$0.18 EPS Expected for Bancorp Inc (TBBK) This Quarter
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%.
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.
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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