Analysts expect The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) to report $79.99 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bancorp’s earnings, with the highest sales estimate coming in at $80.83 million and the lowest estimate coming in at $79.14 million. Bancorp reported sales of $79.93 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.1%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Bancorp will report full year sales of $331.53 million for the current year, with estimates ranging from $329.26 million to $333.80 million. For the next financial year, analysts expect that the business will report sales of $383.71 million, with estimates ranging from $370.22 million to $397.20 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Bancorp.
Bancorp (NASDAQ:TBBK – Get Rating) last released its earnings results on Thursday, April 28th. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Bancorp had a net margin of 34.77% and a return on equity of 17.70%. The company had revenue of $77.97 million during the quarter, compared to the consensus estimate of $83.48 million. During the same quarter in the previous year, the business posted $0.44 EPS.
NASDAQ TBBK opened at $18.44 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.78 and a current ratio of 0.97. The firm has a 50-day simple moving average of $25.12 and a 200 day simple moving average of $27.31. Bancorp has a twelve month low of $18.02 and a twelve month high of $33.36. The stock has a market cap of $1.04 billion, a PE ratio of 9.51 and a beta of 1.39.
Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its stake in Bancorp by 43.4% in the 3rd 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 last quarter. Advisor Group Holdings Inc. increased its stake in Bancorp by 325.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,222 shares of the bank’s stock valued at $35,000 after buying an additional 935 shares during the last quarter. Federated Hermes Inc. increased its stake in Bancorp by 35.4% in the 1st quarter. Federated Hermes Inc. now owns 2,522 shares of the bank’s stock valued at $71,000 after buying an additional 660 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Bancorp by 93.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,012 shares of the bank’s stock worth $86,000 after purchasing an additional 1,459 shares during the last quarter. Finally, US Bancorp DE acquired a new position in shares of Bancorp during the 1st quarter worth about $87,000. Institutional investors and hedge funds own 92.96% 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.
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