The Bancorp (NASDAQ:TBBK) Issues FY 2021 Earnings Guidance

The Bancorp (NASDAQ:TBBK) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of 1.700-1.700 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.720. The company issued revenue guidance of -.

Separately, Zacks Investment Research cut The Bancorp from a buy rating to a hold rating in a research report on Thursday, May 6th.

The Bancorp stock traded up $1.10 during trading hours on Friday, reaching $24.52. 857,507 shares of the stock were exchanged, compared to its average volume of 726,316. The Bancorp has a 52-week low of $5.51 and a 52-week high of $25.50. The stock has a market cap of $1.40 billion, a P/E ratio of 24.52 and a beta of 1.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.51 and a current ratio of 0.85. The firm’s 50 day moving average is $22.18 and its 200 day moving average is $17.55.

The Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Wednesday, April 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $77.83 million for the quarter, compared to analyst estimates of $77.44 million. The Bancorp had a net margin of 20.54% and a return on equity of 12.91%. Equities research analysts expect that The Bancorp will post 1.34 EPS for the current fiscal year.

In other news, EVP John Leto sold 44,820 shares of the stock in a transaction dated Tuesday, May 11th. The shares were sold at an average price of $24.60, for a total value of $1,102,572.00. Following the completion of the transaction, the executive vice president now owns 183,924 shares in the company, valued at approximately $4,524,530.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Mcentee III sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 23rd. The shares were sold at an average price of $20.50, for a total transaction of $1,025,000.00. Over the last three months, insiders have sold 134,820 shares of company stock valued at $2,994,772. Company insiders own 10.90% of the company’s stock.

About The 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, and commercial accounts. It also provides securities-backed lines of credit, insurance policy cash value-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: Preferred Stock

Earnings History and Estimates for The Bancorp (NASDAQ:TBBK)

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