The Bancorp, Inc. (TBBK) to Release Earnings on Thursday
The Bancorp, Inc. (NASDAQ:TBBK) will release its earnings data after the market closes on Thursday, July 27th. Analysts expect The Bancorp to post earnings of $0.07 per share for the quarter.
The Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The Bancorp had a negative return on equity of 11.95% and a negative net margin of 50.29%. The business had revenue of $49.10 million for the quarter, compared to the consensus estimate of $44.26 million. On average, analysts expect The Bancorp to post $0.39 EPS for the current fiscal year and $0.53 EPS for the next fiscal year.
The Bancorp, Inc. (TBBK) opened at 7.57 on Thursday. The Bancorp, Inc. has a 12 month low of $4.41 and a 12 month high of $8.20. The stock’s market capitalization is $421.57 million. The stock has a 50 day moving average price of $7.13 and a 200 day moving average price of $6.10.
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Several research firms have recently issued reports on TBBK. ValuEngine raised shares of The Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub lowered shares of The Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Companies reissued a “hold” rating and set a $6.50 target price on shares of The Bancorp in a research note on Friday, July 14th. Zacks Investment Research lowered shares of The Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, TheStreet raised shares of The Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.45.
In related news, Director Walter T. Beach sold 33,640 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $6.26, for a total value of $210,586.40. Following the transaction, the director now directly owns 362,829 shares of the company’s stock, valued at approximately $2,271,309.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Leo Connolly purchased 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was bought at an average cost of $6.57 per share, for a total transaction of $262,800.00. Following the completion of the purchase, the executive vice president now directly owns 44,762 shares in the company, valued at approximately $294,086.34. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 104,498 shares of company stock worth $687,987 and sold 180,189 shares worth $1,109,310. Company insiders own 7.71% of the company’s stock.
About The Bancorp
The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).
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