Bancorp (TBBK) Scheduled to Post Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) is set to issue its quarterly earnings data after the market closes on Thursday, January 25th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, October 26th. The bank reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Bancorp had a net margin of 2.74% and a negative return on equity of 1.67%. On average, analysts expect Bancorp to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Bancorp (NASDAQ TBBK) opened at $10.86 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. Bancorp has a fifty-two week low of $4.41 and a fifty-two week high of $11.05. The firm has a market cap of $606.64, a PE ratio of 120.67 and a beta of 1.23.

In other Bancorp news, Director John C. Chrystal sold 62,285 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $9.65, for a total transaction of $601,050.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel G. Cohen sold 250,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $9.53, for a total transaction of $2,382,500.00. The disclosure for this sale can be found here. 12.40% of the stock is owned by corporate insiders.

TBBK has been the topic of several analyst reports. Zacks Investment Research lowered shares of Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $9.00 price target on shares of Bancorp in a research report on Friday, November 10th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $11.00 price target on shares of Bancorp in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $9.75.

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Bancorp Company Profile

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).

Earnings History for Bancorp (NASDAQ:TBBK)

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