Bryn Mawr Bank (BMTC) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Bryn Mawr Bank (NASDAQ:BMTC) from a hold rating to a buy rating in a report issued on Wednesday. Zacks Investment Research currently has $51.00 price objective on the bank’s stock.

According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “

Separately, ValuEngine cut shares of Bryn Mawr Bank from a buy rating to a hold rating in a research note on Saturday, November 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $49.33.

Bryn Mawr Bank (BMTC) traded down $0.30 during mid-day trading on Wednesday, hitting $45.25. 30,487 shares of the company traded hands, compared to its average volume of 52,010. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $766.44, a PE ratio of 20.11 and a beta of 0.62. Bryn Mawr Bank has a twelve month low of $36.80 and a twelve month high of $46.55.

Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. The business had revenue of $45.02 million during the quarter, compared to analysts’ expectations of $46.85 million. Bryn Mawr Bank had a net margin of 21.29% and a return on equity of 10.15%. analysts predict that Bryn Mawr Bank will post 2.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Tuesday, October 31st. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 39.11%.

In other Bryn Mawr Bank news, EVP Joseph G. Keefer sold 11,500 shares of Bryn Mawr Bank stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total value of $508,070.00. Following the completion of the sale, the executive vice president now directly owns 19,925 shares in the company, valued at $880,286.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of Bryn Mawr Bank by 4.1% in the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after purchasing an additional 167 shares during the period. Nationwide Fund Advisors increased its position in Bryn Mawr Bank by 1.5% during the second quarter. Nationwide Fund Advisors now owns 12,139 shares of the bank’s stock worth $516,000 after acquiring an additional 178 shares during the period. Federated Investors Inc. PA increased its position in Bryn Mawr Bank by 5.5% during the second quarter. Federated Investors Inc. PA now owns 7,528 shares of the bank’s stock worth $320,000 after acquiring an additional 395 shares during the period. Rhumbline Advisers increased its position in Bryn Mawr Bank by 2.7% during the second quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock worth $852,000 after acquiring an additional 520 shares during the period. Finally, Teachers Advisors LLC increased its position in Bryn Mawr Bank by 1.8% during the first quarter. Teachers Advisors LLC now owns 36,323 shares of the bank’s stock worth $1,435,000 after acquiring an additional 647 shares during the period. 81.54% of the stock is currently owned by institutional investors.

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About Bryn Mawr Bank

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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