Bancorp (NASDAQ:TBBK) Releases Earnings Results

Bancorp (NASDAQ:TBBK) issued its earnings results on Friday. The bank reported $1.06 earnings per share for the quarter, hitting the consensus estimate 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 business earned $0.88 earnings per share.

Bancorp Price Performance

Bancorp stock traded up $0.31 during trading hours on Monday, hitting $31.11. 1,461,757 shares of the company traded hands, compared to its average volume of 654,567. Bancorp has a 1-year low of $28.04 and a 1-year high of $47.11. The firm has a market cap of $1.63 billion, a P/E ratio of 8.37 and a beta of 1.45. The firm’s 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $37.99. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.18.

Insider Transactions at Bancorp

In related news, Director Daniela Mielke acquired 3,315 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $45.13 per share, for a total transaction of $149,605.95. Following the completion of the purchase, the director now directly owns 26,715 shares of the company’s stock, valued at $1,205,647.95. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Daniela Mielke acquired 3,315 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was acquired at an average price of $45.13 per share, for a total transaction of $149,605.95. Following the completion of the acquisition, the director now directly owns 26,715 shares in the company, valued at approximately $1,205,647.95. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew Cohn bought 2,485 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the completion of the acquisition, the director now owns 157,627 shares of the company’s stock, valued at $5,392,419.67. The disclosure for this purchase can be found here. In the last three months, insiders purchased 7,800 shares of company stock valued at $308,838. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.