Bancorp (TBBK) Set to Announce Earnings on Thursday

Bancorp (NASDAQ:TBBK – Get Rating) is set to post its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect Bancorp to post earnings of $0.51 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Bancorp (NASDAQ:TBBK – Get Rating) last posted its earnings results on Thursday, January 27th. The bank reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $80.38 million during the quarter, compared to analysts’ expectations of $77.28 million. Bancorp had a net margin of 33.85% and a return on equity of 17.63%. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, analysts expect Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TBBK stock opened at $26.27 on Thursday. The stock has a market capitalization of $1.50 billion, a P/E ratio of 13.97 and a beta of 1.31. The company has a current ratio of 0.95, a quick ratio of 0.73 and a debt-to-equity ratio of 0.23. Bancorp has a 12 month low of $20.50 and a 12 month high of $33.36. The firm has a 50-day moving average price of $28.03 and a 200-day moving average price of $28.34.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Bancorp in a report on Tuesday, January 11th. They issued an “outperform” rating and a $40.00 target price for the company. Zacks Investment Research raised shares of Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, February 2nd. Finally, StockNews.com assumed coverage on shares of Bancorp in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Several institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in shares of Bancorp by 43.4% in the third quarter. Captrust Financial Advisors now owns 1,382 shares of the bank’s stock valued at $35,000 after buying an additional 418 shares during the period. California State Teachers Retirement System increased its stake in shares of Bancorp by 1.2% in the fourth quarter. California State Teachers Retirement System now owns 72,039 shares of the bank’s stock valued at $1,823,000 after buying an additional 821 shares during the period. State of Tennessee Treasury Department increased its position in Bancorp by 4.8% during the 4th quarter. State of Tennessee Treasury Department now owns 33,979 shares of the bank’s stock valued at $860,000 after purchasing an additional 1,555 shares during the period. Royal Bank of Canada increased its position in Bancorp by 10.3% during the 3rd quarter. Royal Bank of Canada now owns 29,775 shares of the bank’s stock valued at $759,000 after purchasing an additional 2,772 shares during the period. Finally, Credit Suisse AG increased its position in Bancorp by 7.5% during the 4th quarter. Credit Suisse AG now owns 43,989 shares of the bank’s stock valued at $1,114,000 after purchasing an additional 3,059 shares during the period. 96.97% of the stock is owned by institutional investors.

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.

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