Analysts predict that Bancorp Inc (NASDAQ:TBBK) will announce $50.19 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Bancorp’s earnings. The lowest sales estimate is $50.08 million and the highest is $50.30 million. Bancorp reported sales of $46.84 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Bancorp will report full year sales of $277.51 million for the current year, with estimates ranging from $277.43 million to $277.60 million. For the next year, analysts forecast that the company will post sales of $224.67 million, with estimates ranging from $216.30 million to $233.04 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow Bancorp.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, October 25th. The bank reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.31). The firm had revenue of $121.60 million for the quarter, compared to analyst estimates of $120.75 million. Bancorp had a return on equity of 11.88% and a net margin of 6.61%.

Several analysts have recently weighed in on the stock. ValuEngine lowered shares of Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised shares of Bancorp from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Wednesday, October 31st. BidaskClub raised shares of Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, TheStreet lowered shares of Bancorp from a “b” rating to a “c” rating in a report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a strong buy rating to the stock. Bancorp currently has an average rating of “Buy” and a consensus target price of $11.00.

NASDAQ TBBK opened at $10.52 on Wednesday. The company has a market cap of $593.81 million, a PE ratio of 15.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.51. Bancorp has a 1-year low of $8.52 and a 1-year high of $12.00.

In other news, Director Daniel G. Cohen sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $9.63, for a total transaction of $240,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Bancorp by 1.2% in the first quarter. Northern Trust Corp now owns 573,741 shares of the bank’s stock valued at $6,196,000 after purchasing an additional 6,687 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in shares of Bancorp in the first quarter valued at approximately $1,150,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Bancorp in the first quarter valued at approximately $120,000. Royal Bank of Canada increased its holdings in shares of Bancorp by 36.1% in the first quarter. Royal Bank of Canada now owns 50,007 shares of the bank’s stock valued at $540,000 after purchasing an additional 13,255 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Bancorp by 427.8% in the second quarter. Bank of Montreal Can now owns 14,784 shares of the bank’s stock valued at $154,000 after purchasing an additional 11,983 shares in the last quarter. 80.06% of the stock is owned by institutional investors.

About Bancorp

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 retirement accounts.

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Earnings History and Estimates for Bancorp (NASDAQ:TBBK)

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