Bryn Mawr Bank (BMTC) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of Bryn Mawr Bank (NASDAQ:BMTC) from a hold rating to a sell rating in a report published on Thursday.

A number of other brokerages also recently issued reports on BMTC. ValuEngine downgraded Bryn Mawr Bank from a buy rating to a hold rating in a research report on Saturday, November 25th. Zacks Investment Research downgraded Bryn Mawr Bank from a hold rating to a sell rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Bryn Mawr Bank presently has an average rating of Hold and a consensus target price of $49.33.

Shares of Bryn Mawr Bank (NASDAQ:BMTC) traded down $0.05 on Thursday, reaching $43.95. The company had a trading volume of 217,822 shares, compared to its average volume of 55,322. The company has a market capitalization of $876.19, a P/E ratio of 19.53 and a beta of 0.62. Bryn Mawr Bank has a 12 month low of $36.80 and a 12 month high of $46.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.95.

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

In other Bryn Mawr Bank news, EVP Joseph G. Keefer sold 11,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $44.18, for a total value of $508,070.00. Following the sale, the executive vice president now owns 19,925 shares in the company, valued at $880,286.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.31% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in BMTC. Schwab Charles Investment Management Inc. increased its stake in Bryn Mawr Bank by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 74,842 shares of the bank’s stock worth $3,181,000 after purchasing an additional 930 shares during the period. Rhumbline Advisers increased its stake in Bryn Mawr Bank by 2.7% in the second quarter. Rhumbline Advisers now owns 20,039 shares of the bank’s stock worth $852,000 after purchasing an additional 520 shares during the period. Legal & General Group Plc increased its stake in Bryn Mawr Bank by 4.1% in the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock worth $181,000 after purchasing an additional 167 shares during the period. Federated Investors Inc. PA increased its stake in Bryn Mawr Bank by 5.5% in the second quarter. Federated Investors Inc. PA now owns 7,528 shares of the bank’s stock worth $320,000 after purchasing an additional 395 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Bryn Mawr Bank in the second quarter worth $271,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

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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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