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 equities research analysts have issued 1-year price targets for Bancorp's stock. Their TBBK share price forecasts range from $40.00 to $46.00. On average, they anticipate the company's stock price to reach $42.67 in the next twelve months. This suggests a possible upside of 24.0% from the stock's current price.
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Bancorp's stock was trading at $28.38 at the beginning of 2023. Since then, TBBK stock has increased by 21.2% and is now trading at $34.40.
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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) released its quarterly earnings data on Thursday, July, 27th. The bank reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. The bank had revenue of $116.53 million for the quarter, compared to analysts' expectations 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 issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS 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 many different institutional and retail investors. Top institutional investors 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 $34.40.

Bancorp (NASDAQ:TBBK) has a market capitalization of $1.87 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.