BidaskClub downgraded shares of Bryn Mawr Bank (NASDAQ:BMTC) from a hold rating to a sell rating in a research note released on Thursday.
A number of other research analysts have also weighed in on BMTC. Zacks Investment Research lowered shares of Bryn Mawr Bank from a hold rating to a sell rating in a research report on Monday, October 23rd. ValuEngine lowered shares of Bryn Mawr Bank from a buy rating to a hold rating in a research report on Saturday, November 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Bryn Mawr Bank presently has a consensus rating of Hold and an average target price of $49.33.
Bryn Mawr Bank (NASDAQ BMTC) traded down $0.05 on Thursday, hitting $43.95. 217,800 shares of the company were exchanged, compared to its average volume of 97,750. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.95 and a quick ratio of 0.95. Bryn Mawr Bank has a one year low of $36.80 and a one year high of $46.55. The company has a market capitalization of $876.20, a price-to-earnings ratio of 19.53 and a beta of 0.62.
Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. Bryn Mawr Bank had a net margin of 21.29% and a return on equity of 10.15%. The company had revenue of $45.02 million for the quarter, compared to analyst estimates of $46.85 million. analysts predict that Bryn Mawr Bank will post 2.44 earnings per share for the current year.
In other Bryn Mawr Bank news, EVP Joseph G. Keefer sold 11,500 shares of Bryn Mawr Bank stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $44.18, for a total value of $508,070.00. Following the sale, the executive vice president now owns 19,925 shares of the company’s stock, valued at $880,286.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.31% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Bryn Mawr Bank by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 896,846 shares of the bank’s stock worth $39,282,000 after purchasing an additional 36,790 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Bryn Mawr Bank by 1.1% in the second quarter. Vanguard Group Inc. now owns 744,704 shares of the bank’s stock worth $31,650,000 after purchasing an additional 8,100 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Bryn Mawr Bank by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 697,942 shares of the bank’s stock worth $29,662,000 after purchasing an additional 95,440 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Bryn Mawr Bank by 200.4% in the second quarter. Franklin Resources Inc. now owns 622,794 shares of the bank’s stock worth $26,469,000 after purchasing an additional 415,444 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Bryn Mawr Bank by 2.4% in the second quarter. Renaissance Technologies LLC now owns 559,000 shares of the bank’s stock worth $23,758,000 after purchasing an additional 12,900 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.
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About Bryn Mawr Bank
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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