$86.55 Million in Sales Expected for The Bancorp, Inc. (NASDAQ:TBBK) This Quarter

Equities analysts expect that The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) will report sales of $86.55 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Bancorp’s earnings, with the highest sales estimate coming in at $88.50 million and the lowest estimate coming in at $84.60 million. Bancorp posted sales of $79.93 million during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Bancorp will report full year sales of $350.41 million for the current fiscal year, with estimates ranging from $344.08 million to $356.74 million. For the next financial year, analysts expect that the firm will post sales of $399.35 million, with estimates ranging from $383.29 million to $415.41 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Bancorp.

Bancorp (NASDAQ:TBBK – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Bancorp had a return on equity of 17.63% and a net margin of 33.85%. During the same period in the prior year, the business posted $0.44 EPS.

A number of brokerages recently weighed in on TBBK. Keefe, Bruyette & Woods began coverage on Bancorp in a research report on Tuesday, January 11th. They set an “outperform” rating and a $40.00 price objective on the stock. StockNews.com initiated coverage on Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research lowered Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st.

Shares of TBBK stock opened at $22.69 on Friday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.07 and a beta of 1.31. Bancorp has a twelve month low of $20.50 and a twelve month high of $33.36. 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 stock’s fifty day simple moving average is $27.31 and its 200 day simple moving average is $28.23.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sheets Smith Investment Management bought a new position in shares of Bancorp in the 1st quarter worth about $1,109,000. Comerica Bank grew its stake in Bancorp by 0.8% during the first quarter. Comerica Bank now owns 62,739 shares of the bank’s stock worth $1,648,000 after purchasing an additional 520 shares during the period. Dupont Capital Management Corp bought a new stake in Bancorp in the first quarter worth approximately $173,000. Meritage Portfolio Management acquired a new position in Bancorp in the first quarter valued at approximately $211,000. Finally, James Investment Research Inc. bought a new position in shares of Bancorp during the 1st quarter worth approximately $721,000. 96.97% of the stock is currently owned by institutional investors and hedge funds.

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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