Bryn Mawr Bank Corp. (NASDAQ:BMTC) has been assigned an average broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.
Brokers have set a one year consensus price target of $33.25 for the company and are anticipating that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also assigned Bryn Mawr Bank Corp. an industry rank of 180 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Bryn Mawr Bank Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Keefe, Bruyette & Woods increased their target price on shares of Bryn Mawr Bank Corp. from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, July 25th.
In related news, Director Frederick C. Peters II sold 5,229 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $31.74, for a total transaction of $165,968.46. Following the transaction, the director now directly owns 44,220 shares of the company’s stock, valued at $1,403,542.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph G. Keefer sold 10,000 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $30.62, for a total transaction of $306,200.00. Following the transaction, the executive vice president now directly owns 7,565 shares in the company, valued at $231,640.30. The disclosure for this sale can be found here. Corporate insiders own 3.33% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new position in shares of Bryn Mawr Bank Corp. during the second quarter valued at about $105,000. BlackRock Inc. raised its position in shares of Bryn Mawr Bank Corp. by 201.8% in the second quarter. BlackRock Inc. now owns 4,334 shares of the company’s stock valued at $126,000 after buying an additional 2,898 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Bryn Mawr Bank Corp. during the second quarter valued at about $171,000. Royal Bank of Canada raised its position in shares of Bryn Mawr Bank Corp. by 16,862.5% in the first quarter. Royal Bank of Canada now owns 6,785 shares of the company’s stock valued at $175,000 after buying an additional 6,745 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Bryn Mawr Bank Corp. during the second quarter worth $219,000. 68.92% of the stock is currently owned by institutional investors and hedge funds.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) opened at 31.99 on Tuesday. The stock’s 50 day moving average is $31.61 and its 200 day moving average is $29.00. The firm has a market capitalization of $538.49 million, a price-to-earnings ratio of 30.35 and a beta of 0.75. Bryn Mawr Bank Corp. has a 1-year low of $23.92 and a 1-year high of $32.50.
Bryn Mawr Bank Corp. (NASDAQ:BMTC) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Bryn Mawr Bank Corp. had a net margin of 11.02% and a return on equity of 5.15%. Analysts predict that Bryn Mawr Bank Corp. will post $2.09 EPS for the current fiscal year.
About Bryn Mawr Bank Corp.
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers 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.
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