Bancorp (TBBK) to Release Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) is expected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Bancorp to post earnings of $1.15 per share and revenue of $97,900.00 billion for the quarter. Bancorp has set its FY 2024 guidance at 4.350-4.350 EPS and its FY 2025 guidance at 5.250-5.250 EPS.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a net margin of 30.97% and a return on equity of 26.63%. The firm had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. During the same period in the previous year, the business posted $0.92 earnings per share. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Stock Performance

Shares of TBBK stock opened at $54.82 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The company’s fifty day moving average price is $55.05 and its two-hundred day moving average price is $51.56. The firm has a market capitalization of $2.63 billion, a P/E ratio of 13.84 and a beta of 1.49. Bancorp has a 12 month low of $29.92 and a 12 month high of $61.17.

Insider Activity

In other news, EVP Thomas G. Pareigat sold 5,466 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the sale, the executive vice president now directly owns 73,114 shares in the company, valued at approximately $3,584,779.42. The trade was a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Cohn purchased 545 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost of $50.11 per share, for a total transaction of $27,309.95. Following the completion of the transaction, the director now owns 56,636 shares in the company, valued at approximately $2,838,029.96. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 26,983 shares of company stock worth $1,345,366. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TBBK has been the topic of several recent analyst reports. StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday. Piper Sandler upped their target price on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd.

About Bancorp

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.