Analysts predict Bancorp, Inc. (NASDAQ: TBBK) to report earnings per share of $ 0.45
Analysts expect The Bancorp, Inc. (NASDAQ: TBBK) to report earnings per share (EPS) of $ 0.45 for the current fiscal quarter, according to Zacks investment research. Two analysts have made estimates for Bancorp’s earnings. The highest EPS estimate is $ 0.45 and the lowest is $ 0.44. Bancorp reported earnings of $ 0.41 per share for the same quarter last year, indicating a positive year-over-year growth rate of 9.8%. The company is expected to announce its next quarterly earnings report on Thursday, January 27.
On average, analysts expect Bancorp to report annual earnings of $ 1.86 per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of $ 2.17 per share, with EPS estimates ranging from $ 2.15 to $ 2.19. Zacks’ EPS calculations are an average based on a survey of research analysts who cover Bancorp.
Bancorp (NASDAQ: TBBK) last released its quarterly earnings data on Wednesday, October 27. The bank reported earnings of $ 0.48 per share for the quarter, beating the consensus estimate of $ 0.43 by $ 0.05. Bancorp had a return on equity of 17.65% and a net margin of 33.47%. The company posted revenue of $ 77.48 million for the quarter, compared to $ 79.41 million expected by analysts. In the same quarter of last year, the company made EPS of $ 0.40.
The TBBK has been the subject of a number of recent analyst reports. Zacks investment research upgraded Bancorp from a “hold” rating to a “buy” rating and set a price target of $ 26.00 on the stock in a research note Wednesday. Raymond James raised his price target on Bancorp from $ 30.00 to $ 38.00 and gave the stock a “strong buy” rating in a research note on Monday, November 1.
In other news, insider Erika R. Caesar sold 4,000 shares in a transaction dated Tuesday, November 9. The stock was sold for an average price of $ 32.20, for a total trade of $ 128,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.50% of the shares are held by insiders.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. JCSD Capital LLC purchased a new stake in Bancorp during the third quarter valued at approximately $ 31,000. Captrust Financial Advisors increased its stake in Bancorp shares by 43.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,382 shares of the bank valued at $ 35,000 after purchasing an additional 418 shares in the last quarter. Zurcher Kantonalbank The Cantonal Bank of Zurich increased its position in Bancorp shares by 69.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,948 shares of the bank valued at $ 114,000 after acquiring an additional 2,030 shares during the period. Mutual of America Capital Management LLC acquired a new position in Bancorp shares in the second quarter valued at $ 167,000. Finally, Shell Asset Management Co. acquired a new position in Bancorp shares in the second quarter valued at $ 173,000. Institutional investors hold 90.63% of the shares of the company.
TBBK shares opened at $ 24.82 on Friday. The company’s 50-day average mobile price is $ 28.81, and its 200-day average mobile price is $ 25.74. Bancorp has a 12-month low of $ 12.69 and a 12-month high of $ 33.36. The company has a market cap of $ 1.41 billion, a price-to-earnings ratio of 13.56 and a beta of 1.47. The company has a current ratio of 0.92, a quick ratio of 0.64, and a debt ratio of 0.24.
The Bancorp, Inc. operates as a financial holding company. The company provides private label banking and financial services through the Bank. It operates through the following segments: Specialized Financing, Payments and Corporates. The Finance specialty consists of sales and securitizations of commercial mortgages, loans for the administration of small businesses; direct leasing; and lines of credit and deposits guaranteed by guarantees and insurance generated by the business lines.
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