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%.

Several brokerages have recently issued reports on TBBK. BidaskClub raised Bancorp from a “strong sell” rating to a “sell” rating in a report on Monday, February 25th. Zacks Investment Research upgraded Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a report on Saturday, January 19th. TheStreet lowered Bancorp from a “b-” rating to a “c” rating in a report on Monday, April 8th. Finally, ValuEngine lowered Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, December 20th.

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.

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, 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.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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