Zacks: Analysts Expect Bryn Mawr Bank Corp. (NASDAQ:BMTC) to Announce $0.74 EPS

Equities analysts expect that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will post earnings of $0.74 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Bryn Mawr Bank’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.71. Bryn Mawr Bank reported earnings per share of $0.70 in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The firm is scheduled to issue its next earnings report on Thursday, April 16th.

According to Zacks, analysts expect that Bryn Mawr Bank will report full-year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.02 to $3.19. For the next year, analysts anticipate that the company will report earnings of $3.28 per share, with EPS estimates ranging from $3.14 to $3.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Bryn Mawr Bank.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, January 16th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $59.24 million for the quarter, compared to the consensus estimate of $57.97 million.

BMTC has been the subject of several recent analyst reports. ValuEngine raised shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. BidaskClub cut shares of Bryn Mawr Bank from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Finally, Zacks Investment Research cut shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Bryn Mawr Bank presently has an average rating of “Hold”.

Shares of NASDAQ:BMTC traded down $0.26 during midday trading on Friday, hitting $38.71. 32,498 shares of the stock traded hands. The business’s 50 day moving average is $39.60 and its two-hundred day moving average is $37.80. Bryn Mawr Bank has a one year low of $33.26 and a one year high of $41.40.

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, January 31st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Thursday, January 30th.

Several hedge funds and other institutional investors have recently made changes to their positions in BMTC. Champlain Investment Partners LLC increased its position in shares of Bryn Mawr Bank by 13.7% during the fourth quarter. Champlain Investment Partners LLC now owns 1,094,710 shares of the bank’s stock valued at $45,146,000 after buying an additional 131,830 shares during the period. Nuveen Asset Management LLC grew its holdings in Bryn Mawr Bank by 1,243.8% in the second quarter. Nuveen Asset Management LLC now owns 101,901 shares of the bank’s stock worth $3,803,000 after purchasing an additional 94,318 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Bryn Mawr Bank in the fourth quarter worth about $3,603,000. Franklin Resources Inc. grew its holdings in Bryn Mawr Bank by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 1,697,436 shares of the bank’s stock worth $70,003,000 after purchasing an additional 67,877 shares during the period. Finally, Bank of America Corp DE grew its holdings in Bryn Mawr Bank by 24.0% in the fourth quarter. Bank of America Corp DE now owns 318,400 shares of the bank’s stock worth $13,131,000 after purchasing an additional 61,643 shares during the period. Institutional investors own 76.78% of the company’s stock.

Bryn Mawr Bank Company Profile

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. It operates in two segments, Wealth Management and Banking. The company accepts deposit products, including interest-bearing demand accounts, wholesale time deposits, retail time deposits, savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.

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Earnings History and Estimates for Bryn Mawr Bank (NASDAQ:BMTC)

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