Wall Street brokerages predict that Bancorp Inc (NASDAQ:TBBK) will post $52.99 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bancorp’s earnings. The highest sales estimate is $53.58 million and the lowest is $52.40 million. Bancorp reported sales of $46.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The firm is expected to issue its next earnings results on Thursday, July 25th.
On average, analysts expect that Bancorp will report full year sales of $231.52 million for the current financial year, with estimates ranging from $229.60 million to $233.44 million. For the next financial year, analysts expect that the company will post sales of $244.10 million, with estimates ranging from $240.00 million to $248.19 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Bancorp.
Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, April 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Bancorp had a return on equity of 10.97% and a net margin of 29.70%. The business had revenue of $64.38 million during the quarter, compared to analyst estimates of $60.19 million.
Hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Bancorp by 71.5% in the fourth quarter. Millennium Management LLC now owns 446,184 shares of the bank’s stock valued at $3,552,000 after buying an additional 186,015 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Bancorp by 26.4% in the fourth quarter. Acadian Asset Management LLC now owns 183,504 shares of the bank’s stock valued at $1,461,000 after buying an additional 38,343 shares in the last quarter. Globeflex Capital L P grew its stake in Bancorp by 78.8% during the 4th quarter. Globeflex Capital L P now owns 16,986 shares of the bank’s stock valued at $135,000 after purchasing an additional 7,486 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bancorp during the 4th quarter valued at approximately $130,000. Finally, Bank of New York Mellon Corp grew its stake in Bancorp by 39.4% during the 4th quarter. Bank of New York Mellon Corp now owns 382,241 shares of the bank’s stock valued at $3,043,000 after purchasing an additional 107,988 shares in the last quarter. Institutional investors and hedge funds own 79.49% of the company’s stock.
Shares of TBBK stock traded down $0.10 during trading hours on Tuesday, reaching $8.92. The company had a trading volume of 164,700 shares, compared to its average volume of 157,285. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 0.13. Bancorp has a twelve month low of $7.64 and a twelve month high of $11.02. The stock has a market capitalization of $503.70 million, a P/E ratio of 12.93 and a beta of 1.32. The company’s fifty day simple moving average is $9.18.
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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