Bancorp Inc (TBBK) Expected to Post Earnings of $0.20 Per Share
Equities analysts expect that Bancorp Inc (NASDAQ:TBBK) will announce $0.20 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Bancorp’s earnings. Bancorp posted earnings of $0.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 81.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Bancorp will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.95 to $0.96. For the next year, analysts expect that the company will report earnings of $1.05 per share, with EPS estimates ranging from $1.04 to $1.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Bancorp.
Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, April 25th. The bank reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $64.38 million for the quarter, compared to analysts’ expectations of $60.19 million. Bancorp had a net margin of 29.70% and a return on equity of 10.97%.
A number of large investors have recently bought and sold shares of the stock. Comerica Bank grew its position in Bancorp by 8.2% in the 1st quarter. Comerica Bank now owns 14,455 shares of the bank’s stock valued at $124,000 after buying an additional 1,100 shares during the last quarter. QS Investors LLC grew its position in Bancorp by 1.1% in the 4th quarter. QS Investors LLC now owns 120,816 shares of the bank’s stock valued at $962,000 after buying an additional 1,300 shares during the last quarter. Virginia Retirement Systems ET AL grew its position in Bancorp by 3.3% in the 1st quarter. Virginia Retirement Systems ET AL now owns 44,400 shares of the bank’s stock valued at $359,000 after buying an additional 1,400 shares during the last quarter. Globeflex Capital L P grew its position in Bancorp by 10.1% in the 1st quarter. Globeflex Capital L P now owns 18,695 shares of the bank’s stock valued at $151,000 after buying an additional 1,709 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its position in Bancorp by 31.3% in the 1st quarter. BerganKDV Wealth Management LLC now owns 9,607 shares of the bank’s stock valued at $78,000 after buying an additional 2,292 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.
Shares of Bancorp stock opened at $8.90 on Friday. The firm has a market capitalization of $502.57 million, a PE ratio of 12.90 and a beta of 1.34. Bancorp has a 12 month low of $7.64 and a 12 month high of $11.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.70.
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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