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.
Analyst Upgrades and Downgrades
Separately, Piper Sandler decreased their price objective on Bancorp from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 11th.
Bancorp Price Performance
NASDAQ:TBBK traded up $0.15 during trading hours on Friday, hitting $24.71. The company's stock had a trading volume of 342,668 shares, compared to its average volume of 402,688. The business's 50-day moving average is $20.75 and its two-hundred day moving average is $24.30. The company has a market capitalization of $1.40 billion, a PE ratio of 12.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.97. Bancorp has a 52-week low of $16.59 and a 52-week high of $33.36.
Bancorp (NASDAQ:TBBK - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Bancorp had a return on equity of 17.63% and a net margin of 42.15%. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, research analysts anticipate that Bancorp will post 2.28 EPS for the current fiscal year.