Equities analysts forecast that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will post earnings per share of $0.80 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bryn Mawr Bank’s earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.77. Bryn Mawr Bank posted earnings of $0.84 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 16th.
According to Zacks, analysts expect that Bryn Mawr Bank will report full-year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.11. For the next year, analysts forecast that the business will report earnings of $3.21 per share, with EPS estimates ranging from $3.19 to $3.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.05. The firm had revenue of $56.85 million during the quarter, compared to analyst estimates of $57.45 million. Bryn Mawr Bank had a return on equity of 10.90% and a net margin of 22.13%.
In other news, Director Andrea F. Gilbert sold 4,475 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $35.63, for a total transaction of $159,444.25. Following the completion of the transaction, the director now directly owns 31,607 shares in the company, valued at approximately $1,126,157.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.39% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of BMTC. Bank of America Corp DE grew its position in shares of Bryn Mawr Bank by 253.3% during the 2nd quarter. Bank of America Corp DE now owns 246,881 shares of the bank’s stock worth $9,213,000 after buying an additional 177,000 shares during the period. Earnest Partners LLC bought a new position in shares of Bryn Mawr Bank during the 2nd quarter valued at about $3,860,000. Nuveen Asset Management LLC lifted its holdings in shares of Bryn Mawr Bank by 1,243.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 101,901 shares of the bank’s stock valued at $3,803,000 after purchasing an additional 94,318 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Bryn Mawr Bank by 68.2% during the 2nd quarter. Wells Fargo & Company MN now owns 154,060 shares of the bank’s stock valued at $5,749,000 after purchasing an additional 62,479 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Bryn Mawr Bank by 7.1% during the 2nd quarter. Macquarie Group Ltd. now owns 584,247 shares of the bank’s stock valued at $21,804,000 after purchasing an additional 38,492 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.
BMTC stock traded up $0.01 during midday trading on Friday, reaching $38.99. The stock had a trading volume of 37,100 shares, compared to its average volume of 56,592. The business has a fifty day simple moving average of $37.25 and a two-hundred day simple moving average of $36.81. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. The firm has a market cap of $790.88 million, a price-to-earnings ratio of 11.27 and a beta of 0.73. Bryn Mawr Bank has a twelve month low of $32.84 and a twelve month high of $41.33.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 1st will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.04 annualized dividend and a dividend yield of 2.67%. Bryn Mawr Bank’s payout ratio is currently 30.06%.
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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