S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
Log in

Bryn Mawr Bank (BMTC) to Release Earnings on Thursday

Thursday, January 14, 2021 | MarketBeat

Bryn Mawr Bank (NASDAQ:BMTC) will be posting its quarterly earnings results after the market closes on Thursday, January 21st. Analysts expect Bryn Mawr Bank to post earnings of $0.62 per share for the quarter.

Bryn Mawr Bank (NASDAQ:BMTC) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $56.13 million during the quarter, compared to the consensus estimate of $54.70 million. Bryn Mawr Bank had a return on equity of 5.58% and a net margin of 12.77%. On average, analysts expect Bryn Mawr Bank to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of BMTC opened at $33.39 on Thursday. The company has a market cap of $666.40 million, a PE ratio of 20.11 and a beta of 0.92. The business has a fifty day moving average of $31.23 and a 200 day moving average of $28.17. Bryn Mawr Bank has a 52-week low of $22.20 and a 52-week high of $41.00. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.27.

In related news, CFO Michael W. Harrington bought 3,000 shares of the business's stock in a transaction on Wednesday, November 18th. The shares were bought at an average price of $30.43 per share, for a total transaction of $91,290.00. Following the completion of the purchase, the chief financial officer now directly owns 18,237 shares of the company's stock, valued at $554,951.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael Laplante bought 1,500 shares of the business's stock in a transaction on Thursday, November 19th. The stock was bought at an average price of $30.20 per share, for a total transaction of $45,300.00. Following the purchase, the chief accounting officer now directly owns 1,500 shares of the company's stock, valued at $45,300. The disclosure for this purchase can be found here. 1.39% of the stock is owned by insiders.

A number of analysts recently issued reports on the company. ValuEngine upgraded Bryn Mawr Bank from a "sell" rating to a "hold" rating in a research report on Monday, November 2nd. Piper Sandler lifted their target price on Bryn Mawr Bank from $27.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 27th. TheStreet upgraded Bryn Mawr Bank from a "c+" rating to a "b" rating in a research report on Tuesday, November 24th. Boenning Scattergood upgraded Bryn Mawr Bank from a "neutral" rating to an "outperform" rating and set a $38.00 target price for the company in a research report on Wednesday, December 16th. Finally, Zacks Investment Research downgraded Bryn Mawr Bank from a "buy" rating to a "hold" rating in a research report on Monday, January 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $32.40.

About Bryn Mawr Bank

Bryn Mawr Bank Corporation operates as a 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 deposits, money market accounts, and wholesale non-maturity deposits.

Featured Story: What is the Coverage Ratio?

Earnings History for Bryn Mawr Bank (NASDAQ:BMTC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Infrastructure Stocks That May Help Rebuild America

Despite their disagreements (real or imagined) on almost everything, Democrats and Republicans alike love infrastructure projects. These are easy wins for Congressional leaders seeking re-election. And they typically spur job creation, which contributes to economic growth.

With that in mind, it’s ironic that, in the last four years, the United States Congress did not pass an infrastructure bill.

Nevertheless, even with (and maybe because of) the gridlock that looks to be in the country’s future, the infrastructure looks to be on the front burner again. The economic recovery is still far from complete. Unfortunately, neither are America’s roads, energy grid, telecommunications systems, and the like. That means that it would seem like a good policy for a Biden administration to look at an infrastructure bill.

Biden will be under pressure to endorse the $1.5 trillion infrastructure package that the Democrat-controlled House of Representatives passed in July. But the package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate.

However, it appears that the economy will need some significant juice after whatever this winter brings in terms of the virus. And if calmer heads prevail (we can always hope), there may be a major infrastructure bill to stimulate job creation. And we’ve identified seven stocks that should bear watching if this comes to pass.

View the "7 Infrastructure Stocks That May Help Rebuild America".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.