Brokers Issue Forecasts for Bancorp FY2025 Earnings

The Bancorp, Inc. (NASDAQ:TBBK) – Research analysts at Keefe, Bruyette & Woods issued their FY2025 EPS estimates for shares of Bancorp in a note issued to investors on Tuesday, January 20th. Keefe, Bruyette & Woods analyst T. Switzer anticipates that the bank will post earnings of $5.05 per share for the year. The consensus estimate for Bancorp’s current full-year earnings is $5.31 per share.

Several other brokerages have also weighed in on TBBK. William Blair set a $60.00 price objective on shares of Bancorp in a report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Bancorp in a research report on Tuesday, January 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $57.00 price target on shares of Bancorp in a research note on Wednesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bancorp in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.20.

Bancorp Stock Up 2.5%

Shares of NASDAQ:TBBK opened at $71.29 on Friday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 14.88 and a beta of 1.27. Bancorp has a 1 year low of $40.51 and a 1 year high of $81.65. The business’s 50-day moving average is $67.14 and its 200-day moving average is $69.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.89.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, October 30th. The bank reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). Bancorp had a net margin of 26.15% and a return on equity of 27.97%. The business had revenue of $134.82 million during the quarter, compared to analyst estimates of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS.

Insider Buying and Selling at Bancorp

In other Bancorp news, CFO Dominic C. Canuso bought 1,800 shares of Bancorp stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of $61.24 per share, with a total value of $110,232.00. Following the completion of the acquisition, the chief financial officer directly owned 3,500 shares in the company, valued at approximately $214,340. The trade was a 105.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC increased its position in shares of Bancorp by 213.6% during the 3rd quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock valued at $26,000 after purchasing an additional 235 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Bancorp by 78.6% in the 3rd quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock worth $30,000 after buying an additional 176 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Bancorp by 732.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock valued at $56,000 after buying an additional 659 shares during the period. IFP Advisors Inc purchased a new stake in Bancorp during the third quarter worth about $66,000. Finally, Lazard Asset Management LLC purchased a new stake in Bancorp during the second quarter worth about $53,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

About Bancorp

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.