Equities analysts expect Bryn Mawr Bank Co. (NASDAQ:BMTC) to announce earnings of $0.70 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Bryn Mawr Bank’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.66. Bryn Mawr Bank reported earnings of $0.55 per share in the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The company is expected to issue its next earnings report on Thursday, April 19th.
On average, analysts expect that Bryn Mawr Bank will report full year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $3.18. For the next fiscal year, analysts anticipate that the company will report earnings of $3.39 per share, with EPS estimates ranging from $3.29 to $3.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 9.71%. The firm had revenue of $45.86 million during the quarter, compared to analyst estimates of $45.47 million.
A number of research analysts have commented on BMTC shares. Zacks Investment Research raised Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Thursday, February 1st. Boenning Scattergood reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Bryn Mawr Bank in a report on Monday, January 29th. Finally, BidaskClub raised Bryn Mawr Bank from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.67.
In other news, COO Alison Eichert sold 9,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $45.19, for a total transaction of $406,710.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Diego F. Calderin bought 1,000 shares of Bryn Mawr Bank stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $45.99 per share, for a total transaction of $45,990.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at approximately $45,990. The disclosure for this purchase can be found here. Corporate insiders own 1.95% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its holdings in shares of Bryn Mawr Bank by 5.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 155,304 shares of the bank’s stock worth $6,864,000 after purchasing an additional 8,584 shares in the last quarter. Basswood Capital Management L.L.C. lifted its position in shares of Bryn Mawr Bank by 37.7% during the 4th quarter. Basswood Capital Management L.L.C. now owns 308,602 shares of the bank’s stock worth $13,640,000 after buying an additional 84,432 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Bryn Mawr Bank by 7.4% during the 4th quarter. Wells Fargo & Company MN now owns 70,123 shares of the bank’s stock worth $3,100,000 after buying an additional 4,823 shares during the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Bryn Mawr Bank by 141.5% during the 4th quarter. Kistler Tiffany Companies LLC now owns 5,897 shares of the bank’s stock worth $261,000 after buying an additional 3,455 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Bryn Mawr Bank by 7.1% during the 4th quarter. BlackRock Inc. now owns 1,290,587 shares of the bank’s stock worth $57,044,000 after buying an additional 85,723 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors.
NASDAQ BMTC traded down $0.55 on Monday, reaching $44.00. The stock had a trading volume of 30,870 shares, compared to its average volume of 53,774. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. Bryn Mawr Bank has a 1-year low of $38.55 and a 1-year high of $47.20. The firm has a market cap of $902.84, a price-to-earnings ratio of 18.18 and a beta of 0.60.
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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.
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