Bancorp (TBBK) Set to Announce Earnings on Thursday

Bancorp (NASDAQ:TBBK) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Bancorp to post earnings of $1.12 per share for the quarter. Bancorp has set its FY 2024 guidance at 4.350-4.350 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The firm had revenue of $124.52 million during the quarter, compared to analyst estimates of $127.45 million. Bancorp had a return on equity of 26.81% and a net margin of 31.52%. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Price Performance

Shares of TBBK stock opened at $56.12 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.19. Bancorp has a 12 month low of $29.92 and a 12 month high of $59.26. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 14.61 and a beta of 1.45. The stock has a 50-day moving average price of $51.67 and a 200 day moving average price of $42.41.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler raised their target price on Bancorp from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $55.00 target price (up previously from $46.00) on shares of Bancorp in a report on Monday, July 29th. Finally, StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.

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.