Bancorp (TBBK) to Release 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.Parties that are interested in participating in the company’s conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.08). The company had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. Bancorp had a return on equity of 26.63% and a net margin of 30.97%. During the same period in the prior year, the business posted $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 stock opened at $55.87 on Tuesday. Bancorp has a 52-week low of $29.92 and a 52-week high of $61.17. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.68 billion, a PE ratio of 14.11 and a beta of 1.49. The business has a 50-day simple moving average of $55.07 and a 200-day simple moving average of $52.03.

Insider Buying and Selling

In other news, EVP Matthew J. Wallace sold 10,160 shares of Bancorp stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.06, for a total value of $508,609.60. Following the sale, the executive vice president now owns 74,798 shares in the company, valued at $3,744,387.88. This trade represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas G. Pareigat sold 5,466 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total transaction of $267,997.98. Following the transaction, the executive vice president now owns 73,114 shares of the company’s stock, valued at approximately $3,584,779.42. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,983 shares of company stock valued at $1,345,366. 5.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler boosted 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. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, January 12th.

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.