Bryn Mawr Bank Corporation (NASDAQ:BMTC) Receives $48.50 Average Target Price from Analysts

Shares of Bryn Mawr Bank Corporation (NASDAQ:BMTC) have received an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $48.50.

Several research analysts have weighed in on the stock. BidaskClub lowered shares of Bryn Mawr Bank Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 price objective on shares of Bryn Mawr Bank Corporation in a report on Sunday, July 23rd. Zacks Investment Research lowered shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Boenning Scattergood raised shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, July 24th. Finally, ValuEngine raised shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

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Bryn Mawr Bank Corporation (NASDAQ BMTC) traded down 0.59% on Monday, hitting $41.85. The stock had a trading volume of 56,915 shares. The firm’s 50 day moving average price is $42.38 and its 200-day moving average price is $41.25. The stock has a market cap of $711.49 million, a PE ratio of 19.29 and a beta of 0.62. Bryn Mawr Bank Corporation has a 12 month low of $29.50 and a 12 month high of $44.40.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The business had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.40 million. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 9.96%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. On average, analysts forecast that Bryn Mawr Bank Corporation will post $2.40 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 2nd will be given a $0.22 dividend. This is an increase from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, July 31st. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is presently 40.37%.

In other news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $43.75, for a total value of $153,125.00. Following the transaction, the director now directly owns 13,908 shares in the company, valued at approximately $608,475. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.31% of the company’s stock.

A number of hedge funds have recently modified their holdings of BMTC. Russell Investments Group Ltd. purchased a new stake in shares of Bryn Mawr Bank Corporation during the fourth quarter valued at $944,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Bryn Mawr Bank Corporation during the fourth quarter valued at $241,000. State Street Corp increased its stake in shares of Bryn Mawr Bank Corporation by 18.0% in the fourth quarter. State Street Corp now owns 301,859 shares of the bank’s stock valued at $12,723,000 after buying an additional 46,078 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bryn Mawr Bank Corporation by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 746,881 shares of the bank’s stock valued at $31,481,000 after buying an additional 47,712 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Bryn Mawr Bank Corporation by 175.8% in the fourth quarter. AQR Capital Management LLC now owns 18,319 shares of the bank’s stock valued at $772,000 after buying an additional 11,676 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

About Bryn Mawr Bank Corporation

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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