Bancorp (TBBK) Set to Announce Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Bancorp had a net margin of 30.94% and a return on equity of 26.16%. The firm had revenue of $119.15 million for the quarter, compared to analysts’ expectations of $118.52 million. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Price Performance

Shares of Bancorp stock opened at $34.50 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $36.83 and its two-hundred day moving average price is $38.03. Bancorp has a 52 week low of $25.97 and a 52 week high of $47.11. The stock has a market cap of $1.80 billion, a PE ratio of 9.86 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. Raymond James lifted their price target on Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a research note on Friday.

Insider Buying and Selling at Bancorp

In other Bancorp news, Director Daniela Mielke bought 3,315 shares of the stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $45.13 per share, with a total value of $149,605.95. Following the purchase, the director now directly owns 26,715 shares in the company, valued at approximately $1,205,647.95. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Bancorp news, Director Matthew Cohn bought 2,485 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average price of $34.21 per share, with a total value of $85,011.85. Following the purchase, the director now directly owns 157,627 shares in the company, valued at approximately $5,392,419.67. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniela Mielke bought 3,315 shares of the stock in a transaction on Wednesday, January 31st. The shares were acquired at an average cost of $45.13 per share, for a total transaction of $149,605.95. Following the purchase, the director now owns 26,715 shares in the company, valued at $1,205,647.95. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,800 shares of company stock valued at $308,838 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.