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 equities analysts recently weighed in on TBBK shares. TheStreet lowered shares of Bancorp from a “b-” rating to a “c” rating in a research report on Monday, April 8th. BidaskClub upgraded shares of Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, February 25th. ValuEngine lowered shares of Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research upgraded shares of Bancorp from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, April 30th.

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.

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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