Bryn Mawr Bank (NASDAQ:BMTC) Downgraded by BidaskClub to “Strong Sell”

BidaskClub downgraded shares of Bryn Mawr Bank (NASDAQ:BMTC) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

A number of other analysts also recently commented on the company. ValuEngine upgraded Bryn Mawr Bank from a sell rating to a hold rating in a research report on Tuesday, January 7th. Zacks Investment Research downgraded Bryn Mawr Bank from a hold rating to a sell rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold.

BMTC opened at $38.71 on Tuesday. The firm has a market capitalization of $773.78 million, a P/E ratio of 13.21 and a beta of 0.76. The stock’s 50 day moving average price is $39.60 and its two-hundred day moving average price is $37.80. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. Bryn Mawr Bank has a 12-month low of $33.26 and a 12-month high of $41.40.

Bryn Mawr Bank (NASDAQ:BMTC) last announced its quarterly earnings data on Thursday, January 16th. The bank reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. Bryn Mawr Bank had a return on equity of 10.66% and a net margin of 21.49%. The company had revenue of $59.24 million during the quarter, compared to the consensus estimate of $57.97 million. As a group, analysts anticipate that Bryn Mawr Bank will post 3.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, January 31st will be given a $0.26 dividend. The ex-dividend date is Thursday, January 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.69%. Bryn Mawr Bank’s dividend payout ratio is currently 33.55%.

Several institutional investors have recently bought and sold shares of BMTC. AQR Capital Management LLC grew its stake in shares of Bryn Mawr Bank by 93.6% during the fourth quarter. AQR Capital Management LLC now owns 17,985 shares of the bank’s stock worth $742,000 after purchasing an additional 8,694 shares during the period. Bank of America Corp DE grew its stake in shares of Bryn Mawr Bank by 24.0% during the fourth quarter. Bank of America Corp DE now owns 318,400 shares of the bank’s stock worth $13,131,000 after purchasing an additional 61,643 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Bryn Mawr Bank by 16.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 15,679 shares of the bank’s stock worth $647,000 after purchasing an additional 2,222 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Bryn Mawr Bank by 2.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 346,206 shares of the bank’s stock worth $14,278,000 after purchasing an additional 8,331 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Bryn Mawr Bank by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 435,475 shares of the bank’s stock worth $17,958,000 after purchasing an additional 14,307 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.

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.

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