Bryn Mawr Bank (NASDAQ:BMTC) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS


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Bryn Mawr Bank (NASDAQ:BMTC) released its quarterly earnings data on Wednesday. The bank reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.15, Fidelity Earnings reports. Bryn Mawr Bank had a return on equity of 5.58% and a net margin of 12.77%.

BMTC stock opened at $33.37 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $666.00 million, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business’s fifty day moving average price is $31.70 and its two-hundred day moving average price is $28.50. Bryn Mawr Bank has a fifty-two week low of $22.20 and a fifty-two week high of $40.03.

The company also recently disclosed a dividend, which will be paid on Monday, March 1st. Shareholders of record on Monday, February 1st will be issued a $0.27 dividend. This represents a yield of 3.25%. The ex-dividend date is Friday, January 29th. Bryn Mawr Bank’s dividend payout ratio is 34.84%.

In other news, CFO Michael W. Harrington acquired 3,000 shares of the stock in a transaction on Wednesday, November 18th. The shares were purchased at an average price of $30.43 per share, for a total transaction of $91,290.00. Following the transaction, the chief financial officer now directly owns 18,237 shares of the company’s stock, valued at $554,951.91. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael Laplante acquired 1,500 shares of the stock in a transaction on Thursday, November 19th. The shares were purchased at an average price of $30.20 per share, for a total transaction of $45,300.00. Following the transaction, the chief accounting officer now directly owns 1,500 shares in the company, valued at $45,300. The disclosure for this purchase can be found here. 1.39% of the stock is owned by company insiders.

Several research firms have commented on BMTC. Piper Sandler boosted their target price on Bryn Mawr Bank from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, October 27th. Zacks Investment Research cut Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research note on Monday, January 4th. TheStreet upgraded Bryn Mawr Bank from a “c+” rating to a “b” rating in a research note on Tuesday, November 24th. Boenning Scattergood upgraded Bryn Mawr Bank from a “neutral” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Wednesday, December 16th. Finally, Stephens upgraded Bryn Mawr Bank from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $36.50 to $40.00 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $34.40.

About Bryn Mawr Bank

Bryn Mawr Bank Corporation operates as a 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 deposits, money market accounts, and wholesale non-maturity deposits.

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Earnings History for Bryn Mawr Bank (NASDAQ:BMTC)

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