Zacks: Analysts Expect Bancorp Inc (TBBK) to Post $0.27 Earnings Per Share

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Equities analysts expect Bancorp Inc (NASDAQ:TBBK) to report earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bancorp’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.26. Bancorp reported earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8%. The business is scheduled to issue its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that Bancorp will report full-year earnings of $0.93 per share for the current financial year, with EPS estimates ranging from $0.85 to $1.00. For the next year, analysts anticipate that the company will report earnings of $1.12 per share, with EPS estimates ranging from $0.98 to $1.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Bancorp.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). Bancorp had a return on equity of 11.26% and a net margin of 23.24%. The business had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $50.19 million.

Several research firms have commented on TBBK. BidaskClub raised shares of Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Zacks Investment Research cut shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. ValuEngine cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, TheStreet raised shares of Bancorp from a “c” rating to a “b” rating in a research note on Monday, November 26th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.50.

Shares of TBBK traded down $0.10 during mid-day trading on Wednesday, reaching $8.47. 3,878 shares of the company’s stock were exchanged, compared to its average volume of 149,536. The stock has a market cap of $483.74 million, a price-to-earnings ratio of 12.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.67 and a quick ratio of 0.59. Bancorp has a 52-week low of $7.64 and a 52-week high of $12.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates purchased a new stake in shares of Bancorp during the 2nd quarter valued at $168,000. Marshall Wace LLP acquired a new position in shares of Bancorp during the 3rd quarter valued at $231,000. IndexIQ Advisors LLC lifted its holdings in shares of Bancorp by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 210,486 shares of the bank’s stock valued at $2,019,000 after acquiring an additional 7,952 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bancorp by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,599,652 shares of the bank’s stock valued at $34,521,000 after acquiring an additional 151,079 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Bancorp during the 4th quarter valued at $89,000. 79.98% of the stock is owned by institutional investors.

Bancorp Company Profile

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 accounts, savings accounts, money market accounts, commercial accounts, and retirement accounts.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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