Analysts Set $33.00 Price Target for Bryn Mawr Bank Corp. (NASDAQ:BMTC)

Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) have earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Brokerages have set a 12 month consensus price target of $33.00 for the company and are expecting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also assigned Bryn Mawr Bank Corp. an industry rank of 48 out of 265 based on the ratings given to its competitors.

In other news, CAO Marie D. Connolly sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 11th. The stock was sold at an average price of $28.01, for a total transaction of $56,020.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,492 shares of the company’s stock, valued at $97,810.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea F. Gilbert sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 2nd. The shares were sold at an average price of $29.81, for a total value of $74,525.00. Following the transaction, the director now directly owns 19,015 shares of the company’s stock, valued at $566,837.15. The disclosure for this sale can be found here.

Shares of Bryn Mawr Bank Corp. (NASDAQ:BMTC) opened at 28.72 on Monday. The firm has a market cap of $493.06 million and a P/E ratio of 16.08. Bryn Mawr Bank Corp. has a 12-month low of $27.85 and a 12-month high of $31.77. The company’s 50 day moving average price is $29.16 and its 200-day moving average price is $29.83.

Bryn Mawr Bank Corp. (NASDAQ:BMTC) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.06. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that Bryn Mawr Bank Corp. will post $1.77 EPS for the current year.

Separately, Zacks Investment Research upgraded Bryn Mawr Bank Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 8th.

12 Month Chart for NASDAQ:BMTC

Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (NASDAQ:BMTC). The Company offers 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. The Company operates through two segments: Wealth Management and Banking. The Company’s Wealth Management segment offers various services, including trust administration, other related fiduciary services, custody, investment management and advisory services, employee benefits and IRA administration, estate settlement, tax services and brokerage. The Company’s Banking segment consists of commercial and retail banking. The Company operates around 19 full-service branches, seven life care community offices, five wealth offices and a full-service insurance agency.

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