Bryn Mawr Bank (NASDAQ:BMTC) Posts Earnings Results, Beats Estimates By $0.05 EPS

Bryn Mawr Bank (NASDAQ:BMTC) announced its quarterly earnings results on Thursday. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05, Bloomberg Earnings reports. The business had revenue of $56.85 million during the quarter, compared to the consensus estimate of $57.45 million. Bryn Mawr Bank had a net margin of 22.71% and a return on equity of 11.27%.

Shares of NASDAQ BMTC traded up $1.05 during trading on Friday, reaching $36.80. 2,354 shares of the stock were exchanged, compared to its average volume of 60,190. The business’s 50-day moving average price is $35.74 and its 200 day moving average price is $36.61. Bryn Mawr Bank has a twelve month low of $32.84 and a twelve month high of $47.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $725.24 million, a price-to-earnings ratio of 10.65 and a beta of 0.74.

A number of brokerages have recently issued reports on BMTC. Boenning Scattergood reiterated a “neutral” rating on shares of Bryn Mawr Bank in a report on Thursday, June 20th. ValuEngine upgraded shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Bryn Mawr Bank from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, BidaskClub downgraded shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Bryn Mawr Bank currently has an average rating of “Hold” and a consensus target price of $45.00.

In other news, Director Andrea F. Gilbert sold 2,200 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $35.44, for a total transaction of $77,968.00. Following the transaction, the director now directly owns 31,607 shares of the company’s stock, valued at $1,120,152.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrea F. Gilbert sold 4,475 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $35.63, for a total transaction of $159,444.25. Following the transaction, the director now directly owns 31,607 shares in the company, valued at $1,126,157.41. The disclosure for this sale can be found here. Insiders own 1.39% 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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Earnings History for Bryn Mawr Bank (NASDAQ:BMTC)

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