Equities analysts forecast that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will post sales of $58.54 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bryn Mawr Bank’s earnings, with estimates ranging from $58.26 million to $58.82 million. Bryn Mawr Bank reported sales of $57.39 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The company is scheduled to announce its next earnings report on Thursday, July 18th.
On average, analysts expect that Bryn Mawr Bank will report full-year sales of $232.56 million for the current financial year, with estimates ranging from $230.61 million to $234.50 million. For the next fiscal year, analysts forecast that the business will report sales of $243.52 million, with estimates ranging from $241.53 million to $245.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.06). Bryn Mawr Bank had a net margin of 22.62% and a return on equity of 11.73%. The business had revenue of $56.90 million during the quarter, compared to analysts’ expectations of $55.60 million.
Shares of BMTC traded down $0.16 during mid-day trading on Wednesday, reaching $37.80. The company’s stock had a trading volume of 28,482 shares, compared to its average volume of 50,199. Bryn Mawr Bank has a 12-month low of $32.84 and a 12-month high of $50.35. The company has a market cap of $759.35 million, a P/E ratio of 10.92 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 0.95.
The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 1st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%. Bryn Mawr Bank’s dividend payout ratio is presently 28.90%.
In related news, Director Wendell F. Holland sold 4,475 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $37.33, for a total transaction of $167,051.75. Following the transaction, the director now owns 19,116 shares in the company, valued at approximately $713,600.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.39% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its stake in Bryn Mawr Bank by 40.1% during the 4th quarter. Captrust Financial Advisors now owns 919 shares of the bank’s stock worth $32,000 after buying an additional 263 shares during the last quarter. Ramsey Quantitative Systems grew its stake in Bryn Mawr Bank by 115.9% during the 4th quarter. Ramsey Quantitative Systems now owns 1,937 shares of the bank’s stock worth $67,000 after buying an additional 1,040 shares during the last quarter. SEI Investments Co purchased a new position in Bryn Mawr Bank during the 1st quarter worth approximately $105,000. Great West Life Assurance Co. Can grew its stake in Bryn Mawr Bank by 77.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 3,371 shares of the bank’s stock worth $122,000 after buying an additional 1,474 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Bryn Mawr Bank by 11.6% during the 4th quarter. Bank of Montreal Can now owns 3,551 shares of the bank’s stock worth $122,000 after buying an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 76.25% 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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