Bryn Mawr Bank Corporation (NASDAQ:BMTC) is expected to report third quarter earnings results, after market close, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.61 per share.
Looking ahead, the full year income are expected at $ 1.36 per share on the revenues of $ 145.47 million.
Previous Quarter Performance
Bryn Mawr Bank Corporation reported income for the second quarter of $ 0.77 per share, from the revenue of $ 37.38 million. The quarterly earnings dropped 1.28 percent while revenues extended 2.10 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.51 per share from $ 38.28 million in revenue. The bottom line results beat street analysts by $ 0.26 or 50.98 percent, at the same time, top line results fell short of analysts by $ 0.9 million or 2.35 percent.
Stock Performance
Shares of Bryn Mawr Bank Corporation traded low $ -0.17 or -0.63 percent on Wednesday, reaching $ 27.00 with volume of 41.60 thousand shares. Bryn Mawr Bank Corporation has traded high as $ 27.34 and has cracked $ 26.93 on the downward trend
The closing price of $ 27.00, representing a 22.39 % increase from the 52 week low of $ 22.20 and a 34.39 % decrease over the 52 week high of $ 41.41.
The company has a market capital of $ 538.07 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 27.00 target price.
Recent Stock Dividend Announcement
On July 20, 2020, the board of directors authorized quarterly dividend of $ 0.27 per share to holders of record as of the close of business on August 3, 2020, with payment date of September 1, 2020 and ex-dividend date on July 31, 2020.
Conference Call
Bryn Mawr Bank Corporation will be hosting a conference call at 8:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bmt.com
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. 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 demand accounts, and wholesale non-maturity deposits, as well as NOW and market rate accounts.
