Bancorp (TBBK) to Release Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 25th. The bank reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $119.15 million during the quarter, compared to analyst estimates of $118.52 million. Bancorp had a return on equity of 26.16% and a net margin of 30.94%. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Trading Up 1.7 %

Shares of NASDAQ TBBK opened at $32.84 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $38.01. The firm has a market cap of $1.72 billion, a PE ratio of 9.38 and a beta of 1.45. Bancorp has a twelve month low of $25.97 and a twelve month high of $47.11.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TBBK shares. Piper Sandler lifted their price target on Bancorp from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 21st. Raymond James lifted their price target on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Keefe, Bruyette & Woods cut their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, April 5th. Finally, StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

Insider Buying and Selling

In other news, Director Matthew Cohn acquired 2,485 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the purchase, the director now owns 157,627 shares in the company, valued at $5,392,419.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Stephanie B. Mudick acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, with a total value of $74,220.00. Following the completion of the acquisition, the director now owns 31,584 shares in the company, valued at approximately $1,172,082.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Cohn purchased 2,485 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the acquisition, the director now owns 157,627 shares of the company’s stock, valued at $5,392,419.67. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 7,800 shares of company stock valued at $308,838. 4.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Bancorp by 2.3% in the 1st quarter. BlackRock Inc. now owns 8,494,240 shares of the bank’s stock valued at $240,641,000 after buying an additional 192,639 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Bancorp by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,562,416 shares of the bank’s stock worth $78,302,000 after buying an additional 13,842 shares during the last quarter. State Street Corp increased its holdings in Bancorp by 9.6% in the 1st quarter. State Street Corp now owns 2,735,551 shares of the bank’s stock valued at $77,498,000 after purchasing an additional 239,939 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Bancorp by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,577,944 shares of the bank’s stock valued at $71,795,000 after purchasing an additional 10,005 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Bancorp by 1.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,718,254 shares of the bank’s stock valued at $48,678,000 after buying an additional 16,246 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.