Bancorp (NASDAQ:TBBK) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Bancorp (NASDAQ:TBBK) posted its quarterly earnings data on Thursday. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02, Zacks reports. Bancorp had a return on equity of 26.63% and a net margin of 30.97%. Bancorp updated its FY 2025 guidance to 5.250-5.250 EPS.

Bancorp Trading Up 4.1 %

Shares of TBBK stock traded up $2.28 during trading hours on Thursday, reaching $57.64. The company had a trading volume of 766,645 shares, compared to its average volume of 383,844. Bancorp has a 1-year low of $29.92 and a 1-year high of $61.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 14.56 and a beta of 1.49. The company has a 50 day moving average of $55.06 and a 200 day moving average of $52.69.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TBBK shares. StockNews.com lowered Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. Piper Sandler upped their target price on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd.

Insider Buying and Selling

In related news, EVP Thomas G. Pareigat sold 5,466 shares of Bancorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total transaction of $267,997.98. Following the transaction, the executive vice president now owns 73,114 shares of the company’s stock, valued at $3,584,779.42. This trade represents a 6.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is 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.