Analysts forecast that Bancorp Inc (NASDAQ:TBBK) will post earnings of $0.18 per share for the current quarter, according to Zacks. Two analysts have made estimates for Bancorp’s earnings, with estimates ranging from $0.17 to $0.18. Bancorp posted earnings per share of $0.10 during the same quarter last year, which would indicate a positive year over year growth rate of 80%. The company is expected to report its next quarterly earnings results on Thursday, January 24th.
According to Zacks, analysts expect that Bancorp will report full year earnings of $0.78 per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.86 to $1.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Bancorp.
Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.90. Bancorp had a return on equity of 11.34% and a net margin of 23.24%. The firm had revenue of $121.60 million during the quarter, compared to analysts’ expectations of $120.75 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in Bancorp during the 3rd quarter valued at approximately $231,000. TIAA CREF Investment Management LLC raised its position in shares of Bancorp by 27.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 386,736 shares of the bank’s stock worth $3,709,000 after acquiring an additional 83,609 shares in the last quarter. IndexIQ Advisors LLC raised its position in shares of Bancorp by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 210,486 shares of the bank’s stock worth $2,019,000 after acquiring an additional 7,952 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Bancorp by 50.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 38,830 shares of the bank’s stock worth $372,000 after acquiring an additional 13,083 shares in the last quarter. Finally, Putnam Investments LLC raised its position in shares of Bancorp by 5.2% in the 3rd quarter. Putnam Investments LLC now owns 156,687 shares of the bank’s stock worth $1,503,000 after acquiring an additional 7,687 shares in the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.
NASDAQ TBBK opened at $8.48 on Monday. Bancorp has a 1-year low of $7.64 and a 1-year high of $12.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.67 and a quick ratio of 0.59. The stock has a market capitalization of $492.21 million, a PE ratio of 16.63 and a beta of 1.10.
Bancorp Company Profile
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 accounts, savings accounts, money market accounts, commercial accounts, and retirement accounts.
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