Keefe, Bruyette & Woods Reaffirms “Buy” Rating for Bryn Mawr Bank (BMTC)
Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Bryn Mawr Bank (NASDAQ:BMTC) in a research report report published on Thursday. Keefe, Bruyette & Woods currently has a $56.00 price objective on the bank’s stock.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Bryn Mawr Bank from a hold rating to a buy rating and set a $50.00 price objective for the company in a research report on Thursday, February 1st. BidaskClub lowered Bryn Mawr Bank from a hold rating to a sell rating in a research report on Thursday, January 4th. Finally, Boenning Scattergood reissued a buy rating and issued a $50.00 price objective on shares of Bryn Mawr Bank in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $51.67.
Shares of NASDAQ:BMTC opened at $46.25 on Thursday. The firm has a market cap of $937.30, a P/E ratio of 19.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. Bryn Mawr Bank has a 12-month low of $38.75 and a 12-month high of $47.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, April 30th. Bryn Mawr Bank’s dividend payout ratio (DPR) is presently 36.36%.
In other news, Director Diego F. Calderin bought 1,000 shares of Bryn Mawr Bank stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $45.99 per share, for a total transaction of $45,990.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $45,990. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wendell F. Holland sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.03, for a total value of $157,605.00. Following the completion of the sale, the director now owns 17,654 shares of the company’s stock, valued at $794,959.62. The disclosure for this sale can be found here. Company insiders own 1.95% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Bryn Mawr Bank in the 4th quarter valued at about $360,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Bryn Mawr Bank in the 4th quarter valued at about $105,000. California State Teachers Retirement System grew its stake in shares of Bryn Mawr Bank by 10.5% in the 4th quarter. California State Teachers Retirement System now owns 29,510 shares of the bank’s stock valued at $1,304,000 after buying an additional 2,813 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of Bryn Mawr Bank in the 4th quarter valued at about $297,000. Finally, Deutsche Bank AG grew its stake in shares of Bryn Mawr Bank by 117.9% in the 4th quarter. Deutsche Bank AG now owns 48,218 shares of the bank’s stock valued at $2,129,000 after buying an additional 26,086 shares during the period. Institutional investors own 72.04% of the company’s stock.
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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. The company accepts deposit products, including non-interest-bearing demand deposit, savings, NOW, and market rate accounts.
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