Bancorp (TBBK) Expected to Announce Earnings on Thursday

Bancorp (NASDAQ:TBBK) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Bancorp to post earnings of $1.15 per share and revenue of $97,900.00 billion for the quarter. Bancorp has set its FY 2024 guidance at 4.350-4.350 EPS and its FY 2025 guidance at 5.250-5.250 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). The business had revenue of $125.84 million during the quarter, compared to the consensus estimate of $131.34 million. Bancorp had a return on equity of 26.63% and a net margin of 30.97%. During the same period last year, the firm earned $0.92 EPS. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Trading Up 0.5 %

Shares of NASDAQ:TBBK opened at $55.87 on Tuesday. The company has a market capitalization of $2.68 billion, a PE ratio of 14.11 and a beta of 1.49. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. Bancorp has a 12-month low of $29.92 and a 12-month high of $61.17. The business’s fifty day simple moving average is $55.07 and its 200-day simple moving average is $52.03.

Insider Activity at Bancorp

In related news, CMO Maria Wainwright sold 11,357 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.08, for a total value of $568,758.56. Following the transaction, the chief marketing officer now directly owns 23,291 shares of the company’s stock, valued at $1,166,413.28. This represents a 32.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas G. Pareigat sold 5,466 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the transaction, the executive vice president now owns 73,114 shares of the company’s stock, valued at $3,584,779.42. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,983 shares of company stock valued at $1,345,366 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

TBBK has been the topic of several analyst reports. Piper Sandler lifted their target price on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, January 12th.

Bancorp Company Profile

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.