Bryn Mawr Bank Corp. (NASDAQ:BMTC) Expected to Post Earnings of $0.80 Per Share
Equities research analysts predict that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will report earnings per share of $0.80 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bryn Mawr Bank’s earnings, with estimates ranging from $0.77 to $0.82. Bryn Mawr Bank posted earnings per share of $0.84 during the same quarter last year, which would suggest a negative year over year growth rate of 4.8%. The business is scheduled to announce its next quarterly earnings report on Thursday, January 16th.
On average, analysts expect that Bryn Mawr Bank will report full year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $3.06 to $3.11. For the next year, analysts forecast that the business will post earnings of $3.21 per share, with EPS estimates ranging from $3.19 to $3.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. The business had revenue of $56.85 million for the quarter, compared to analyst estimates of $57.45 million. Bryn Mawr Bank had a net margin of 22.13% and a return on equity of 11.02%.
BMTC stock opened at $39.44 on Friday. The firm has a market capitalization of $789.68 million, a PE ratio of 11.40 and a beta of 0.73. The company’s 50 day simple moving average is $36.95 and its 200-day simple moving average is $36.73. Bryn Mawr Bank has a 12 month low of $32.84 and a 12 month high of $41.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 1st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, October 31st. Bryn Mawr Bank’s dividend payout ratio is presently 30.06%.
In related news, Director Andrea F. Gilbert sold 2,200 shares of Bryn Mawr Bank stock in a transaction on Friday, August 16th. The shares were sold at an average price of $35.44, for a total transaction of $77,968.00. Following the sale, the director now owns 31,607 shares of the company’s stock, valued at approximately $1,120,152.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea F. Gilbert sold 4,475 shares of Bryn Mawr Bank stock in a transaction on Monday, August 19th. The stock was sold at an average price of $35.63, for a total transaction of $159,444.25. Following the sale, the director now directly 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.
A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Shields & Co. LLC purchased a new stake in Bryn Mawr Bank during the 3rd quarter worth $365,000. Russell Investments Group Ltd. increased its stake in Bryn Mawr Bank by 229.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 18,688 shares of the bank’s stock worth $682,000 after buying an additional 13,017 shares during the period. California Public Employees Retirement System increased its stake in Bryn Mawr Bank by 87.6% during the 3rd quarter. California Public Employees Retirement System now owns 49,610 shares of the bank’s stock worth $1,811,000 after buying an additional 23,172 shares during the period. North Star Asset Management Inc. increased its stake in Bryn Mawr Bank by 0.3% during the 3rd quarter. North Star Asset Management Inc. now owns 255,663 shares of the bank’s stock worth $9,335,000 after buying an additional 695 shares during the period. Finally, Rhumbline Advisers increased its stake in Bryn Mawr Bank by 8.8% during the 3rd quarter. Rhumbline Advisers now owns 33,170 shares of the bank’s stock worth $1,211,000 after buying an additional 2,691 shares during the period. 76.62% of the stock is currently owned by hedge funds and other institutional investors.
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. 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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