Bancorp (TBBK) Scheduled to Post Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 26th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Bancorp had a return on equity of 7.43% and a net margin of 10.15%. The business had revenue of $46.84 million for the quarter, compared to analyst estimates of $46.29 million. On average, analysts expect Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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TBBK traded up $0.02 during trading on Tuesday, reaching $11.10. 11,925 shares of the company’s stock were exchanged, compared to its average volume of 319,237. Bancorp has a fifty-two week low of $4.97 and a fifty-two week high of $11.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.66 and a quick ratio of 0.54. The company has a market capitalization of $630.64, a P/E ratio of 25.50 and a beta of 1.09.

TBBK has been the topic of a number of recent research reports. BidaskClub upgraded shares of Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Sandler O’Neill reiterated a “hold” rating and set a $11.00 price target on shares of Bancorp in a research note on Friday, January 12th. Zacks Investment Research downgraded shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Piper Jaffray restated a “hold” rating on shares of Bancorp in a research note on Tuesday, February 13th. Finally, Raymond James upgraded shares of Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $11.00 to $13.00 in a research note on Friday, January 26th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.40.

In related news, Director Hersh Kozlov sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $10.59, for a total transaction of $52,950.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.10% of the stock is owned by corporate insiders.

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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 prepaid and debit cards.

Earnings History for Bancorp (NASDAQ:TBBK)

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