Bancorp (TBBK) Announces Quarterly Earnings, Misses Expectations By $0.06 EPS
Bancorp (NASDAQ:TBBK) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.06, AnalystRatingsNetwork.com reports.
Shares of Bancorp (NASDAQ:TBBK) opened at 8.70 on Thursday. Bancorp has a 1-year low of $8.53 and a 1-year high of $20.24. The stock has a 50-day moving average of $10.53 and a 200-day moving average of $15.58. The company has a market cap of $327.2 million and a P/E ratio of 47.25.
TBBK has been the subject of a number of recent research reports. Analysts at BTIG Research upgraded shares of Bancorp from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. They now have a $14.00 price target on the stock. On a related note, analysts at Raymond James reiterated an “outperform” rating on shares of Bancorp in a research note on Thursday, June 12th. They now have a $14.00 price target on the stock, down previously from $18.00. Finally, analysts at Sandler O’Neill downgraded shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Bancorp currently has a consensus rating of “Hold” and an average price target of $14.00.
The Bancorp, Inc is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (NASDAQ:TBBK).
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