Bancorp (TBBK) Projected to Post Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) will likely be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce 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) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The company had revenue of $125.84 million for the quarter, compared to the consensus estimate of $131.34 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. 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 TBBK opened at $54.82 on Thursday. The firm has a fifty day moving average of $55.05 and a 200-day moving average of $51.56. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 13.84 and a beta of 1.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.88. Bancorp has a 1 year low of $29.92 and a 1 year high of $61.17.

Wall Street Analyst Weigh In

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

Insider Activity at Bancorp

In other news, CMO Maria Wainwright sold 11,357 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.08, for a total transaction of $568,758.56. Following the sale, the chief marketing officer now directly owns 23,291 shares of the company’s stock, valued at $1,166,413.28. The trade was a 32.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas G. Pareigat sold 5,466 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the transaction, the executive vice president now owns 73,114 shares of the company’s stock, valued at $3,584,779.42. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,983 shares of company stock valued at $1,345,366 over the last 90 days. 5.20% of the stock is currently 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.