Wall Street analysts expect that The Bancorp, Inc. (NASDAQ:TBBK) will announce earnings per share (EPS) of $0.43 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for The Bancorp’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.43. The Bancorp reported earnings per share of $0.40 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The business is expected to report its next quarterly earnings results on Thursday, November 4th.
According to Zacks, analysts expect that The Bancorp will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.78 to $1.80. For the next fiscal year, analysts forecast that the company will report earnings of $2.15 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover The Bancorp.
The Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Wednesday, July 28th. The bank reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.07. The Bancorp had a net margin of 32.24% and a return on equity of 17.38%. The company had revenue of $79.93 million during the quarter, compared to the consensus estimate of $76.98 million.
Shares of TBBK traded up $0.47 during trading hours on Friday, reaching $29.37. The company’s stock had a trading volume of 12,698 shares, compared to its average volume of 536,608. The company has a 50 day moving average of $25.15 and a two-hundred day moving average of $23.83. The Bancorp has a 1-year low of $8.41 and a 1-year high of $31.30. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 16.51 and a beta of 1.47. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 0.25.
In other The Bancorp news, CEO Damian Kozlowski sold 26,703 shares of the firm’s stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $24.53, for a total transaction of $655,024.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael J. Bradley sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 9th. The stock was sold at an average price of $24.45, for a total value of $1,222,500.00. Following the transaction, the director now owns 49,884 shares in the company, valued at approximately $1,219,663.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 245,603 shares of company stock valued at $5,784,182. Corporate insiders own 4.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TBBK. The Manufacturers Life Insurance Company lifted its stake in The Bancorp by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,937 shares of the bank’s stock valued at $689,000 after acquiring an additional 488 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in The Bancorp by 1.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,754 shares of the bank’s stock valued at $1,197,000 after acquiring an additional 665 shares in the last quarter. ClariVest Asset Management LLC increased its position in shares of The Bancorp by 3.3% during the 1st quarter. ClariVest Asset Management LLC now owns 29,658 shares of the bank’s stock worth $614,000 after purchasing an additional 954 shares during the last quarter. Elgethun Capital Management increased its position in shares of The Bancorp by 0.5% during the 2nd quarter. Elgethun Capital Management now owns 190,190 shares of the bank’s stock worth $4,376,000 after purchasing an additional 954 shares during the last quarter. Finally, Ziegler Capital Management LLC increased its position in shares of The Bancorp by 1.6% during the 2nd quarter. Ziegler Capital Management LLC now owns 65,268 shares of the bank’s stock worth $1,502,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
The Bancorp Company Profile
The Bancorp, Inc operates as a financial holding company. The firm engages in the provision of private label banking and financial services through the Bank. It operates through the following segments: Specialty Finance, Payments and Corporate. The Specialty Finance consists of commercial mortgage loan sales and securitizations, small business administration loans; direct lease financing; and security and insurance backed lines of credit and deposits generated by business lines.
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