Analysts Expect Bancorp Inc (TBBK) Will Post Earnings of $0.20 Per Share

Wall Street analysts expect Bancorp Inc (NASDAQ:TBBK) to report earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bancorp’s earnings. Bancorp posted earnings per share of $0.11 in the same quarter last year, which would indicate a positive year over year growth rate of 81.8%. The company is expected to announce its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Bancorp will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $0.96. For the next financial year, analysts expect that the company will post earnings of $1.05 per share, with EPS estimates ranging from $1.04 to $1.05. Zacks’ EPS calculations are an average based on a survey of research firms that follow Bancorp.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $64.38 million for the quarter, compared to analysts’ expectations of $60.19 million. Bancorp had a return on equity of 11.39% and a net margin of 29.39%.

TBBK has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Bancorp from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, April 30th. BidaskClub upgraded Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. ValuEngine upgraded Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, TheStreet cut Bancorp from a “b-” rating to a “c” rating in a research report on Monday, April 8th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Martingale Asset Management L P boosted its position in shares of Bancorp by 15.9% during the third quarter. Martingale Asset Management L P now owns 159,525 shares of the bank’s stock valued at $1,530,000 after buying an additional 21,912 shares during the last quarter. BlackRock Inc. raised its position in shares of Bancorp by 1.4% in the 3rd quarter. BlackRock Inc. now owns 3,612,621 shares of the bank’s stock worth $34,646,000 after acquiring an additional 51,462 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Bancorp by 50.2% in the 3rd quarter. Renaissance Technologies LLC now owns 537,400 shares of the bank’s stock worth $5,154,000 after acquiring an additional 179,700 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, TIAA CREF Investment Management LLC increased its position in Bancorp by 27.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 386,736 shares of the bank’s stock valued at $3,709,000 after buying an additional 83,609 shares in the last quarter. Institutional investors own 79.36% of the company’s stock.

TBBK stock opened at $10.39 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 0.14. The firm has a market cap of $590.68 million, a price-to-earnings ratio of 15.06 and a beta of 1.30. Bancorp has a fifty-two week low of $7.64 and a fifty-two week high of $12.00.

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, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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