Bancorp (NASDAQ:TBBK) Issues FY 2024 Earnings Guidance

Bancorp (NASDAQ:TBBK) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.350-4.350 for the period, compared to the consensus earnings per share estimate of 4.400. The company issued revenue guidance of -. Bancorp also updated its FY 2025 guidance to 5.250-5.250 EPS.

Wall Street Analysts Forecast Growth

TBBK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $55.00 target price (up from $46.00) on shares of Bancorp in a report on Monday, July 29th. Piper Sandler lifted their price objective on shares of Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th.

Bancorp Price Performance

NASDAQ TBBK traded down $7.95 during trading on Friday, hitting $47.01. 2,453,689 shares of the company’s stock were exchanged, compared to its average volume of 624,271. The company has a market cap of $2.30 billion, a PE ratio of 12.24 and a beta of 1.45. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. Bancorp has a fifty-two week low of $29.92 and a fifty-two week high of $59.26. The stock’s 50 day moving average price is $52.17 and its two-hundred day moving average price is $42.85.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a return on equity of 26.81% and a net margin of 31.52%. The company had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. During the same quarter in the prior year, the company earned $0.92 earnings per share. Research analysts expect that Bancorp will post 4.37 EPS for the current year.

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.