Bancorp (NASDAQ:TBBK) Releases Earnings Results, Beats Expectations By $0.07 EPS
Bancorp (NASDAQ:TBBK) announced its earnings results on Thursday. The bank reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07, MarketWatch Earnings reports. The company had revenue of $70.61 million for the quarter, compared to analyst estimates of $62.46 million. Bancorp had a return on equity of 13.37% and a net margin of 16.64%.
NASDAQ:TBBK traded up $0.65 during trading hours on Friday, hitting $9.43. 774,129 shares of the company’s stock traded hands, compared to its average volume of 286,224. The firm has a market cap of $542.74 million, a P/E ratio of 8.27 and a beta of 1.62. Bancorp has a twelve month low of $3.36 and a twelve month high of $13.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.44 and a current ratio of 0.79. The stock’s fifty day moving average price is $8.93 and its two-hundred day moving average price is $8.94.
In related news, Director Daniel G. Cohen sold 60,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $8.96, for a total transaction of $537,600.00. Following the transaction, the director now directly owns 138,429 shares of the company’s stock, valued at $1,240,323.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Cohn bought 20,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $7.16 per share, for a total transaction of $143,200.00. Following the purchase, the director now directly owns 101,163 shares of the company’s stock, valued at $724,327.08. The disclosure for this purchase can be found here. 10.90% of the stock is currently owned by insiders.
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, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.
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