Bancorp (TBBK) Projected to Post Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK - Get Free Report) is projected 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.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.08). Bancorp had a net margin of 30.97% and a return on equity of 26.63%. The firm had revenue of $125.84 million during the quarter, compared to analysts' expectations of $131.34 million. During the same quarter last year, the business posted $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 Stock Performance

Shares of NASDAQ TBBK traded up $0.75 during mid-day trading on Thursday, reaching $55.57. 378,160 shares of the company's stock were exchanged, compared to its average volume of 364,476. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. Bancorp has a 52 week low of $29.92 and a 52 week high of $61.17. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 14.03 and a beta of 1.49. The firm has a 50-day moving average price of $55.09 and a two-hundred day moving average price of $51.59.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com cut Bancorp from a "hold" rating to a "sell" rating in a research report on Sunday. Piper Sandler upped their target price on shares of Bancorp from $61.00 to $64.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd.

Insiders Place Their Bets

In related news, EVP Matthew J. Wallace sold 10,160 shares of Bancorp stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $50.06, for a total value of $508,609.60. Following the transaction, the executive vice president now owns 74,798 shares in the company, valued at $3,744,387.88. This trade represents a 11.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Cohn purchased 545 shares of the stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of $50.11 per share, with a total value of $27,309.95. Following the completion of the purchase, the director now directly owns 56,636 shares of the company's stock, valued at $2,838,029.96. The trade was a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 26,983 shares of company stock valued at $1,345,366 over the last quarter. 5.20% of the stock is owned by corporate insiders.

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.