Bancorp (TBBK) to Release Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Bancorp to post earnings of $1.06 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, January 25th. The bank reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Bancorp had a net margin of 30.94% and a return on equity of 26.16%. The firm had revenue of $119.15 million during the quarter, compared to the consensus estimate of $118.52 million. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Stock Up 1.7 %

Shares of NASDAQ:TBBK opened at $32.84 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. Bancorp has a 52-week low of $25.97 and a 52-week high of $47.11. The company has a 50 day moving average of $37.42 and a two-hundred day moving average of $38.01. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.38 and a beta of 1.45.

Insider Buying and Selling

In other news, Director Daniela Mielke acquired 3,315 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $45.13 per share, with a total value of $149,605.95. Following the acquisition, the director now owns 26,715 shares in the company, valued at $1,205,647.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Matthew Cohn acquired 2,485 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $34.21 per share, with a total value of $85,011.85. Following the acquisition, the director now owns 157,627 shares in the company, valued at $5,392,419.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniela Mielke bought 3,315 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $45.13 per share, with a total value of $149,605.95. Following the completion of the purchase, the director now owns 26,715 shares in the company, valued at $1,205,647.95. The disclosure for this purchase can be found here. In the last three months, insiders bought 7,800 shares of company stock valued at $308,838. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Bancorp

Large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. raised its stake in shares of Bancorp by 325.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,222 shares of the bank’s stock valued at $35,000 after buying an additional 935 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of Bancorp in the 2nd quarter valued at $45,000. Federated Hermes Inc. raised its stake in shares of Bancorp by 28.1% in the 3rd quarter. Federated Hermes Inc. now owns 2,279 shares of the bank’s stock valued at $50,000 after buying an additional 500 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Bancorp in the 4th quarter valued at $56,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Bancorp in the 2nd quarter valued at $63,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TBBK shares. StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Keefe, Bruyette & Woods dropped their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. Piper Sandler boosted their price target on shares of Bancorp from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 21st. Finally, Raymond James boosted their price objective on shares of Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 29th.

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.