Bryn Mawr Bank (NASDAQ:BMTC) Posts Quarterly Earnings Results, Meets Expectations
Bryn Mawr Bank (NASDAQ:BMTC) issued its quarterly earnings data on Thursday, October 18th. The bank reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82, MarketWatch Earnings reports. Bryn Mawr Bank had a return on equity of 12.00% and a net margin of 16.74%. The company had revenue of $55.00 million for the quarter, compared to analyst estimates of $55.90 million.
NASDAQ:BMTC traded down $0.43 during mid-day trading on Friday, reaching $40.26. The stock had a trading volume of 28,253 shares, compared to its average volume of 69,886. Bryn Mawr Bank has a twelve month low of $37.51 and a twelve month high of $50.35. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The company has a market cap of $818.72 million, a P/E ratio of 16.64 and a beta of 0.64.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.48%. Bryn Mawr Bank’s payout ratio is currently 41.32%.
BMTC has been the topic of a number of research reports. BidaskClub raised Bryn Mawr Bank from a “strong sell” rating to a “sell” rating in a report on Saturday, October 6th. FIG Partners raised Bryn Mawr Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a report on Tuesday, October 23rd. Boenning Scattergood lowered Bryn Mawr Bank from an “outperform” rating to a “neutral” rating in a report on Friday, October 19th. ValuEngine downgraded shares of Bryn Mawr Bank from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research downgraded shares of Bryn Mawr Bank from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.75.
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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