The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) – Stock analysts at Piper Sandler boosted their FY2022 EPS estimates for shares of Bancorp in a research report issued on Tuesday, April 12th. Piper Sandler analyst F. Schiraldi now expects that the bank will post earnings of $2.27 per share for the year, up from their previous estimate of $2.26. Piper Sandler also issued estimates for Bancorp’s Q4 2022 earnings at $0.64 EPS and Q3 2023 earnings at $0.78 EPS.
Bancorp (NASDAQ:TBBK – Get Rating) last announced its earnings results on Thursday, January 27th. The bank reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. Bancorp had a return on equity of 17.63% and a net margin of 33.85%. The firm had revenue of $80.38 million during the quarter, compared to analysts’ expectations of $77.28 million. During the same quarter in the previous year, the business earned $0.41 EPS.
NASDAQ:TBBK opened at $25.89 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.49 billion, a PE ratio of 13.77 and a beta of 1.31. Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $33.36. The firm has a 50-day moving average price of $28.60.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Bancorp by 6.3% in the 4th quarter. State Street Corp now owns 2,495,612 shares of the bank’s stock valued at $63,164,000 after purchasing an additional 148,615 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Bancorp by 0.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,953,925 shares of the bank’s stock worth $49,454,000 after acquiring an additional 10,500 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Bancorp by 0.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,702,008 shares of the bank’s stock valued at $43,078,000 after buying an additional 8,307 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Bancorp by 1,656.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,419,811 shares of the bank’s stock valued at $35,935,000 after acquiring an additional 1,338,982 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Bancorp by 165.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,188,348 shares of the bank’s stock worth $30,243,000 after buying an additional 741,476 shares in the last quarter. Hedge funds and other institutional investors own 96.97% of the company’s stock.
Bancorp Company Profile (Get Rating)
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, and commercial accounts; and prepaid and debit cards.
- Get a free copy of the StockNews.com research report on Bancorp (TBBK)
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