Analysts expect Bancorp Inc (NASDAQ:TBBK) to report sales of $120.75 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bancorp’s earnings, with the highest sales estimate coming in at $121.69 million and the lowest estimate coming in at $119.80 million. Bancorp reported sales of $56.91 million in the same quarter last year, which indicates a positive year over year growth rate of 112.2%. The firm is expected to issue its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Bancorp will report full year sales of $276.33 million for the current fiscal year, with estimates ranging from $275.00 million to $277.66 million. For the next year, analysts anticipate that the firm will report sales of $225.32 million per share, with estimates ranging from $218.30 million to $232.33 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Bancorp.
Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, July 26th. The bank reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.03). The company had revenue of $46.57 million during the quarter, compared to analysts’ expectations of $47.51 million. Bancorp had a net margin of 12.36% and a return on equity of 9.82%.
A number of research firms recently issued reports on TBBK. BidaskClub downgraded shares of Bancorp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 13th. Zacks Investment Research upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Finally, TheStreet upgraded shares of Bancorp from a “c+” rating to a “b” rating in a report on Friday, June 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.25.
Shares of NASDAQ TBBK traded down $0.02 during mid-day trading on Tuesday, reaching $10.01. The company had a trading volume of 169,899 shares, compared to its average volume of 231,306. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.60 and a quick ratio of 0.52. The company has a market capitalization of $564.76 million, a price-to-earnings ratio of 17.29 and a beta of 1.13. Bancorp has a 52-week low of $7.29 and a 52-week high of $12.00.
In other Bancorp news, Director Daniel G. Cohen sold 140,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $9.83, for a total transaction of $1,376,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Koch Industries Inc. acquired a new position in shares of Bancorp during the first quarter worth $115,000. Cubist Systematic Strategies LLC acquired a new position in shares of Bancorp during the 1st quarter worth about $120,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bancorp during the 2nd quarter worth about $124,000. Bailard Inc. acquired a new position in shares of Bancorp during the 1st quarter worth about $131,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of Bancorp during the 1st quarter worth about $147,000. Institutional investors own 79.72% of the company’s stock.
Bancorp Company Profile
The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and debit cards.
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