Analysts expect Bryn Mawr Bank Corp. (NASDAQ:BMTC) to report earnings per share (EPS) of $0.83 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Bryn Mawr Bank’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.84. Bryn Mawr Bank also posted earnings of $0.83 per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 18th.
According to Zacks, analysts expect that Bryn Mawr Bank will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.20. For the next year, analysts expect that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.37 to $3.48. Zacks’ EPS averages 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 released its quarterly earnings data on Thursday, April 18th. The bank reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.06). The firm had revenue of $56.90 million for the quarter, compared to the consensus estimate of $55.60 million. Bryn Mawr Bank had a net margin of 22.62% and a return on equity of 11.73%.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Bryn Mawr Bank from a “hold” rating to a “buy” rating in a report on Wednesday. FIG Partners restated an “outperform” rating on shares of Bryn Mawr Bank in a report on Tuesday, April 23rd. Zacks Investment Research downgraded Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, Boenning Scattergood restated a “hold” rating on shares of Bryn Mawr Bank in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Bryn Mawr Bank currently has a consensus rating of “Hold” and an average price target of $48.33.
In related news, Director Scott Mahaley Jenkins sold 4,475 shares of Bryn Mawr Bank stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $40.03, for a total transaction of $179,134.25. Following the transaction, the director now owns 18,114 shares of the company’s stock, valued at $725,103.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.39% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. Swiss National Bank boosted its position in shares of Bryn Mawr Bank by 4.8% during the first quarter. Swiss National Bank now owns 35,100 shares of the bank’s stock valued at $1,268,000 after buying an additional 1,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bryn Mawr Bank by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,068,886 shares of the bank’s stock valued at $38,619,000 after buying an additional 28,744 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Bryn Mawr Bank by 3.8% during the first quarter. Wells Fargo & Company MN now owns 91,581 shares of the bank’s stock valued at $3,308,000 after buying an additional 3,385 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Bryn Mawr Bank by 1.5% during the first quarter. PNC Financial Services Group Inc. now owns 26,578 shares of the bank’s stock valued at $960,000 after buying an additional 400 shares during the last quarter. Finally, Crawford Investment Counsel Inc. boosted its position in shares of Bryn Mawr Bank by 6.3% during the first quarter. Crawford Investment Counsel Inc. now owns 114,983 shares of the bank’s stock valued at $4,154,000 after buying an additional 6,800 shares during the last quarter. 75.95% of the stock is currently owned by institutional investors.
NASDAQ BMTC opened at $38.65 on Friday. The company has a market cap of $775.88 million, a PE ratio of 11.17 and a beta of 0.74. Bryn Mawr Bank has a 52 week low of $32.84 and a 52 week high of $50.35. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 0.39.
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.59%. Bryn Mawr Bank’s payout ratio is 28.90%.
About Bryn Mawr Bank
Bryn Mawr Bank Corporation operates as the bank holding company for The Bryn Mawr Trust Company that provides commercial and retail banking services to individual and business customers. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.
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