Bryn Mawr Bank Corp Receives a Buy from KBW

By Jason Carr

In a report released yesterday, Michael Perito from KBW reiterated a Buy rating on Bryn Mawr Bank Corp (NASDAQ: BMTC), with a price target of $44. The company’s shares closed yesterday at $39.80.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 22.5% and a 73.7% success rate. Perito covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Orrstown Financial Services Inc.

Bryn Mawr Bank Corp has an analyst consensus of Moderate Buy, with a price target consensus of $44.

Based on Bryn Mawr Bank Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $43.04 million and quarterly net profit of $9.41 million. In comparison, last year the company earned revenue of $41.48 million and had a net profit of $8.27 million.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2017, Wendell Holland, a Director at BMTC sold 3,500 shares for a total of $143,570.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bryn Mawr Bank Corp. engages in the provision of a full 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. It operates through Wealth Management, and Banking segments. The Wealth Management segment provides trust administration and other related fiduciary services, custody services, investment management and advisory services, employee benefit account and individual retirement account administration, estate settlement, tax services, financial planning, and brokerage services. The Banking segment is comprised of commercial and retail banking. The company was founded in 1986 and is headquartered in Bryn Mawr, PA.