Bryn Mawr Bank Corp. (NASDAQ:BMTC) Receives $44.00 Consensus Price Target from Brokerages

Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) have been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $44.00.

Several brokerages have recently weighed in on BMTC. Boenning Scattergood reissued a “neutral” rating on shares of Bryn Mawr Bank in a research report on Thursday, June 20th. Zacks Investment Research raised Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, BidaskClub upgraded Bryn Mawr Bank from a “sell” rating to a “hold” rating in a research note on Friday.

In related news, Director Andrea F. Gilbert sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $35.44, for a total transaction of $77,968.00. Following the transaction, the director now owns 31,607 shares in the company, valued at approximately $1,120,152.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea F. Gilbert sold 4,475 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $35.63, for a total value of $159,444.25. Following the transaction, the director now owns 31,607 shares in the company, valued at approximately $1,126,157.41. The disclosure for this sale can be found here. Company insiders own 1.39% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Bryn Mawr Bank in the 2nd quarter valued at approximately $25,000. Advisor Group Inc. grew its stake in shares of 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 purchasing an additional 690 shares during the last quarter. Ellis Investment Partners LLC purchased a new position in shares of Bryn Mawr Bank in the 2nd quarter valued at approximately $37,000. BNP Paribas Arbitrage SA grew its stake in shares of Bryn Mawr Bank by 330.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,155 shares of the bank’s stock valued at $150,000 after purchasing an additional 3,190 shares during the last quarter. Finally, Coastal Investment Advisors Inc. grew its stake in shares of Bryn Mawr Bank by 12.9% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 4,375 shares of the bank’s stock valued at $164,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 76.69% of the company’s stock.

Shares of NASDAQ BMTC traded down $0.52 during midday trading on Thursday, hitting $35.99. 76,527 shares of the company’s stock were exchanged, compared to its average volume of 51,743. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. Bryn Mawr Bank has a twelve month low of $32.84 and a twelve month high of $47.69. The company has a market cap of $736.12 million, a PE ratio of 10.40 and a beta of 0.75. The firm’s fifty day simple moving average is $35.44 and its 200-day simple moving average is $36.68.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its earnings results on Thursday, July 18th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). Bryn Mawr Bank had a return on equity of 11.27% and a net margin of 22.71%. The business had revenue of $56.83 million for the quarter, compared to analyst estimates of $58.54 million. Equities analysts anticipate that Bryn Mawr Bank will post 3.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 1st were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, July 31st. This is an increase from Bryn Mawr Bank’s previous quarterly dividend of $0.25. Bryn Mawr Bank’s dividend payout ratio (DPR) is currently 30.06%.

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. 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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