Wall Street brokerages predict that Bancorp Inc (NASDAQ:TBBK) will post earnings per share of $0.18 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bancorp’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.17. Bancorp reported earnings of $0.10 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 80%. The firm is scheduled to report its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that Bancorp will report full year earnings of $0.78 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.86 to $1.00. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Bancorp.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.90. The firm had revenue of $121.60 million during the quarter, compared to analyst estimates of $120.75 million. Bancorp had a net margin of 23.24% and a return on equity of 11.34%.

A number of research firms have weighed in on TBBK. BidaskClub lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. TheStreet raised shares of Bancorp from a “c” rating to a “b” rating in a research report on Monday, November 26th. ValuEngine lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, Zacks Investment Research raised shares of Bancorp from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.67.

Bancorp stock traded down $0.65 on Wednesday, reaching $9.23. 204,421 shares of the stock were exchanged, compared to its average volume of 116,239. The firm has a market cap of $561.64 million, a price-to-earnings ratio of 18.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.67 and a quick ratio of 0.59. Bancorp has a twelve month low of $8.64 and a twelve month high of $12.00.

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bancorp during the 2nd quarter worth about $124,000. Bank of Montreal Can increased its holdings in shares of Bancorp by 427.8% during the 2nd quarter. Bank of Montreal Can now owns 14,784 shares of the bank’s stock worth $154,000 after purchasing an additional 11,983 shares during the period. Zeke Capital Advisors LLC bought a new position in shares of Bancorp during the 3rd quarter worth about $143,000. Raymond James & Associates bought a new position in shares of Bancorp during the 2nd quarter worth about $168,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Bancorp by 358.3% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 16,734 shares of the bank’s stock worth $175,000 after purchasing an additional 13,083 shares during the period. Institutional investors own 80.11% of the company’s stock.

About Bancorp

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and retirement accounts.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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