Bryn Mawr Bank (NASDAQ:BMTC) was upgraded by stock analysts at BidaskClub from a “robust promote” ranking to a “promote” ranking in a analysis report issued to shoppers and buyers on Wednesday, BidAskClub studies.
Different analysis analysts have additionally issued studies in regards to the firm. Hovde Group lowered Bryn Mawr Bank from an “outperform” ranking to a “market carry out” ranking and decreased their price goal for the corporate from $33.00 to $31.00 in a analysis report on Wednesday, July 22nd. ValuEngine lowered Bryn Mawr Bank from a “maintain” ranking to a “promote” ranking in a analysis report on Thursday, October 1st. Zacks Funding Analysis lowered shares of Bryn Mawr Bank from a “strong-buy” ranking to a “maintain” ranking in a analysis word on Wednesday, September 30th. Lastly, Piper Sandler dropped their price goal on shares of Bryn Mawr Bank from $29.00 to $27.00 and set a “impartial” ranking for the corporate in a analysis word on Monday, September 28th. Two equities analysis analysts have rated the stock with a promote ranking, 4 have assigned a maintain ranking and one has assigned a purchase ranking to the corporate. Bryn Mawr Bank presently has a consensus ranking of “Maintain” and a consensus goal price of $29.25.
Shares of NASDAQ BMTC opened at $26.79 on Wednesday. Bryn Mawr Bank has a 12-month low of $22.20 and a 12-month excessive of $41.40. The agency’s 50-day easy shifting common is $26.54 and its 200 day easy shifting common is $26.86. The corporate has a fast ratio of 0.97, a present ratio of 0.97 and a debt-to-equity ratio of 0.27. The corporate has a market cap of $533.87 million, a price-to-earnings ratio of 14.80 and a beta of 0.86.
Bryn Mawr Bank (NASDAQ:BMTC) final introduced its earnings outcomes on Monday, July 20th. The bank reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.32. Bryn Mawr Bank had a internet margin of 13.56% and a return on fairness of 6.14%. The corporate had income of $60.16 million through the quarter, in comparison with the consensus estimate of $56.88 million. On common, equities analysts anticipate that Bryn Mawr Bank will put up 1.37 earnings per share for the present 12 months.
Numerous institutional buyers and hedge funds have not too long ago modified their holdings of the enterprise. Vanguard Group Inc. elevated its stake in shares of Bryn Mawr Bank by 2.2% within the 2nd quarter. Vanguard Group Inc. now owns 1,004,322 shares of the bank’s stock valued at $27,780,00Zero after buying a further 21,275 shares over the last quarter. Macquarie Group Ltd. raised its holdings in Bryn Mawr Bank by 7.5% within the second quarter. Macquarie Group Ltd. now owns 837,680 shares of the bank’s stock worth $23,170,00Zero after buying a further 58,151 shares through the interval. Bank of America Corp DE boosted its place in shares of Bryn Mawr Bank by 18.9% through the second quarter. Bank of America Corp DE now owns 366,804 shares of the bank’s stock worth $10,146,00Zero after buying a further 58,215 shares within the final quarter. Loomis Sayles & Co. L P grew its holdings in shares of Bryn Mawr Bank by 4.9% within the 1st quarter. Loomis Sayles & Co. L P now owns 363,315 shares of the bank’s stock valued at $10,311,00Zero after shopping for a further 17,109 shares through the interval. Lastly, Geode Capital Administration LLC elevated its place in shares of Bryn Mawr Bank by 6.9% within the 1st quarter. Geode Capital Administration LLC now owns 291,188 shares of the bank’s stock valued at $8,263,00Zero after shopping for a further 18,796 shares within the final quarter. Hedge funds and different institutional buyers personal 78.49% of the corporate’s stock.
Bryn Mawr Bank Firm Profile
Bryn Mawr Bank Company operates because the bank holding firm for The Bryn Mawr Belief Firm that gives business and retail banking companies to particular person and enterprise clients. It operates in two segments, Wealth Administration and Banking. The corporate accepts deposit merchandise, together with interest-bearing demand accounts, wholesale time deposits, retail time deposits, financial savings accounts, noninterest-bearing demand accounts, and wholesale non-maturity deposits, in addition to NOW and market fee accounts.
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