Equities research analysts expect Bryn Mawr Bank Corp. (NASDAQ:BMTC) to post $0.78 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bryn Mawr Bank’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.75. Bryn Mawr Bank reported earnings of $0.84 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The business is expected to announce its next quarterly earnings report on Thursday, October 17th.
On average, analysts expect that Bryn Mawr Bank will report full-year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.08. For the next financial year, analysts expect that the business will report earnings of $3.30 per share, with EPS estimates ranging from $3.28 to $3.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The business had revenue of $56.83 million during the quarter, compared to the consensus estimate of $58.54 million. Bryn Mawr Bank had a return on equity of 11.27% and a net margin of 22.71%.
Shares of BMTC stock traded up $1.10 during trading hours on Friday, reaching $35.57. The company’s stock had a trading volume of 59,200 shares, compared to its average volume of 60,718. The stock has a market capitalization of $694.04 million, a P/E ratio of 10.28 and a beta of 0.71. Bryn Mawr Bank has a one year low of $32.84 and a one year high of $50.05. The firm’s fifty day simple moving average is $36.50 and its 200 day simple moving average is $37.50. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 1st will be given a $0.26 dividend. This is a positive change from Bryn Mawr Bank’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, July 31st. Bryn Mawr Bank’s dividend payout ratio (DPR) is currently 30.06%.
In other news, Director Wendell F. Holland sold 4,475 shares of Bryn Mawr Bank stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $37.33, for a total value of $167,051.75. Following the sale, the director now directly owns 19,116 shares in the company, valued at approximately $713,600.28. The sale was disclosed in a filing with the SEC, which is available through this link. 1.39% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of BMTC. BlackRock Inc. boosted its position in shares of Bryn Mawr Bank by 0.8% during the second quarter. BlackRock Inc. now owns 1,489,816 shares of the bank’s stock valued at $55,600,000 after purchasing an additional 12,480 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bryn Mawr Bank by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,040,142 shares of the bank’s stock valued at $35,781,000 after purchasing an additional 4,988 shares in the last quarter. Vanguard Group Inc. raised its stake in Bryn Mawr Bank by 0.8% during the second quarter. Vanguard Group Inc. now owns 977,018 shares of the bank’s stock valued at $36,461,000 after buying an additional 7,847 shares during the last quarter. Investment Counselors of Maryland LLC raised its stake in Bryn Mawr Bank by 1.1% during the second quarter. Investment Counselors of Maryland LLC now owns 588,318 shares of the bank’s stock valued at $21,956,000 after buying an additional 6,470 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Bryn Mawr Bank by 1.6% during the second quarter. Northern Trust Corp now owns 257,303 shares of the bank’s stock valued at $9,603,000 after buying an additional 4,133 shares during the last quarter. Hedge funds and other institutional investors own 76.76% of the company’s stock.
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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