Other analysts have also issued research reports about the company. BidaskClub lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, December 31st. Zacks Investment Research lowered Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research note on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Bryn Mawr Bank has an average rating of “Hold” and a consensus price target of $44.00.
Shares of BMTC stock opened at $40.69 on Tuesday. The stock’s fifty day simple moving average is $40.09 and its 200 day simple moving average is $37.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $817.85 million, a price-to-earnings ratio of 11.76 and a beta of 0.77. Bryn Mawr Bank has a one year low of $33.26 and a one year high of $41.40.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. The business had revenue of $56.85 million for the quarter, compared to analyst estimates of $57.45 million. Bryn Mawr Bank had a return on equity of 10.90% and a net margin of 22.13%. On average, research analysts anticipate that Bryn Mawr Bank will post 3.08 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in BMTC. Advisor Group Inc. boosted its stake in Bryn Mawr Bank by 530.8% in the 2nd quarter. Advisor Group Inc. now owns 820 shares of the bank’s stock valued at $31,000 after buying an additional 690 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Bryn Mawr Bank by 67.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,834 shares of the bank’s stock valued at $67,000 after buying an additional 738 shares in the last quarter. Royal Bank of Canada boosted its stake in Bryn Mawr Bank by 53.0% in the 2nd quarter. Royal Bank of Canada now owns 4,493 shares of the bank’s stock valued at $168,000 after buying an additional 1,556 shares in the last quarter. Coastal Investment Advisors Inc. boosted its stake in Bryn Mawr Bank by 25.1% in the third quarter. Coastal Investment Advisors Inc. now owns 5,475 shares of the bank’s stock worth $201,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Bryn Mawr Bank by 63.8% in the second quarter. Bank of Montreal Can now owns 5,525 shares of the bank’s stock worth $206,000 after purchasing an additional 2,153 shares in 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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