Brokerages Set Bryn Mawr Bank Co. (NASDAQ:BMTC) Target Price at $39.50

Bryn Mawr Bank Co. (NASDAQ:BMTC) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.50.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $52.00 to $50.00 in a report on Friday, July 30th. Zacks Investment Research lowered Bryn Mawr Bank from a “buy” rating to a “hold” rating in a report on Thursday, July 1st.

Shares of BMTC stock traded up $0.28 during trading on Friday, reaching $48.84. The company had a trading volume of 2,191 shares, compared to its average volume of 97,165. The firm’s 50 day simple moving average is $42.10 and its two-hundred day simple moving average is $43.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. Bryn Mawr Bank has a one year low of $26.03 and a one year high of $49.83. The company has a market capitalization of $970.84 million, a PE ratio of 14.50 and a beta of 0.96.

Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Wednesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.53. The firm had revenue of $56.21 million for the quarter, compared to analyst estimates of $55.53 million. Bryn Mawr Bank had a return on equity of 10.77% and a net margin of 28.30%. Analysts forecast that Bryn Mawr Bank will post 2.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Monday, August 2nd were paid a $0.28 dividend. This is a positive change from Bryn Mawr Bank’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, July 30th. This represents a $1.12 annualized dividend and a yield of 2.29%. Bryn Mawr Bank’s payout ratio is currently 68.29%.

A number of institutional investors and hedge funds have recently modified their holdings of BMTC. Alliancebernstein L.P. raised its position in Bryn Mawr Bank by 26.1% in the 1st quarter. Alliancebernstein L.P. now owns 17,414 shares of the bank’s stock valued at $793,000 after purchasing an additional 3,604 shares during the last quarter. Swiss National Bank raised its position in Bryn Mawr Bank by 1.6% in the 1st quarter. Swiss National Bank now owns 45,600 shares of the bank’s stock valued at $2,075,000 after purchasing an additional 700 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Bryn Mawr Bank by 127.6% during the first quarter. BNP Paribas Arbitrage SA now owns 8,778 shares of the bank’s stock worth $399,000 after acquiring an additional 4,921 shares during the last quarter. BlackRock Inc. raised its position in shares of Bryn Mawr Bank by 13.7% during the first quarter. BlackRock Inc. now owns 1,798,669 shares of the bank’s stock worth $81,859,000 after acquiring an additional 216,052 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Bryn Mawr Bank by 8.4% in the first quarter. Principal Financial Group Inc. now owns 17,179 shares of the bank’s stock valued at $782,000 after purchasing an additional 1,326 shares during the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.

About Bryn Mawr Bank

Bryn Mawr Bank Corp. is engaged in the provision of personal and business banking services. It also offers consumer & commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust & estate administration, retirement planning, custody services and tax planning and preparation.

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Analyst Recommendations for Bryn Mawr Bank (NASDAQ:BMTC)

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