Bryn Mawr Bank (NASDAQ:BMTC) Cut to “Sell” at BidaskClub

BidaskClub cut shares of Bryn Mawr Bank (NASDAQ:BMTC) from a hold rating to a sell rating in a report issued on Tuesday, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Bryn Mawr Bank from a sell rating to a hold rating in a report on Monday, September 23rd. ValuEngine upgraded Bryn Mawr Bank from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, Boenning Scattergood restated a neutral rating on shares of Bryn Mawr Bank in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $45.00.

Bryn Mawr Bank stock opened at $36.00 on Tuesday. Bryn Mawr Bank has a 52 week low of $32.84 and a 52 week high of $47.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $725.04 million, a P/E ratio of 10.40 and a beta of 0.74. The stock has a 50-day simple moving average of $35.51 and a 200 day simple moving average of $36.60.

Bryn Mawr Bank (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Bryn Mawr Bank had a return on equity of 11.27% and a net margin of 22.71%. The business had revenue of $56.83 million for the quarter, compared to the consensus estimate of $58.54 million. Research analysts forecast that Bryn Mawr Bank will post 3.04 earnings per share for the current year.

In other news, Director Andrea F. Gilbert sold 4,475 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 31,607 shares in the company, valued at $1,126,157.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrea F. Gilbert sold 2,200 shares of Bryn Mawr Bank stock in a transaction that occurred 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 completion of the sale, the director now owns 31,607 shares of the company’s stock, valued at $1,120,152.08. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bryn Mawr Bank in the second quarter valued at approximately $25,000. Advisor Group Inc. raised its position in shares of Bryn Mawr Bank by 530.8% in the second quarter. Advisor Group Inc. now owns 820 shares of the bank’s stock valued at $31,000 after buying an additional 690 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in shares of Bryn Mawr Bank in the second quarter valued at approximately $37,000. Coastal Investment Advisors Inc. raised its position in shares of Bryn Mawr Bank by 12.9% in the second quarter. Coastal Investment Advisors Inc. now owns 4,375 shares of the bank’s stock valued at $164,000 after buying an additional 500 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Bryn Mawr Bank by 53.0% in the second quarter. Royal Bank of Canada now owns 4,493 shares of the bank’s stock valued at $168,000 after buying an additional 1,556 shares in the last quarter. Institutional investors own 76.69% 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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