Research Analysts’ Weekly Ratings Updates for Bryn Mawr Bank (BMTC)

A number of firms have modified their ratings and price targets on shares of Bryn Mawr Bank (NASDAQ: BMTC) recently:

  • 6/26/2019 – Bryn Mawr Bank was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/20/2019 – Bryn Mawr Bank had its “neutral” rating reaffirmed by analysts at Boenning Scattergood.
  • 6/18/2019 – Bryn Mawr Bank was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/17/2019 – Bryn Mawr Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
  • 6/11/2019 – Bryn Mawr Bank was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/10/2019 – Bryn Mawr Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
  • 6/4/2019 – Bryn Mawr Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “
  • 5/18/2019 – Bryn Mawr Bank was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/8/2019 – Bryn Mawr Bank was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of NASDAQ:BMTC opened at $36.51 on Wednesday. The company’s 50-day moving average is $37.55. Bryn Mawr Bank Corp. has a 12-month low of $32.84 and a 12-month high of $50.35. The company has a market capitalization of $740.01 million, a PE ratio of 10.55 and a beta of 0.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.39.

Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). Bryn Mawr Bank had a net margin of 22.62% and a return on equity of 11.73%. The company had revenue of $56.90 million for the quarter, compared to the consensus estimate of $55.60 million. As a group, research analysts expect that Bryn Mawr Bank Corp. will post 3.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.74%. Bryn Mawr Bank’s payout ratio is presently 28.90%.

In related news, Director Wendell F. Holland sold 4,475 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $37.33, for a total value of $167,051.75. Following the sale, the director now directly owns 19,116 shares of the company’s stock, valued at $713,600.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.39% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BMTC. Roubaix Capital LLC purchased a new stake in Bryn Mawr Bank in the first quarter worth about $2,129,000. Eagle Asset Management Inc. lifted its holdings in Bryn Mawr Bank by 44.3% in the fourth quarter. Eagle Asset Management Inc. now owns 128,493 shares of the bank’s stock worth $4,420,000 after buying an additional 39,444 shares during the period. Two Sigma Investments LP purchased a new stake in Bryn Mawr Bank in the fourth quarter worth about $1,129,000. BlackRock Inc. lifted its holdings in Bryn Mawr Bank by 2.2% in the fourth quarter. BlackRock Inc. now owns 1,491,168 shares of the bank’s stock worth $51,298,000 after buying an additional 32,045 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in Bryn Mawr Bank in the first quarter worth about $1,134,000. 76.18% of the stock is currently owned by institutional investors.

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.

See Also: How accurate is the Rule of 72?

Receive News & Ratings for Bryn Mawr Bank Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank Corp and related companies with MarketBeat.com's FREE daily email newsletter.