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.

A number of equities research analysts have recently issued reports on the company. TheStreet lowered Bancorp from a “b-” rating to a “c” rating in a research report on Friday, April 17th. Zacks Investment Research raised Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, June 16th. BidaskClub lowered Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Piper Sandler cut their target price on Bancorp from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

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, 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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Earnings History for Bancorp (NASDAQ:TBBK)

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