This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Small Bank Stocks for Growth

7. Bryn Mawr Bank Corp.

Shares of Bryn Mawr Bank Corp. (BMTC) of Bryn Mawr, Pa., closed at $19.99 Friday, returning 9% over the previous year. With a quarterly payout of 15 cents, the shares have a dividend yield of 3.00%.

Based on a consensus price target of $24.25, the shares have 21% upside potential.

The company had $1.7 billion in total assets as of December 31, with the balance sheet expanding 40% during 2010, mainly from the acquisition of First Keystone Financial in July.

Bryn Mawr Bank Corp. raised $26.3 million in common equity last May.

The company announced in February an agreement to purchase the private wealth management unit of Hershey Trust Company for $18.3 million, including $8.2 million in cash, $6.5 million in common shares, and pay the remaining $3.6 million in cash installments over an 18-month period following completion of the deal. The acquisition is expected to be completed during the second quarter.

2010 net income was $9.2 million, or 85 cents a share. The consensus estimates are for earnings of $1.48 a share in 2011 and $1.79 in 2012.

In February, Stifel Nicolaus snalyst Collyn Gilbert upgraded Bryn Mawr Bank Corp. to a "buy" with a price target of $26, saying the company had "grown to a level of becoming well positioned to take share in a fragmented market" in the Philadelphia area, and that its balance sheet had "reliance on longer-term fixed rated assets, placing it in a more favorable position in the event interest rates should rise."

All three analysts covering Bryn Mawr Bank Corp. rate the shares a buy.

5 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FUBC $8.85 0.34%
BNCL $11.28 0.00%
ABCB $25.66 0.00%
C $53.07 0.00%
BAC $15.56 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs