The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts; and prepaid and debit cards. It also provides securities-backed lines of credit and insurance policy cash value-backed lines of credit; institutional banking services; vehicle fleet, other equipment leasing, and commercial fleet leasing services consist of commercial vehicles, including trucks and special purpose vehicles, and equipment; and real estate bridge lending, as well as small business administration, commercial mortgage-backed, and commercial real estate loans. The company offers private label banking; credit and debit card payment processing services for independent service organizations; and internet banking services. The Bancorp, Inc. was incorporated in 1999 and is headquartered in Wilmington, Delaware.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler reduced their price objective on shares of Bancorp from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 11th.
Bancorp Stock Up 2.7 %
Shares of NASDAQ:TBBK traded up $0.66 during mid-day trading on Friday, reaching $25.20. 268,773 shares of the company's stock traded hands, compared to its average volume of 402,443. The stock has a market cap of $1.43 billion, a P/E ratio of 12.79 and a beta of 1.45. The business has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $24.15. Bancorp has a 1-year low of $16.59 and a 1-year high of $33.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.81.
Bancorp (NASDAQ:TBBK - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Bancorp had a net margin of 34.36% and a return on equity of 17.63%. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, analysts expect that Bancorp will post 2.28 EPS for the current fiscal year.