the third quarter worth $133,000. Legal & General Group Plc raised its holdings in shares of Bryn Mawr Bank by 4.1% in the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock worth $181,000 after acquiring an additional 167 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Bryn Mawr Bank by 83.6% in the second quarter. Citigroup Inc. now owns 4,724 shares of the bank’s stock worth $201,000 after acquiring an additional 2,151 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bryn Mawr Bank in the second quarter worth $205,000. Institutional investors own 81.54% of the company’s stock.
Bryn Mawr Bank (NASDAQ BMTC) traded up $0.30 during midday trading on Wednesday, reaching $44.00. The company had a trading volume of 37,500 shares, compared to its average volume of 50,292. Bryn Mawr Bank has a 1 year low of $36.80 and a 1 year high of $46.25. The firm has a market cap of $745.66, a P/E ratio of 18.92 and a beta of 0.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.00%. The ex-dividend date was Tuesday, October 31st. Bryn Mawr Bank’s dividend payout ratio (DPR) is 39.11%.
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About Bryn Mawr Bank
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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