Brokerages Expect Bryn Mawr Bank Co. (BMTC) Will Post Quarterly Sales of $51.25 Million
Brokerages expect that Bryn Mawr Bank Co. (NASDAQ:BMTC) will report sales of $51.25 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bryn Mawr Bank’s earnings, with the lowest sales estimate coming in at $50.07 million and the highest estimate coming in at $52.43 million. Bryn Mawr Bank posted sales of $40.63 million during the same quarter last year, which would indicate a positive year over year growth rate of 26.1%. The company is expected to issue its next quarterly earnings results on Thursday, April 19th.
On average, analysts expect that Bryn Mawr Bank will report full-year sales of $214.14 million for the current fiscal year, with estimates ranging from $209.24 million to $219.03 million. For the next year, analysts forecast that the firm will post sales of $230.42 million per share, with estimates ranging from $225.43 million to $235.41 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). Bryn Mawr Bank had a return on equity of 9.71% and a net margin of 12.20%. The business had revenue of $45.86 million for the quarter, compared to analysts’ expectations of $45.47 million.
In other news, COO Alison Eichert sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $45.19, for a total value of $406,710.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diego F. Calderin bought 1,000 shares of the stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $45.99 per share, with a total value of $45,990.00. Following the purchase, the director now owns 1,000 shares in the company, valued at approximately $45,990. The disclosure for this purchase can be found here. Insiders own 1.95% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Bryn Mawr Bank by 7.1% in the 4th quarter. BlackRock Inc. now owns 1,290,587 shares of the bank’s stock valued at $57,044,000 after acquiring an additional 85,723 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bryn Mawr Bank by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 896,846 shares of the bank’s stock valued at $39,282,000 after acquiring an additional 36,790 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Bryn Mawr Bank by 40.9% in the 4th quarter. Franklin Resources Inc. now owns 881,726 shares of the bank’s stock valued at $38,972,000 after acquiring an additional 256,126 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Bryn Mawr Bank by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 702,322 shares of the bank’s stock valued at $31,042,000 after acquiring an additional 2,087 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Bryn Mawr Bank by 9.8% in the 4th quarter. Renaissance Technologies LLC now owns 623,057 shares of the bank’s stock valued at $27,539,000 after acquiring an additional 55,357 shares during the last quarter. 72.04% of the stock is owned by institutional investors.
BMTC stock traded up $0.60 during mid-day trading on Wednesday, hitting $44.60. 40,449 shares of the stock were exchanged, compared to its average volume of 55,734. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Bryn Mawr Bank has a 12 month low of $38.55 and a 12 month high of $47.20. The firm has a market cap of $891.70, a P/E ratio of 18.41 and a beta of 0.60.
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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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.
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