Zacks: Analysts Anticipate Bryn Mawr Bank Corporation (BMTC) Will Post Earnings of $0.60 Per Share
Equities research analysts expect Bryn Mawr Bank Corporation (NASDAQ:BMTC) to report $0.60 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Bryn Mawr Bank Corporation’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.60. Bryn Mawr Bank Corporation reported earnings of $0.55 per share during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is expected to report its next earnings results on Thursday, October 19th.
On average, analysts expect that Bryn Mawr Bank Corporation will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.38. For the next financial year, analysts forecast that the firm will post earnings of $2.83 per share, with EPS estimates ranging from $2.80 to $2.86. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover Bryn Mawr Bank Corporation.
Bryn Mawr Bank Corporation (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Bryn Mawr Bank Corporation had a net margin of 21.17% and a return on equity of 10.04%. The business had revenue of $42.75 million during the quarter, compared to analysts’ expectations of $42.40 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year.
BMTC has been the topic of several recent analyst reports. ValuEngine upgraded shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, April 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $44.00 price objective on shares of Bryn Mawr Bank Corporation in a research report on Thursday, April 20th. Boenning Scattergood upgraded shares of Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, July 24th. Finally, BidaskClub cut shares of Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.00.
In related news, Director Scott Mahaley Jenkins sold 3,500 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $43.75, for a total value of $153,125.00. Following the completion of the transaction, the director now directly owns 13,908 shares of the company’s stock, valued at $608,475. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.31% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Bryn Mawr Bank Corporation during the first quarter worth $134,000. Public Employees Retirement System of Ohio raised its position in Bryn Mawr Bank Corporation by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after buying an additional 532 shares during the last quarter. Legal & General Group Plc raised its position in Bryn Mawr Bank Corporation by 4.1% in the second quarter. Legal & General Group Plc now owns 4,266 shares of the bank’s stock valued at $181,000 after buying an additional 167 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Bryn Mawr Bank Corporation during the second quarter valued at approximately $205,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Bryn Mawr Bank Corporation during the fourth quarter valued at approximately $241,000. 75.99% of the stock is owned by hedge funds and other institutional investors.
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Bryn Mawr Bank Corporation (NASDAQ BMTC) traded down 0.82% during trading on Wednesday, reaching $42.40. 25,095 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $42.22 and its 200-day moving average is $41.16. Bryn Mawr Bank Corporation has a 12-month low of $29.28 and a 12-month high of $44.40. The company has a market cap of $720.33 million, a P/E ratio of 19.54 and a beta of 0.62.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, July 31st. This is a positive change from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.08%. Bryn Mawr Bank Corporation’s dividend payout ratio (DPR) is 40.37%.
Bryn Mawr Bank Corporation Company Profile
Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.
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