Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating. Bryn Mawr Bank Corporation’s rating score has declined by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price objective of $38.00 for the company and are expecting that the company will post $0.56 earnings per share for the current quarter, according to Zacks. Zacks has also given Bryn Mawr Bank Corporation an industry rank of 24 out of 265 based on the ratings given to its competitors.
A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Bryn Mawr Bank Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. FIG Partners lowered shares of Bryn Mawr Bank Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 10th.
In related news, Director Frederick C. Peters II sold 22,015 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $30.58, for a total transaction of $673,218.70. Following the completion of the sale, the director now directly owns 62,220 shares in the company, valued at $1,902,687.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jerry L. Johnson sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $35.50, for a total transaction of $88,750.00. The disclosure for this sale can be found here. Insiders have sold 33,515 shares of company stock valued at $1,104,329 over the last 90 days. 3.33% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Bryn Mawr Bank Corporation during the third quarter valued at about $17,520,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Bryn Mawr Bank Corporation during the second quarter valued at about $6,246,000. Phocas Financial Corp. raised its stake in shares of Bryn Mawr Bank Corporation by 109.8% in the third quarter. Phocas Financial Corp. now owns 315,657 shares of the company’s stock valued at $10,098,000 after buying an additional 165,188 shares during the period. BB&T Corp acquired a new stake in shares of Bryn Mawr Bank Corporation during the second quarter valued at about $1,892,000. Finally, Independence Advisors LLC acquired a new stake in shares of Bryn Mawr Bank Corporation during the third quarter valued at about $1,893,000. Institutional investors own 68.52% of the company’s stock.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) traded up 1.72% during mid-day trading on Wednesday, reaching $41.40. 19,777 shares of the company’s stock traded hands. The company has a market cap of $701.27 million, a P/E ratio of 19.53 and a beta of 0.67. The stock has a 50 day moving average of $40.76 and a 200 day moving average of $33.93. Bryn Mawr Bank Corporation has a 12-month low of $23.92 and a 12-month high of $42.60.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, January 19th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Bryn Mawr Bank Corporation had a net margin of 21.03% and a return on equity of 9.67%. During the same period last year, the firm earned $0.44 earnings per share. On average, equities research analysts predict that Bryn Mawr Bank Corporation will post $2.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Thursday, February 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, January 31st. This represents a $0.84 annualized dividend and a yield of 2.06%. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is 39.81%.
About Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers 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.
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