The Bancorp Inc (NASDAQ: TBBK) has reported E.P.S. of $1.05 for its second fiscal quarter (ending June 30) versus $0.89 for the same period a year ago — an increase of 18%. However, this result fell short of the consensus estimate of $1.06 by $-0.01. For the latest four quarters through June 30, E.P.S. were $3.87 compared to $3.04 a year ago — an increase of 27%.
Recent Price Action
On 7/25/24, The Bancorp Inc (NASDAQ: TBBK) stock enjoyed a large increase of 3.5%, closing at $51.30. Moreover, unusually high trading volume at 181% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 4.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, TBBK is expected to continue to be a major Value Builder.
Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Bancorp has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 38, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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