$0.18 Earnings Per Share Expected for Bancorp Inc (TBBK) This Quarter

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Analysts expect Bancorp Inc (NASDAQ:TBBK) to post $0.18 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bancorp’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.17. Bancorp posted earnings per share of $0.10 during the same quarter last year, which indicates a positive year-over-year growth rate of 80%. The business is scheduled to announce its next earnings results on Thursday, January 24th.

On average, analysts expect that Bancorp will report full-year earnings of $0.78 per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $0.93 per share, with EPS estimates ranging from $0.86 to $1.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Bancorp.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.90. The firm had revenue of $121.60 million during the quarter, compared to analyst estimates of $120.75 million. Bancorp had a return on equity of 11.34% and a net margin of 23.24%.

Several research firms recently commented on TBBK. Zacks Investment Research upgraded Bancorp from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Friday. ValuEngine upgraded Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. BidaskClub lowered Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. Finally, TheStreet upgraded Bancorp from a “c” rating to a “b” rating in a research report on Monday, November 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Bancorp has an average rating of “Hold” and a consensus target price of $11.38.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBBK. Zeke Capital Advisors LLC purchased a new position in Bancorp in the third quarter worth about $143,000. Raymond James & Associates purchased a new position in Bancorp in the second quarter worth about $168,000. Metropolitan Life Insurance Co. NY grew its position in Bancorp by 358.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 16,734 shares of the bank’s stock worth $175,000 after acquiring an additional 13,083 shares in the last quarter. United Services Automobile Association grew its position in Bancorp by 59.6% in the second quarter. United Services Automobile Association now owns 17,788 shares of the bank’s stock worth $186,000 after acquiring an additional 6,643 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Bancorp during the third quarter valued at approximately $231,000. Institutional investors own 80.11% of the company’s stock.

TBBK opened at $8.48 on Monday. The stock has a market capitalization of $492.21 million, a P/E ratio of 16.63 and a beta of 1.10. Bancorp has a 12 month low of $7.64 and a 12 month high of $12.00. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 0.14.

About Bancorp

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 retirement accounts.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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