Bancorp (TBBK) Scheduled to Post Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) will 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.Parties that wish to listen to the company’s conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.03). Bancorp had a return on equity of 26.81% and a net margin of 31.52%. The business had revenue of $124.52 million during the quarter, compared to the consensus estimate of $127.45 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 Down 0.4 %

Shares of NASDAQ:TBBK opened at $55.88 on Wednesday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 14.55 and a beta of 1.45. The stock’s 50-day moving average price is $51.87 and its 200-day moving average price is $42.58. The company has a current ratio of 0.88, a quick ratio of 0.84 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.

Wall Street Analysts Forecast Growth

TBBK has been the topic of a number of analyst reports. StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Piper Sandler upped their price target on shares of Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $55.00 price target (up previously from $46.00) on shares of Bancorp in a research report on Monday, July 29th.

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.