Bryn Mawr Bank Corporation (NASDAQ:BMTC) was downgraded by equities researchers at FIG Partners to a “market perform” rating in a note issued to investors on Tuesday.
Separately, Zacks Investment Research upgraded Bryn Mawr Bank Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 21st.
Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) opened at 40.55 on Tuesday. Bryn Mawr Bank Corporation has a 1-year low of $23.92 and a 1-year high of $42.60. The company’s 50-day moving average price is $39.52 and its 200 day moving average price is $32.94. The stock has a market cap of $685.82 million, a PE ratio of 34.16 and a beta of 0.67.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Bryn Mawr Bank Corporation had a return on equity of 5.46% and a net margin of 11.93%. During the same quarter last year, the firm posted $0.46 earnings per share. Equities analysts forecast that Bryn Mawr Bank Corporation will post $2.11 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Bryn Mawr Bank Corporation (BMTC) Cut to “Market Perform” at FIG Partners” was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of US & international trademark and copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2017/01/10/bryn-mawr-bank-corporation-bmtc-cut-to-market-perform-at-fig-partners.html.
In related news, Director Frederick C. Peters II sold 22,015 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $30.58, for a total value of $673,218.70. Following the sale, the director now owns 62,220 shares of the company’s stock, valued at approximately $1,902,687.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jerry L. Johnson sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $35.50, for a total value of $88,750.00. The disclosure for this sale can be found here. 3.33% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in BMTC. The Manufacturers Life Insurance Company bought a new stake in shares of Bryn Mawr Bank Corporation during the third quarter valued at about $17,520,000. Deprince Race & Zollo Inc. bought a new stake in shares of Bryn Mawr Bank Corporation during the second quarter valued at about $6,246,000. Phocas Financial Corp. increased 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 bought a new stake in shares of Bryn Mawr Bank Corporation during the second quarter valued at about $1,892,000. Finally, Independence Advisors LLC bought a new stake in shares of Bryn Mawr Bank Corporation during the third quarter valued at about $1,893,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.
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.
What are top analysts saying about Bryn Mawr Bank Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bryn Mawr Bank Corporation and related companies.