Analysts forecast that Bancorp Inc (NASDAQ:TBBK) will announce $120.75 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Bancorp’s earnings, with the lowest sales estimate coming in at $119.80 million and the highest estimate coming in at $121.69 million. Bancorp posted sales of $56.91 million in the same quarter last year, which suggests a positive year over year growth rate of 112.2%. The firm is scheduled to announce its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Bancorp will report full year sales of $276.33 million for the current fiscal year, with estimates ranging from $275.00 million to $277.66 million. For the next financial year, analysts expect that the business will report sales of $225.32 million per share, with estimates ranging from $218.30 million to $232.33 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Bancorp.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 26th. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $46.57 million for the quarter, compared to the consensus estimate of $47.51 million. Bancorp had a return on equity of 9.82% and a net margin of 12.36%.

Several equities analysts have recently commented on TBBK shares. BidaskClub lowered shares of Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded shares of Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, June 28th. Finally, TheStreet upgraded shares of Bancorp from a “c+” rating to a “b” rating in a research report on Friday, June 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. Bancorp currently has an average rating of “Hold” and an average target price of $11.25.

In related news, Director Daniel G. Cohen sold 140,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $9.83, for a total value of $1,376,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Bancorp by 1.1% in the 4th quarter. BlackRock Inc. now owns 3,249,097 shares of the bank’s stock valued at $32,101,000 after acquiring an additional 36,347 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bancorp by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 467,076 shares of the bank’s stock valued at $4,614,000 after acquiring an additional 4,969 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Bancorp by 34.0% in the 4th quarter. Teachers Advisors LLC now owns 149,548 shares of the bank’s stock valued at $1,478,000 after acquiring an additional 37,964 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Bancorp by 52.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 457,296 shares of the bank’s stock valued at $4,518,000 after acquiring an additional 156,874 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Bancorp in the 4th quarter valued at about $254,000. Hedge funds and other institutional investors own 79.72% of the company’s stock.

Shares of Bancorp stock traded down $0.02 during trading on Tuesday, hitting $10.01. 169,899 shares of the stock were exchanged, compared to its average volume of 231,306. The firm has a market capitalization of $564.76 million, a P/E ratio of 17.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.60. Bancorp has a 12 month low of $7.29 and a 12 month high of $12.00.

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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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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