Bryn Mawr Bank Corp. is a NASDAQ listed security that has been trading in a range between $21.75 and $25.34 over the past year. With 8,541,280 shares outstanding, a recent price of $24.85 gives a total market capitalization of $208,791,587. While there are certainly larger companies, Bryn Mawr Bank Corp. has definitely earned its place in the pack. Last year, Bryn Mawr Bank Corp. created $1.56 in earnings for every share outstanding.
Bryn Mawr Bank Corp. is currently priced by the market at 15.90 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Bryn Mawr Bank Corp. could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
Monday, July 30, 2007
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