Analysts forecast that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will report sales of $45.47 million for the current quarter, according to Zacks. Two analysts have provided estimates for Bryn Mawr Bank’s earnings, with estimates ranging from $45.18 million to $45.75 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 13.4%. The business is scheduled to issue its next earnings results on Thursday, January 18th.

According to Zacks, analysts expect that Bryn Mawr Bank will report full-year sales of $45.47 million for the current fiscal year, with estimates ranging from $172.75 million to $174.20 million. For the next financial year, analysts expect that the business will report sales of $217.48 million per share, with estimates ranging from $216.50 million to $218.45 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Bryn Mawr Bank.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its earnings results on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. The company had revenue of $45.02 million during the quarter, compared to analyst estimates of $46.85 million. Bryn Mawr Bank had a return on equity of 10.15% and a net margin of 21.29%.

Several research analysts have recently commented on the company. BidaskClub lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, ValuEngine downgraded Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $49.33.

Shares of Bryn Mawr Bank (BMTC) traded up $0.10 on Tuesday, hitting $46.15. The stock had a trading volume of 27,300 shares, compared to its average volume of 65,322. The firm has a market cap of $920.06, a price-to-earnings ratio of 20.51 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. Bryn Mawr Bank has a one year low of $36.80 and a one year high of $46.70.

In related news, EVP Joseph G. Keefer sold 11,500 shares of the firm’s 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 sale, the executive vice president now owns 19,925 shares of the company’s stock, valued at approximately $880,286.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.31% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BMTC. Legal & General Group Plc raised its stake in Bryn Mawr Bank by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after acquiring an additional 167 shares in the last quarter. Nationwide Fund Advisors raised its stake in Bryn Mawr Bank by 1.5% during the 2nd quarter. Nationwide Fund Advisors now owns 12,139 shares of the bank’s stock valued at $516,000 after acquiring an additional 178 shares in the last quarter. Federated Investors Inc. PA raised its stake in Bryn Mawr Bank by 5.5% during the 2nd quarter. Federated Investors Inc. PA now owns 7,528 shares of the bank’s stock valued at $320,000 after acquiring an additional 395 shares in the last quarter. Rhumbline Advisers raised its stake in Bryn Mawr Bank by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock valued at $852,000 after acquiring an additional 520 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Bryn Mawr Bank by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 12,746 shares of the bank’s stock valued at $542,000 after acquiring an additional 688 shares in the last quarter. 68.67% of the stock is currently owned by institutional investors and hedge funds.

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Bryn Mawr Bank 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 (NASDAQ:BMTC)

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