Analysts predict that Bryn Mawr Bank Co. (NASDAQ:BMTC) will report sales of $55.42 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Bryn Mawr Bank’s earnings, with the lowest sales estimate coming in at $55.30 million and the highest estimate coming in at $55.53 million. Bryn Mawr Bank reported sales of $60.16 million during the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The firm is scheduled to issue its next earnings results on Monday, July 19th.
On average, analysts expect that Bryn Mawr Bank will report full-year sales of $223.35 million for the current year, with estimates ranging from $223.20 million to $223.50 million. For the next year, analysts forecast that the business will post sales of $233.72 million, with estimates ranging from $233.64 million to $233.80 million. Zacks’ sales calculations 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 released its earnings results on Wednesday, April 21st. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.26. Bryn Mawr Bank had a net margin of 12.77% and a return on equity of 5.58%.
Hedge funds have recently bought and sold shares of the stock. Mendon Capital Advisors Corp purchased a new stake in shares of Bryn Mawr Bank in the 4th quarter valued at $1,149,000. Dynamic Technology Lab Private Ltd purchased a new stake in Bryn Mawr Bank during the 4th quarter worth about $309,000. Charles Schwab Investment Management Inc. increased its holdings in Bryn Mawr Bank by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 131,623 shares of the bank’s stock worth $4,028,000 after purchasing an additional 2,051 shares during the period. New York State Common Retirement Fund increased its holdings in Bryn Mawr Bank by 1.3% during the 4th quarter. New York State Common Retirement Fund now owns 93,276 shares of the bank’s stock worth $2,854,000 after purchasing an additional 1,200 shares during the period. Finally, Guyasuta Investment Advisors Inc. purchased a new stake in Bryn Mawr Bank during the 4th quarter worth about $306,000. Hedge funds and other institutional investors own 77.51% of the company’s stock.
NASDAQ BMTC traded up $0.59 during trading hours on Wednesday, hitting $48.17. 112,511 shares of the company’s stock traded hands, compared to its average volume of 122,201. Bryn Mawr Bank has a 52-week low of $23.90 and a 52-week high of $49.44. The company has a market capitalization of $957.57 million, a PE ratio of 29.02 and a beta of 0.92. 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 firm’s 50-day moving average is $45.65 and its 200-day moving average is $37.13.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Tuesday, May 4th will be issued a $0.27 dividend. The ex-dividend date is Monday, May 3rd. This represents a $1.08 annualized dividend and a dividend yield of 2.24%. Bryn Mawr Bank’s dividend payout ratio is presently 34.84%.
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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