Wall Street brokerages expect Bryn Mawr Bank Corp. (NASDAQ:BMTC) to post $0.81 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Bryn Mawr Bank’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.83. Bryn Mawr Bank posted earnings per share of $0.62 in the same quarter last year, which would indicate a positive year over year growth rate of 30.6%. The business is expected to issue its next earnings results on Thursday, October 18th.
According to Zacks, analysts expect that Bryn Mawr Bank will report full year earnings of $3.13 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $3.57 per share, with EPS estimates ranging from $3.49 to $3.64. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last posted its earnings results on Thursday, July 19th. The bank reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.04). The business had revenue of $57.39 million during the quarter, compared to the consensus estimate of $53.58 million. Bryn Mawr Bank had a net margin of 15.20% and a return on equity of 11.63%.
A number of equities analysts have commented on BMTC shares. BidaskClub upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Sandler O’Neill lowered shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research upgraded shares of Bryn Mawr Bank from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $53.67.
In other news, Director Wendell F. Holland sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $48.00, for a total transaction of $72,000.00. Following the transaction, the director now directly owns 14,303 shares in the company, valued at $686,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francis J. Leto sold 8,075 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $49.47, for a total transaction of $399,470.25. Following the transaction, the chief executive officer now owns 48,123 shares in the company, valued at $2,380,644.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,115 shares of company stock worth $1,522,350. Company insiders own 1.95% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Bryn Mawr Bank during the first quarter worth approximately $105,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Bryn Mawr Bank during the first quarter worth approximately $129,000. Bank of Montreal Can acquired a new position in shares of Bryn Mawr Bank during the second quarter worth approximately $148,000. ClariVest Asset Management LLC acquired a new position in shares of Bryn Mawr Bank during the first quarter worth approximately $203,000. Finally, Aperio Group LLC acquired a new position in shares of Bryn Mawr Bank during the first quarter worth approximately $209,000. Institutional investors own 74.25% of the company’s stock.
NASDAQ:BMTC opened at $47.45 on Tuesday. The stock has a market capitalization of $968.75 million, a price-to-earnings ratio of 15.84 and a beta of 0.47. Bryn Mawr Bank has a 12 month low of $40.05 and a 12 month high of $50.35. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Wednesday, August 1st were given a $0.25 dividend. The ex-dividend date was Tuesday, July 31st. This is a positive change from Bryn Mawr Bank’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 2.11%. Bryn Mawr Bank’s payout ratio is 41.32%.
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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