FIG Partners Equities Analysts Increase Earnings Estimates for Bryn Mawr Bank Corporation (BMTC)

Bryn Mawr Bank Corporation (NASDAQ:BMTC) – Equities research analysts at FIG Partners upped their Q3 2017 earnings estimates for shares of Bryn Mawr Bank Corporation in a research report issued to clients and investors on Monday. FIG Partners analyst D. Bishop now anticipates that the bank will post earnings of $0.60 per share for the quarter, up from their prior forecast of $0.57. FIG Partners also issued estimates for Bryn Mawr Bank Corporation’s Q4 2017 earnings at $0.64 EPS, FY2017 earnings at $2.38 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.76 EPS and FY2018 earnings at $2.86 EPS.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $42.75 million during the quarter, compared to the consensus estimate of $42.40 million. Bryn Mawr Bank Corporation had a return on equity of 10.04% and a net margin of 21.17%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. COPYRIGHT VIOLATION WARNING: This article was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.com-unik.info/2017/08/06/fig-partners-equities-analysts-increase-earnings-estimates-for-bryn-mawr-bank-corporation-bmtc-updated.html.

BMTC has been the subject of a number of other reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $44.00 price objective on shares of Bryn Mawr Bank Corporation in a report on Thursday, April 20th. ValuEngine raised Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, April 24th. BidaskClub lowered Bryn Mawr Bank Corporation from a “hold” rating to a “sell” rating in a report on Monday. Finally, Boenning Scattergood raised Bryn Mawr Bank Corporation from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Bryn Mawr Bank Corporation (NASDAQ BMTC) opened at 42.85 on Wednesday. Bryn Mawr Bank Corporation has a 1-year low of $28.85 and a 1-year high of $44.35. The company has a market capitalization of $727.98 million, a P/E ratio of 19.66 and a beta of 0.62. The firm has a 50-day moving average price of $42.16 and a 200-day moving average price of $41.11.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, July 31st. This is a positive change from Bryn Mawr Bank Corporation’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.05%. Bryn Mawr Bank Corporation’s dividend payout ratio is currently 38.53%.

Several institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its position in Bryn Mawr Bank Corporation by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 3,812 shares of the bank’s stock valued at $151,000 after buying an additional 532 shares in the last quarter. Teachers Advisors LLC raised its position in Bryn Mawr Bank Corporation by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 35,676 shares of the bank’s stock valued at $1,504,000 after buying an additional 624 shares in the last quarter. American International Group Inc. raised its position in Bryn Mawr Bank Corporation by 6.9% in the first quarter. American International Group Inc. now owns 10,235 shares of the bank’s stock valued at $404,000 after buying an additional 661 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Bryn Mawr Bank Corporation by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 141,520 shares of the bank’s stock valued at $5,590,000 after buying an additional 1,016 shares in the last quarter. Finally, Cadence Capital Management LLC raised its position in Bryn Mawr Bank Corporation by 4.4% in the first quarter. Cadence Capital Management LLC now owns 31,046 shares of the bank’s stock valued at $1,226,000 after buying an additional 1,303 shares in the last quarter. 75.69% of the stock is owned by institutional investors.

Bryn Mawr Bank Corporation Company Profile

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.

Earnings History and Estimates for Bryn Mawr Bank Corporation (NASDAQ:BMTC)

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