BidaskClub upgraded shares of Bryn Mawr Bank (NASDAQ:BMTC) from a strong sell rating to a sell rating in a research report released on Thursday, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the company. Boenning Scattergood reiterated a neutral rating on shares of Bryn Mawr Bank in a research note on Thursday, June 20th. Zacks Investment Research upgraded Bryn Mawr Bank from a sell rating to a hold rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $45.00.

NASDAQ BMTC traded up $0.32 on Thursday, reaching $37.67. The stock had a trading volume of 4,112 shares, compared to its average volume of 47,849. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. Bryn Mawr Bank has a 12-month low of $32.84 and a 12-month high of $48.60. The business’s 50-day moving average price is $35.12 and its 200 day moving average price is $36.96. The stock has a market cap of $725.05 million, a P/E ratio of 10.89 and a beta of 0.74.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). Bryn Mawr Bank had a net margin of 22.71% and a return on equity of 11.27%. The firm had revenue of $56.83 million during the quarter, compared to analysts’ expectations of $58.54 million. On average, sell-side analysts predict that Bryn Mawr Bank will post 3.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 1st were issued a $0.26 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change from Bryn Mawr Bank’s previous quarterly dividend of $0.25. Bryn Mawr Bank’s payout ratio is presently 30.06%.

In other news, Director Andrea F. Gilbert sold 4,475 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $35.63, for a total value of $159,444.25. Following the transaction, the director now owns 31,607 shares of the company’s stock, valued at $1,126,157.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrea F. Gilbert sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $35.44, for a total value of $77,968.00. Following the completion of the transaction, the director now directly owns 31,607 shares in the company, valued at approximately $1,120,152.08. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

A number of hedge funds have recently made changes to their positions in BMTC. Bank of America Corp DE grew its holdings in Bryn Mawr Bank by 253.3% during the second quarter. Bank of America Corp DE now owns 246,881 shares of the bank’s stock worth $9,213,000 after acquiring an additional 177,000 shares during the period. Earnest Partners LLC acquired a new position in Bryn Mawr Bank during the second quarter worth $3,860,000. Nuveen Asset Management LLC grew its holdings in Bryn Mawr Bank by 1,243.8% during the second quarter. Nuveen Asset Management LLC now owns 101,901 shares of the bank’s stock worth $3,803,000 after acquiring an additional 94,318 shares during the period. Wells Fargo & Company MN grew its holdings in Bryn Mawr Bank by 68.2% during the second quarter. Wells Fargo & Company MN now owns 154,060 shares of the bank’s stock worth $5,749,000 after acquiring an additional 62,479 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Bryn Mawr Bank during the first quarter worth $1,134,000. 76.75% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.

Recommended Story: What is dollar cost averaging (DCA)?

Receive News & Ratings for Bryn Mawr Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bryn Mawr Bank and related companies with MarketBeat.com's FREE daily email newsletter.