Brokerages expect that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will report $55.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bryn Mawr Bank’s earnings. The lowest sales estimate is $54.90 million and the highest is $56.90 million. Bryn Mawr Bank reported sales of $45.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.2%. The firm is expected to announce its next quarterly earnings report on Thursday, October 18th.

On average, analysts expect that Bryn Mawr Bank will report full year sales of $227.32 million for the current year, with estimates ranging from $225.38 million to $229.25 million. For the next fiscal year, analysts expect that the firm will post sales of $238.73 million per share, with estimates ranging from $237.34 million to $240.12 million. Zacks’ sales averages are an average based on a survey of analysts that follow Bryn Mawr Bank.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings results on Thursday, July 19th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.04). The business had revenue of $57.39 million during the quarter, compared to analyst estimates of $53.58 million. Bryn Mawr Bank had a net margin of 15.20% and a return on equity of 11.63%.

Several equities research analysts recently weighed in on BMTC shares. Zacks Investment Research upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, July 24th. BidaskClub upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Finally, Sandler O’Neill cut shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Bryn Mawr Bank presently has an average rating of “Hold” and a consensus price target of $53.67.

NASDAQ BMTC opened at $47.85 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. Bryn Mawr Bank has a twelve month low of $40.05 and a twelve month high of $50.35. The stock has a market capitalization of $981.91 million, a P/E ratio of 19.79 and a beta of 0.47.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Wednesday, August 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, July 31st. This is a boost from Bryn Mawr Bank’s previous quarterly dividend of $0.22. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 41.32%.

In other Bryn Mawr Bank news, insider F Kevin Tylus sold 7,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $48.34, for a total transaction of $338,380.00. Following the completion of the transaction, the insider now owns 24,631 shares in the company, valued at $1,190,662.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph G. Keefer sold 2,040 shares of the firm’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $48.87, for a total transaction of $99,694.80. Following the transaction, the executive vice president now owns 9,677 shares of the company’s stock, valued at approximately $472,914.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,615 shares of company stock valued at $1,450,350. 1.95% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BMTC. SG Americas Securities LLC bought a new position in Bryn Mawr Bank during the first quarter worth about $105,000. Mount Yale Investment Advisors LLC bought a new position in Bryn Mawr Bank during the first quarter worth about $129,000. Bank of Montreal Can bought a new position in Bryn Mawr Bank during the second quarter worth about $148,000. ClariVest Asset Management LLC bought a new position in Bryn Mawr Bank during the first quarter worth about $203,000. Finally, Aperio Group LLC bought a new position in Bryn Mawr Bank during the first quarter worth about $209,000. Hedge funds and other institutional investors own 74.25% of the company’s stock.

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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Earnings History and Estimates for Bryn Mawr Bank (NASDAQ:BMTC)

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