Bancorp (TBBK) Projected to Post Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) will likely be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Bancorp to post earnings of $1.15 per share and revenue of $97,900.00 billion for the quarter. Bancorp has set its FY 2024 guidance at 4.350-4.350 EPS and its FY 2025 guidance at 5.250-5.250 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The firm had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. During the same period in the prior year, the company earned $0.92 earnings per share. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Stock Down 0.1 %

Shares of Bancorp stock opened at $55.84 on Wednesday. The firm has a market cap of $2.68 billion, a PE ratio of 14.10 and a beta of 1.49. The business’s 50 day simple moving average is $55.04 and its 200 day simple moving average is $52.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.88. Bancorp has a 52-week low of $29.92 and a 52-week high of $61.17.

Insiders Place Their Bets

In other Bancorp news, Director Matthew Cohn purchased 545 shares of the stock in a transaction on Tuesday, October 29th. The shares were purchased at an average price of $50.11 per share, with a total value of $27,309.95. Following the completion of the transaction, the director now directly owns 56,636 shares in the company, valued at $2,838,029.96. This represents a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas G. Pareigat sold 5,466 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the sale, the executive vice president now directly owns 73,114 shares of the company’s stock, valued at approximately $3,584,779.42. The trade was a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,983 shares of company stock valued at $1,345,366 in the last 90 days. 5.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TBBK has been the topic of a number of research reports. StockNews.com lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, January 12th. Piper Sandler boosted their price target on shares of Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd.

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.