$0.27 EPS Expected for Bancorp Inc (TBBK) This Quarter
Equities research analysts expect Bancorp Inc (NASDAQ:TBBK) to report earnings of $0.27 per share for the current quarter, according to Zacks. Two analysts have made estimates for Bancorp’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.27. Bancorp posted earnings per share of $0.25 during the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, April 25th.
On average, analysts expect that Bancorp will report full-year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.85 to $0.90. For the next financial year, analysts expect that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.98 to $1.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Bancorp.
Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07). The firm had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $50.19 million. Bancorp had a return on equity of 10.83% and a net margin of 29.39%.
Shares of TBBK traded down $0.19 during mid-day trading on Monday, hitting $8.50. 76,700 shares of the stock were exchanged, compared to its average volume of 140,096. The stock has a market capitalization of $490.72 million, a price-to-earnings ratio of 12.32 and a beta of 1.19. Bancorp has a 52-week low of $7.64 and a 52-week high of $12.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.52.
A number of large investors have recently added to or reduced their stakes in the stock. Martingale Asset Management L P grew its position in Bancorp by 15.9% in the 3rd quarter. Martingale Asset Management L P now owns 159,525 shares of the bank’s stock valued at $1,530,000 after acquiring an additional 21,912 shares during the last quarter. BlackRock Inc. grew its position in Bancorp by 1.4% in the 3rd quarter. BlackRock Inc. now owns 3,612,621 shares of the bank’s stock valued at $34,646,000 after acquiring an additional 51,462 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Bancorp by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,599,652 shares of the bank’s stock valued at $34,521,000 after acquiring an additional 151,079 shares during the last quarter. Citadel Advisors LLC grew its position in Bancorp by 19.0% in the 3rd quarter. Citadel Advisors LLC now owns 155,866 shares of the bank’s stock valued at $1,495,000 after acquiring an additional 24,936 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Bancorp by 50.2% in the 3rd quarter. Renaissance Technologies LLC now owns 537,400 shares of the bank’s stock valued at $5,154,000 after acquiring an additional 179,700 shares during the last quarter. Institutional investors own 79.36% 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, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.
See Also: Understanding Options Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.