Bancorp (TBBK) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bancorp in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TBBK shares.
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3 brokers have issued 12 month target prices for Bancorp's stock. Their TBBK share price forecasts range from $40.00 to $46.00. On average, they anticipate the company's share price to reach $42.67 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price.
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Bancorp's stock was trading at $28.38 at the start of the year. Since then, TBBK shares have increased by 20.0% and is now trading at $34.06.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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The Bancorp, Inc. (NASDAQ:TBBK) announced its quarterly earnings data on Thursday, July, 27th. The bank reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.03. The bank earned $116.53 million during the quarter, compared to analyst estimates of $114.39 million. Bancorp had a net margin of 30.71% and a trailing twelve-month return on equity of 23.87%.

ETFs with the largest weight of Bancorp (NASDAQ:TBBK) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), Innovator IBD Breakout Opportunities ETF (BOUT), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Roundhill Acquirers Deep Value ETF (DEEP), Invesco Dorsey Wright Financial Momentum ETF (PFI), Invesco S&P SmallCap Financials ETF (PSCF) and IQ Chaikin U.S. Small Cap ETF (CSML).

Bancorp updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $3.60-$3.60 for the period, compared to the consensus estimate of $3.62. The company issued revenue guidance of -.

16 employees have rated Bancorp Chief Executive Officer Damian Kozlowski on Glassdoor.com. Damian Kozlowski has an approval rating of 45% among the company's employees. This puts Damian Kozlowski in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bancorp investors own include NVIDIA (NVDA), Pure Storage (PSTG), QUALCOMM (QCOM), Boeing (BA), Vista Outdoor (VSTO), Mastercard (MA), Overstock.com (OSTK), Twilio (TWLO), Visa (V) and Verizon Communications (VZ).

Bancorp trades on the NASDAQ under the ticker symbol "TBBK."

Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.95%), Dimensional Fund Advisors LP (4.33%), State Street Corp (4.22%), Frontier Capital Management Co. LLC (3.93%), Brown Advisory Inc. (2.57%) and Geode Capital Management LLC (2.01%). Insiders that own company stock include Cheryl Creuzot, Damian Kozlowski, Daniel G Cohen, Daniela Mielke, Erika R Caesar, James J Mcentee III, Jennifer F Terry, John C Chrystal, John Leto, Matthew Cohn, Michael J Bradley, Olek Derowe, Ryan Harris and Walter T Beach.
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Shares of TBBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TBBK stock can currently be purchased for approximately $34.06.

Bancorp (NASDAQ:TBBK) has a market capitalization of $1.85 billion and generates $413.98 million in revenue each year. The bank earns $130.21 million in net income (profit) each year or $3.02 on an earnings per share basis.

The company employs 717 workers across the globe.

Bancorp's mailing address is 409 SILVERSIDE ROAD, WILMINGTON DE, 19809. The official website for the company is www.thebancorp.com. The bank can be reached via phone at (302) 385-5000, via email at investorrelations@thebancorp.com, or via fax at 302-385-5194.