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

Bancorp (NASDAQ:TBBK) announced its quarterly earnings results on Friday. The bank reported $1.06 earnings per share (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 prior year, the firm posted $0.88 EPS.

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 company’s 50-day moving average price is $36.02 and its 200 day moving average price is $37.99. Bancorp has a fifty-two week low of $28.04 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $1.63 billion, a PE ratio of 8.37 and a beta of 1.45.

Insiders Place Their Bets

In other news, Director Daniela Mielke purchased 3,315 shares of the stock in a transaction on 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 transaction, the director now owns 26,715 shares in the company, valued at approximately $1,205,647.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Stephanie B. Mudick acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of $37.11 per share, with a total value of $74,220.00. Following the acquisition, the director now directly owns 31,584 shares in the company, valued at approximately $1,172,082.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniela Mielke acquired 3,315 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average cost of $45.13 per share, with a total value of $149,605.95. Following the acquisition, the director now owns 26,715 shares in the company, valued at $1,205,647.95. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 7,800 shares of company stock valued at $308,838. 5.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TBBK. StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods dropped their target price on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. Finally, Raymond James boosted their target price on Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th.

Bancorp Company Profile

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.