$0.52 EPS Expected for The Bancorp, Inc. (NASDAQ:TBBK) This Quarter

Wall Street analysts expect The Bancorp, Inc. (NASDAQ:TBBKGet Rating) to report earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bancorp’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.50. Bancorp reported earnings of $0.49 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Bancorp will report full year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.24. For the next fiscal year, analysts forecast that the company will report earnings of $2.77 per share, with EPS estimates ranging from $2.60 to $2.94. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Bancorp.

Bancorp (NASDAQ:TBBKGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Bancorp had a return on equity of 17.70% and a net margin of 34.77%. The business had revenue of $77.97 million for the quarter, compared to analyst estimates of $83.48 million. During the same period last year, the firm posted $0.44 EPS.

A number of equities research analysts recently weighed in on TBBK shares. Zacks Investment Research lowered Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. StockNews.com started coverage on Bancorp in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

TBBK stock traded up $0.74 during midday trading on Wednesday, reaching $19.21. 11,428 shares of the stock were exchanged, compared to its average volume of 398,798. The stock has a market capitalization of $1.09 billion, a PE ratio of 9.52 and a beta of 1.39. Bancorp has a 52 week low of $18.02 and a 52 week high of $33.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.78. The company has a fifty day moving average price of $24.93 and a 200 day moving average price of $27.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in shares of Bancorp by 2.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 498,741 shares of the bank’s stock valued at $14,129,000 after buying an additional 10,259 shares during the last quarter. State Street Corp grew its position in shares of Bancorp by 9.6% in the 1st quarter. State Street Corp now owns 2,735,551 shares of the bank’s stock valued at $77,498,000 after buying an additional 239,939 shares during the last quarter. Engineers Gate Manager LP grew its position in shares of Bancorp by 1.0% in the 1st quarter. Engineers Gate Manager LP now owns 57,126 shares of the bank’s stock valued at $1,618,000 after buying an additional 543 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Bancorp in the 1st quarter valued at about $14,439,000. Finally, Invesco Ltd. lifted its stake in shares of Bancorp by 36.2% in the 1st quarter. Invesco Ltd. now owns 290,328 shares of the bank’s stock valued at $8,226,000 after purchasing an additional 77,097 shares during the period. Hedge funds and other institutional investors own 92.96% of the company’s stock.

Bancorp Company Profile (Get Rating)

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, savings, money market, and commercial accounts; and prepaid and debit cards.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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