Bryn Mawr Bank Corp. (NASDAQ:BMTC) Expected to Post Earnings of $0.83 Per Share

Brokerages expect that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will report earnings of $0.83 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Bryn Mawr Bank’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.84. Bryn Mawr Bank also reported earnings per share of $0.83 during the same quarter last year. The firm is scheduled to announce its next earnings results on Thursday, July 18th.

According to Zacks, analysts expect that Bryn Mawr Bank will report full-year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.20. For the next year, analysts expect that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.37 to $3.48. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Bryn Mawr Bank.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). Bryn Mawr Bank had a return on equity of 11.73% and a net margin of 22.62%. The company had revenue of $56.90 million for the quarter, compared to the consensus estimate of $55.60 million.

BMTC has been the subject of a number of analyst reports. FIG Partners restated an “outperform” rating on shares of Bryn Mawr Bank in a research report on Tuesday, April 23rd. BidaskClub downgraded Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Zacks Investment Research downgraded Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Boenning Scattergood restated a “hold” rating on shares of Bryn Mawr Bank in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.33.

Shares of BMTC opened at $37.32 on Wednesday. Bryn Mawr Bank has a 1 year low of $32.84 and a 1 year high of $50.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $745.45 million, a P/E ratio of 11.53 and a beta of 0.73. The business’s 50-day moving average is $37.42.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 1st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.68%. Bryn Mawr Bank’s dividend payout ratio (DPR) is 28.90%.

In other Bryn Mawr Bank 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 completion of the sale, the director now directly owns 19,116 shares in the company, valued at $713,600.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.39% of the company’s stock.

A number of hedge funds have recently modified their holdings of BMTC. Roubaix Capital LLC bought a new stake in Bryn Mawr Bank in the first quarter worth approximately $2,129,000. Eagle Asset Management Inc. increased its holdings in Bryn Mawr Bank by 44.3% in the fourth quarter. Eagle Asset Management Inc. now owns 128,493 shares of the bank’s stock worth $4,420,000 after purchasing an additional 39,444 shares in the last quarter. Two Sigma Investments LP bought a new stake in Bryn Mawr Bank in the fourth quarter worth approximately $1,129,000. BlackRock Inc. increased its holdings in Bryn Mawr Bank by 2.2% in the fourth quarter. BlackRock Inc. now owns 1,491,168 shares of the bank’s stock worth $51,298,000 after purchasing an additional 32,045 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Bryn Mawr Bank in the first quarter worth approximately $1,134,000. Institutional investors and hedge funds own 76.18% 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. 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.

Recommended Story: Diversification in Investing

Get a free copy of the Zacks research report on Bryn Mawr Bank (BMTC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Bryn Mawr Bank (NASDAQ:BMTC)

Receive News & Ratings for Bryn Mawr Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank and related companies with MarketBeat.com's FREE daily email newsletter.