Bancorp (NASDAQ:TBBK) is set to post its quarterly earnings results after the market closes on Thursday, April 26th. Analysts expect Bancorp to post earnings of $0.18 per share for the quarter.
Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Bancorp had a net margin of 10.15% and a return on equity of 7.43%. The business had revenue of $46.84 million for the quarter, compared to analysts’ expectations of $46.29 million. On average, analysts expect Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of TBBK stock opened at $10.93 on Wednesday. Bancorp has a 1-year low of $4.97 and a 1-year high of $11.37. The company has a current ratio of 0.66, a quick ratio of 0.54 and a debt-to-equity ratio of 0.17. The firm has a market cap of $622.78, a PE ratio of 25.18 and a beta of 1.09.
A number of research analysts have recently weighed in on the company. BidaskClub downgraded Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Piper Jaffray reiterated a “hold” rating on shares of Bancorp in a report on Tuesday, February 13th. Zacks Investment Research downgraded Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Sandler O’Neill reiterated a “hold” rating and set a $11.00 price target on shares of Bancorp in a report on Friday, January 12th. Finally, Raymond James upgraded Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $11.00 to $13.00 in a report on Friday, January 26th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.40.
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Bancorp Company Profile
The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and debit cards.
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