Bancorp (NASDAQ:TBBK) Releases Earnings Results, Meets Estimates

Bancorp (NASDAQ:TBBK - Get Free Report) announced its quarterly earnings data on Friday. The bank reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates 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 quarter in the previous year, the business posted $0.88 EPS.

Bancorp Trading Up 1.0 %

Shares of TBBK stock traded up $0.31 during trading hours on Monday, reaching $31.11. The company's stock had a trading volume of 1,461,757 shares, compared to its average volume of 654,567. The stock has a market capitalization of $1.63 billion, a P/E ratio of 8.37 and a beta of 1.45. Bancorp has a one year low of $28.04 and a one year high of $47.11. The firm's fifty day simple moving average is $36.02 and its 200 day simple moving average is $37.99. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price target on Bancorp from $52.00 to $46.00 and set an "outperform" rating on the stock in a research report on Friday, April 5th. StockNews.com lowered Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, April 19th. Finally, Raymond James raised their price target on Bancorp from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, January 29th.

Insider Transactions at Bancorp

In other Bancorp news, Director Stephanie B. Mudick acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the transaction, the director now owns 31,584 shares in the company, valued at $1,172,082.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Bancorp news, Director Stephanie B. Mudick acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the transaction, the director now owns 31,584 shares in the company, valued at $1,172,082.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniela Mielke bought 3,315 shares of the stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average price of $45.13 per share, with a total value of $149,605.95. Following the purchase, the director now owns 26,715 shares in the company, valued at $1,205,647.95. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 7,800 shares of company stock worth $308,838. 5.20% of the stock is currently owned by insiders.

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.

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