Bryn Mawr Bank (NASDAQ:BMTC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “The Bryn Mawr Bank Corporation is a bank holding company. “

Several other research analysts have also commented on the company. Boenning Scattergood reaffirmed a “neutral” rating on shares of Bryn Mawr Bank in a research report on Thursday, June 20th. FIG Partners reaffirmed an “outperform” rating on shares of Bryn Mawr Bank in a research report on Tuesday, April 23rd. Finally, BidaskClub lowered Bryn Mawr Bank from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.

BMTC traded down $0.67 during trading on Tuesday, hitting $34.88. 38,755 shares of the stock were exchanged, compared to its average volume of 52,006. The firm has a market capitalization of $716.19 million, a P/E ratio of 10.08 and a beta of 0.71. Bryn Mawr Bank has a 1-year low of $32.84 and a 1-year high of $50.05. The stock has a fifty day moving average price of $36.40 and a two-hundred day moving average price of $37.47. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

Bryn Mawr Bank (NASDAQ:BMTC) last released its quarterly earnings results on Thursday, July 18th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $56.83 million for the quarter, compared to analyst estimates of $58.54 million. Bryn Mawr Bank had a return on equity of 11.27% and a net margin of 22.71%. Analysts predict that Bryn Mawr Bank will post 3.04 EPS for the current year.

In other news, Director Andrea F. Gilbert sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $35.44, for a total value of $77,968.00. Following the transaction, the director now owns 31,607 shares of the company’s stock, valued at $1,120,152.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Wendell F. Holland sold 4,475 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $37.33, for a total value of $167,051.75. Following the completion of the transaction, the director now directly owns 19,116 shares in the company, valued at approximately $713,600.28. The disclosure for this sale can be found here. In the last three months, insiders sold 11,150 shares of company stock worth $404,464. Corporate insiders own 1.39% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in shares of Bryn Mawr Bank by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 21,306 shares of the bank’s stock valued at $795,000 after buying an additional 286 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its stake in shares of Bryn Mawr Bank by 4.5% in the second quarter. Guyasuta Investment Advisors Inc. now owns 10,450 shares of the bank’s stock valued at $390,000 after buying an additional 450 shares in the last quarter. Coastal Investment Advisors Inc. boosted its stake in shares of Bryn Mawr Bank by 12.9% in the second quarter. Coastal Investment Advisors Inc. now owns 4,375 shares of the bank’s stock valued at $164,000 after buying an additional 500 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Bryn Mawr Bank by 17.1% in the fourth quarter. Legal & General Group Plc now owns 3,671 shares of the bank’s stock valued at $126,000 after buying an additional 535 shares in the last quarter. Finally, Summit Global Investments boosted its stake in shares of Bryn Mawr Bank by 3.2% in the second quarter. Summit Global Investments now owns 19,200 shares of the bank’s stock valued at $717,000 after buying an additional 600 shares in the last quarter. 76.08% of the stock is currently owned by institutional investors and hedge funds.

Bryn Mawr Bank Company Profile

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. 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 demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.

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