Wall Street analysts expect Bryn Mawr Bank Co. (NASDAQ:BMTC) to report $0.70 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bryn Mawr Bank’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.66. Bryn Mawr Bank posted earnings per share of $0.55 in the same quarter last year, which indicates a positive year-over-year growth rate of 27.3%. The business is expected to report its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Bryn Mawr Bank will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $2.96 to $3.18. For the next financial year, analysts forecast that the business will report earnings of $3.39 per share, with EPS estimates ranging from $3.29 to $3.48. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last released its earnings results on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). The company had revenue of $45.86 million for the quarter, compared to analyst estimates of $45.47 million. Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 9.71%.
In other news, Director Wendell F. Holland sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.03, for a total transaction of $157,605.00. Following the completion of the transaction, the director now owns 17,654 shares in the company, valued at approximately $794,959.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Diego F. Calderin bought 1,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $45.99 per share, with a total value of $45,990.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $45,990. The disclosure for this purchase can be found here. Company insiders own 1.95% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in BMTC. SG Americas Securities LLC acquired a new position in shares of Bryn Mawr Bank in the third quarter worth about $133,000. Citadel Advisors LLC boosted its holdings in shares of Bryn Mawr Bank by 17.6% in the third quarter. Citadel Advisors LLC now owns 16,926 shares of the bank’s stock worth $741,000 after buying an additional 2,528 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Bryn Mawr Bank by 13.5% in the third quarter. Wells Fargo & Company MN now owns 65,300 shares of the bank’s stock worth $2,860,000 after buying an additional 7,779 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Bryn Mawr Bank by 5.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 79,177 shares of the bank’s stock worth $3,468,000 after buying an additional 4,335 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Bryn Mawr Bank by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 896,846 shares of the bank’s stock worth $39,282,000 after buying an additional 36,790 shares during the period. Institutional investors own 72.04% of the company’s stock.
Bryn Mawr Bank stock traded up $0.60 during trading hours on Monday, hitting $44.60. 40,449 shares of the company traded hands, compared to its average volume of 55,734. Bryn Mawr Bank has a 1-year low of $38.55 and a 1-year high of $47.20. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market cap of $891.70, a price-to-earnings ratio of 18.41 and a beta of 0.60.
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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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.
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