Bryn Mawr Bank Corp. (NASDAQ:BMTC) has received an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.00.
A number of equities analysts recently commented on the stock. BidaskClub cut shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. ValuEngine upgraded shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Monday, December 30th.
NASDAQ:BMTC traded down $0.48 during trading hours on Friday, hitting $40.17. The stock had a trading volume of 2,234 shares, compared to its average volume of 53,606. The company has a 50 day simple moving average of $40.03 and a two-hundred day simple moving average of $37.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.93. Bryn Mawr Bank has a one year low of $33.26 and a one year high of $41.40. The firm has a market capitalization of $820.46 million, a price-to-earnings ratio of 11.61 and a beta of 0.77.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. The firm had revenue of $56.85 million for the quarter, compared to analysts’ expectations of $57.45 million. Bryn Mawr Bank had a net margin of 22.13% and a return on equity of 10.90%. Equities research analysts anticipate that Bryn Mawr Bank will post 3.08 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Bryn Mawr Bank by 0.8% during the 2nd quarter. BlackRock Inc. now owns 1,489,816 shares of the bank’s stock valued at $55,600,000 after purchasing an additional 12,480 shares in the last quarter. Vanguard Group Inc. raised its holdings in Bryn Mawr Bank by 0.8% in the second quarter. Vanguard Group Inc. now owns 977,018 shares of the bank’s stock worth $36,461,000 after buying an additional 7,847 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Bryn Mawr Bank by 7.1% in the second quarter. Macquarie Group Ltd. now owns 584,247 shares of the bank’s stock worth $21,804,000 after buying an additional 38,492 shares during the last quarter. Northern Trust Corp raised its holdings in Bryn Mawr Bank by 1.6% in the second quarter. Northern Trust Corp now owns 257,303 shares of the bank’s stock worth $9,603,000 after buying an additional 4,133 shares during the last quarter. Finally, North Star Asset Management Inc. raised its holdings in Bryn Mawr Bank by 0.3% in the third quarter. North Star Asset Management Inc. now owns 255,663 shares of the bank’s stock worth $9,335,000 after buying an additional 695 shares during the last quarter. 76.45% of the stock is currently owned by institutional investors and hedge funds.
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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