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%.
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.
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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