Bancorp (TBBK) Scheduled to Post Quarterly Earnings on Thursday

Bancorp (NASDAQ:TBBK) is scheduled to be releasing its earnings data 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). Bancorp had a return on equity of 26.81% and a net margin of 31.52%. The company 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 Trading Up 2.0 %

TBBK stock opened at $58.39 on Thursday. Bancorp has a twelve month low of $29.92 and a twelve month high of $58.74. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 15.85 and a beta of 1.45. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $50.77 and its two-hundred day simple moving average is $41.68.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TBBK. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $55.00 target price (up previously from $46.00) on shares of Bancorp in a research note on Monday, July 29th. Finally, Piper Sandler increased their price target on Bancorp from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, July 29th.

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.