Bryn Mawr Bank Corp. (BMTC) Receives Consensus Rating of “Hold” from Brokerages

Bryn Mawr Bank Corp. (NASDAQ:BMTC) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.00.

Several analysts recently weighed in on the company. Zacks Investment Research raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. BidaskClub raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Boenning Scattergood reaffirmed a “hold” rating on shares of Bryn Mawr Bank in a research note on Friday, January 18th. Finally, Keefe, Bruyette & Woods lowered Bryn Mawr Bank from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $55.00 to $44.00 in a research note on Tuesday, January 22nd.

Shares of BMTC traded up $1.00 during trading hours on Wednesday, hitting $39.73. 49,007 shares of the company were exchanged, compared to its average volume of 55,256. The firm has a market cap of $804.53 million, a P/E ratio of 11.48 and a beta of 0.72. Bryn Mawr Bank has a fifty-two week low of $32.84 and a fifty-two week high of $50.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 0.96.

Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, January 17th. The bank reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $56.08 million for the quarter, compared to analyst estimates of $55.30 million. Bryn Mawr Bank had a return on equity of 13.01% and a net margin of 24.82%. On average, research analysts predict that Bryn Mawr Bank will post 3.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, January 31st. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 28.90%.

A number of large investors have recently added to or reduced their stakes in BMTC. Captrust Financial Advisors raised its position in Bryn Mawr Bank by 40.1% in the fourth quarter. Captrust Financial Advisors now owns 919 shares of the bank’s stock valued at $32,000 after purchasing an additional 263 shares during the last quarter. Bank of Montreal Can raised its position in Bryn Mawr Bank by 11.6% in the fourth quarter. Bank of Montreal Can now owns 3,551 shares of the bank’s stock valued at $122,000 after purchasing an additional 369 shares during the last quarter. Legal & General Group Plc raised its position in Bryn Mawr Bank by 17.1% in the fourth quarter. Legal & General Group Plc now owns 3,671 shares of the bank’s stock valued at $126,000 after purchasing an additional 535 shares during the last quarter. Ramsey Quantitative Systems raised its position in Bryn Mawr Bank by 115.9% in the fourth quarter. Ramsey Quantitative Systems now owns 1,937 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Summit Global Investments raised its position in Bryn Mawr Bank by 11.8% in the third quarter. Summit Global Investments now owns 15,200 shares of the bank’s stock valued at $713,000 after purchasing an additional 1,600 shares during the last quarter. 75.21% of the stock is currently owned by institutional investors and hedge funds.

About Bryn Mawr Bank

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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.

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