Bancorp (NASDAQ:TBBK) Posts Earnings Results, Hits Estimates

Bancorp (NASDAQ:TBBK) released its earnings results on Friday. The bank reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06, Yahoo Finance reports. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same period in the previous year, the firm posted $0.88 earnings per share.

Bancorp Stock Performance

TBBK traded up $0.31 on Monday, reaching $31.11. 1,461,757 shares of the stock were exchanged, compared to its average volume of 654,567. The firm has a market capitalization of $1.63 billion, a PE ratio of 8.37 and a beta of 1.45. The company’s 50-day moving average price is $36.02 and its 200 day moving average price is $37.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. Bancorp has a fifty-two week low of $28.04 and a fifty-two week high of $47.11.

Insider Activity

In other Bancorp news, Director Stephanie B. Mudick purchased 2,000 shares of Bancorp stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $37.11 per share, with a total value of $74,220.00. Following the acquisition, the director now owns 31,584 shares of the company’s stock, valued at approximately $1,172,082.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Stephanie B. Mudick acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was bought at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the purchase, the director now owns 31,584 shares in the company, valued at $1,172,082.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniela Mielke purchased 3,315 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average price of $45.13 per share, with a total value of $149,605.95. Following the completion of the transaction, the director now directly owns 26,715 shares of the company’s stock, valued at $1,205,647.95. The disclosure for this purchase can be found here. Insiders purchased a total of 7,800 shares of company stock valued at $308,838 in the last quarter. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Raymond James raised their price objective on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. StockNews.com lowered Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods decreased their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, April 5th.

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.