Wall Street analysts expect that Bryn Mawr Bank Corp. (NASDAQ:BMTC) will announce sales of $51.25 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Bryn Mawr Bank’s earnings. The lowest sales estimate is $50.07 million and the highest is $52.43 million. Bryn Mawr Bank reported sales of $40.63 million during the same quarter last year, which indicates a positive year over year growth rate of 26.1%. The company is expected to announce its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Bryn Mawr Bank will report full year sales of $51.25 million for the current financial year, with estimates ranging from $209.24 million to $219.03 million. For the next financial year, analysts expect that the business will post sales of $230.42 million per share, with estimates ranging from $225.43 million to $235.41 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Bryn Mawr Bank.
Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $45.86 million for the quarter, compared to analysts’ expectations of $45.47 million. Bryn Mawr Bank had a net margin of 12.20% and a return on equity of 10.53%.
In related news, Director Michael Joseph Clement bought 2,800 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $43.84 per share, for a total transaction of $122,752.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BMTC. Franklin Resources Inc. grew its stake in Bryn Mawr Bank by 40.9% in the fourth quarter. Franklin Resources Inc. now owns 881,726 shares of the bank’s stock valued at $38,972,000 after purchasing an additional 256,126 shares during the last quarter. BlackRock Inc. grew its stake in Bryn Mawr Bank by 7.1% in the fourth quarter. BlackRock Inc. now owns 1,290,587 shares of the bank’s stock valued at $57,044,000 after purchasing an additional 85,723 shares during the last quarter. Basswood Capital Management L.L.C. grew its stake in Bryn Mawr Bank by 37.7% in the fourth quarter. Basswood Capital Management L.L.C. now owns 308,602 shares of the bank’s stock valued at $13,640,000 after purchasing an additional 84,432 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Bryn Mawr Bank by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 860,056 shares of the bank’s stock valued at $36,553,000 after purchasing an additional 56,193 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Bryn Mawr Bank by 9.8% in the fourth quarter. Renaissance Technologies LLC now owns 623,057 shares of the bank’s stock valued at $27,539,000 after purchasing an additional 55,357 shares during the last quarter. Institutional investors own 69.83% of the company’s stock.
Bryn Mawr Bank (NASDAQ:BMTC) opened at $45.40 on Monday. The company has a market capitalization of $915.35, a price-to-earnings ratio of 19.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.95. Bryn Mawr Bank has a 52 week low of $36.80 and a 52 week high of $46.90.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be paid a $0.22 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.88 annualized dividend and a yield of 1.94%. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 65.19%.
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About Bryn Mawr Bank
Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.
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