Bancorp (NASDAQ:TBBK) Issues FY 2024 Earnings Guidance

Bancorp (NASDAQ:TBBK) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 4.350-4.350 for the period, compared to the consensus EPS estimate of 4.400. The company issued revenue guidance of -. Bancorp also updated its FY 2025 guidance to 5.250-5.250 EPS.

Bancorp Trading Up 0.3 %

NASDAQ TBBK traded up $0.16 during trading on Thursday, hitting $54.96. The company had a trading volume of 544,309 shares, compared to its average volume of 615,392. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. Bancorp has a one year low of $29.92 and a one year high of $59.26. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 14.31 and a beta of 1.45. The company’s fifty day moving average is $52.20 and its 200-day moving average is $42.75.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $1.07 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.03). Bancorp had a return on equity of 26.81% and a net margin of 31.52%. The company had revenue of $124.52 million during the quarter, compared to the consensus estimate of $127.45 million. On average, sell-side analysts predict that Bancorp will post 4.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TBBK shares. StockNews.com lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $55.00 price target (up from $46.00) on shares of Bancorp in a research note on Monday, July 29th. Finally, Piper Sandler increased their price target on shares of Bancorp from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th.

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.