Bancorp (NASDAQ:TBBK) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Bancorp (NASDAQ:TBBK) released its earnings results on Thursday. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02, Zacks reports. Bancorp had a net margin of 30.97% and a return on equity of 26.63%. Bancorp updated its FY 2025 guidance to 5.250-5.250 EPS.

Bancorp Stock Performance

Shares of Bancorp stock traded up $2.28 during trading on Thursday, hitting $57.64. 766,645 shares of the stock were exchanged, compared to its average volume of 383,844. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $55.06 and a 200-day moving average price of $52.69. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 14.56 and a beta of 1.49. Bancorp has a 1-year low of $29.92 and a 1-year high of $61.17.

Insider Activity at Bancorp

In related news, EVP Thomas G. Pareigat sold 5,466 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total value of $267,997.98. Following the sale, the executive vice president now owns 73,114 shares in the company, valued at approximately $3,584,779.42. This represents a 6.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TBBK has been the subject of several analyst reports. StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, January 12th. Piper Sandler boosted their price target on Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd.

About Bancorp

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.