Wall Street brokerages expect Bryn Mawr Bank Corporation (NASDAQ:BMTC) to report sales of $42.83 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Bryn Mawr Bank Corporation’s earnings, with the lowest sales estimate coming in at $42.38 million and the highest estimate coming in at $43.27 million. Bryn Mawr Bank Corporation posted sales of $40.45 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The firm is expected to issue its next earnings results on Thursday, July 20th.

According to Zacks, analysts expect that Bryn Mawr Bank Corporation will report full-year sales of $42.83 million for the current fiscal year, with estimates ranging from $184.22 million to $184.54 million. For the next year, analysts forecast that the business will post sales of $222.30 million per share, with estimates ranging from $222.04 million to $222.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Bryn Mawr Bank Corporation.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) last posted its quarterly earnings results on Thursday, April 20th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $40.63 million during the quarter, compared to analyst estimates of $41.95 million. Bryn Mawr Bank Corporation had a return on equity of 9.76% and a net margin of 21.23%.

Several brokerages recently issued reports on BMTC. Keefe, Bruyette & Woods restated a “buy” rating and set a $44.00 price objective on shares of Bryn Mawr Bank Corporation in a research report on Thursday, April 20th. ValuEngine raised shares of Bryn Mawr Bank Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Bryn Mawr Bank Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st.

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A number of hedge funds have recently added to or reduced their stakes in BMTC. First Trust Advisors LP boosted its stake in Bryn Mawr Bank Corporation by 49.1% in the first quarter. First Trust Advisors LP now owns 70,827 shares of the bank’s stock valued at $2,798,000 after buying an additional 23,324 shares during the last quarter. LSV Asset Management boosted its stake in Bryn Mawr Bank Corporation by 31.1% in the first quarter. LSV Asset Management now owns 133,144 shares of the bank’s stock valued at $5,259,000 after buying an additional 31,623 shares during the last quarter. Bank of Montreal Can boosted its stake in Bryn Mawr Bank Corporation by 60.0% in the first quarter. Bank of Montreal Can now owns 8,676 shares of the bank’s stock valued at $342,000 after buying an additional 3,254 shares during the last quarter. Univest Corp of Pennsylvania boosted its stake in Bryn Mawr Bank Corporation by 100.0% in the first quarter. Univest Corp of Pennsylvania now owns 20,240 shares of the bank’s stock valued at $799,000 after buying an additional 10,120 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Bryn Mawr Bank Corporation by 4.5% in the fourth quarter. Macquarie Group Ltd. now owns 281,622 shares of the bank’s stock valued at $11,870,000 after buying an additional 12,111 shares during the last quarter. 75.64% of the stock is owned by hedge funds and other institutional investors.

Bryn Mawr Bank Corporation (NASDAQ:BMTC) traded down 0.58% during midday trading on Thursday, hitting $42.50. The stock had a trading volume of 57,266 shares. Bryn Mawr Bank Corporation has a 12-month low of $28.62 and a 12-month high of $43.85. The firm has a market cap of $721.95 million, a P/E ratio of 19.69 and a beta of 0.62. The stock has a 50-day moving average price of $41.53 and a 200 day moving average price of $40.91.

Bryn Mawr Bank Corporation Company Profile

Bryn Mawr Bank Corporation is the bank holding company of the Bryn Mawr Trust Company (the Bank). The Company and its subsidiaries offer a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware.

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Earnings History and Estimates for Bryn Mawr Bank Corporation (NASDAQ:BMTC)

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