BidaskClub Lowers Bryn Mawr Bank (BMTC) to Sell

BidaskClub cut shares of Bryn Mawr Bank (NASDAQ:BMTC) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also issued reports on BMTC. Zacks Investment Research raised Bryn Mawr Bank from a hold rating to a buy rating and set a $55.00 target price on the stock in a research report on Tuesday, July 24th. Boenning Scattergood downgraded Bryn Mawr Bank from an outperform rating to a neutral rating in a report on Friday, October 19th. ValuEngine downgraded Bryn Mawr Bank from a hold rating to a sell rating in a report on Friday, October 19th. Finally, FIG Partners upgraded Bryn Mawr Bank from a market perform rating to an outperform rating and set a $46.00 price target for the company in a report on Tuesday. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $51.75.

Shares of BMTC opened at $39.31 on Wednesday. Bryn Mawr Bank has a 52-week low of $37.51 and a 52-week high of $50.35. The company has a market capitalization of $789.57 million, a price-to-earnings ratio of 12.04 and a beta of 0.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.



Bryn Mawr Bank (NASDAQ:BMTC) last announced its earnings results on Thursday, October 18th. The bank reported $0.82 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.82. Bryn Mawr Bank had a return on equity of 12.10% and a net margin of 16.74%. The company had revenue of $55.00 million for the quarter, compared to analyst estimates of $55.90 million. Sell-side analysts expect that Bryn Mawr Bank will post 3.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.54%. Bryn Mawr Bank’s dividend payout ratio (DPR) is 41.32%.

In other news, Director Andrea F. Gilbert sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $48.83, for a total value of $170,905.00. Following the completion of the sale, the director now directly owns 24,660 shares in the company, valued at approximately $1,204,147.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Britton Murdoch sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $49.10, for a total value of $441,900.00. Following the completion of the sale, the director now owns 31,390 shares of the company’s stock, valued at $1,541,249. The disclosure for this sale can be found here. Insiders sold a total of 29,075 shares of company stock valued at $1,422,655 over the last quarter. Company insiders own 1.95% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC grew its stake in Bryn Mawr Bank by 226.8% during the 2nd quarter. Acuitas Investments LLC now owns 58,736 shares of the bank’s stock worth $2,719,000 after buying an additional 40,765 shares during the last quarter. BTIM Corp. bought a new position in Bryn Mawr Bank during the 2nd quarter worth $4,521,000. Eagle Asset Management Inc. grew its stake in Bryn Mawr Bank by 6.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 72,516 shares of the bank’s stock worth $3,357,000 after buying an additional 4,225 shares during the last quarter. Maltese Capital Management LLC grew its stake in Bryn Mawr Bank by 31.7% during the 2nd quarter. Maltese Capital Management LLC now owns 196,300 shares of the bank’s stock worth $9,089,000 after buying an additional 47,200 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Bryn Mawr Bank during the 2nd quarter worth $1,484,000. Hedge funds and other institutional investors own 72.98% 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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