Bancorp (NASDAQ:TBBK) Issues FY 2027 Earnings Guidance

Bancorp (NASDAQ:TBBK) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided EPS guidance of 8.250-8.250 for the period, compared to the consensus EPS estimate of 6.500. The company issued revenue guidance of -. Bancorp also updated its FY 2026 guidance to 5.900-5.900 EPS.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TBBK shares. William Blair set a $60.00 price target on Bancorp in a research report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Bancorp in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bancorp in a report on Monday, December 29th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.20.

Bancorp Stock Up 5.0%

Shares of TBBK opened at $70.53 on Friday. The firm has a market cap of $3.10 billion, a P/E ratio of 14.72 and a beta of 1.27. Bancorp has a 12 month low of $40.51 and a 12 month high of $81.65. The stock’s 50 day moving average is $67.96 and its two-hundred day moving average is $69.82. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, January 29th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.18). Bancorp had a net margin of 26.15% and a return on equity of 27.97%. The business had revenue of $132.21 million for the quarter, compared to analysts’ expectations of $101.10 million. Analysts predict that Bancorp will post 5.31 earnings per share for the current fiscal year.

Insider Activity at Bancorp

In related news, CFO Dominic C. Canuso purchased 1,800 shares of Bancorp stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of $61.24 per share, for a total transaction of $110,232.00. Following the transaction, the chief financial officer directly owned 3,500 shares in the company, valued at approximately $214,340. This trade represents a 105.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in TBBK. Royal Bank of Canada boosted its stake in shares of Bancorp by 98.2% in the first quarter. Royal Bank of Canada now owns 76,696 shares of the bank’s stock worth $4,052,000 after acquiring an additional 37,993 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Bancorp by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 16,734 shares of the bank’s stock valued at $884,000 after purchasing an additional 2,296 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bancorp by 1.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,183 shares of the bank’s stock worth $1,436,000 after purchasing an additional 518 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Bancorp by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,523 shares of the bank’s stock worth $7,795,000 after buying an additional 8,454 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Bancorp by 145.8% during the first quarter. Jane Street Group LLC now owns 128,173 shares of the bank’s stock worth $6,773,000 after buying an additional 76,027 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

About Bancorp

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.