Bancorp (NASDAQ:TBBK) Stock, Quote.Headers.trade-ideas

Bancorp

The Bancorp Inc is a financial holding company, through its subsidiary it is engaged in specialty lending namely securities-backed lines of credit, vehicle fleet and another equipment leasing, Small Business Administration lending, insurance policy cash value-backed lines of credit and commercial mortgage-backed loans, generated for sale into commercial mortgage-backed securities markets through securitizations. The company deposits and non-interest income are generated in the payments business which consists of issuing, acquiring, and automated clearing house accounts.

The Bancorp

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TBBK

Bank First Corporation (NASDAQ: BFC) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.

Bank First Corporation Tops Q2 Earnings and Revenue Estimates

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U.S. stocks traded mixed, with the Dow Jones gaining around 80 points on Friday.

Booz Allen Hamilton Posts Upbeat Results, Joins AppFolio, Gentex And Other Big Stocks Moving Higher On Friday

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U.S. stocks closed slightly lower on Friday, but the S&amp;P 500 closed out last year with a gain of 24.2%. The Dow closed the year with a 13.7% gain, while the Nasdaq Composite surged 43.4% to record its best year since 2020.

This Analyst With 84% Accuracy Rate Sees Around 13% Upside In Darden Restaurants - Here Are 5 Stock Picks For 2023 From Wall Street&#39;s Most Accurate Analysts

The Bancorp Inc

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Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) with a Outperform and raises the price target from $46 to $55.

Reiteration

Keefe, Bruyette & Woods Reiterates Outperform on Bancorp, Raises Price Target to $55

Piper Sandler analyst Frank Schiraldi maintains Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) with a Overweight and raises the price target from $55 to $60.

Piper Sandler Maintains Overweight on Bancorp, Raises Price Target to $60

Guidance

The Bancorp Raises 2024 EPS Guidance From $4.25 To $4.35 vs $4.46 Est.

Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) reported quarterly earnings of $1.07 per share which met the analyst consensus estimate. This is a 20.22 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $93.80 million which missed the analyst consensus estimate of $96.41 million by 2.71 percent. This is a 7.57 percent increase over sales of $87.19 million the same period last year.

Earnings Misses

Bancorp Q2 Adj $1.07, Inline, Sales $93.80M Miss $96.41M Estimate

Bancorp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NYSE">TBBK</a>) short percent of float has risen 4.16% since its last report. The company recently reported that it has 6.40 million shares sold short, which is 15.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Bancorp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721755817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bancorp has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Bancorp's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Bancorp's peer group average for short interest as a percentage of float is 4.45%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Bancorp?

Bank First Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfc#NASDAQ">BFC</a>) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this company would post earnings of $1.49 per share when it actually produced earnings of $1.51, delivering a surprise of 1.34%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Bank First Corporation, which belongs to the Zacks Banks - Northeast industry, posted revenues of $38.88 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.48%. This compares to year-ago revenues of $38.34 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Bank First Corporation shares have added about 1.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 18.1%.
What&#39;s Next for Bank First Corporation?
While Bank First Corporation has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Bank First Corporation: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.49 on $39.4 million in revenues for the coming quarter and $5.86 on $154.6 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbbk#NASDAQ">TBBK</a>), another stock in the same industry, has yet to report results for the quarter ended June 2024. The results are expected to be released on July 25.
This holding company for The Bancorp Bank is expected to post quarterly earnings of $1.10 per share in its upcoming report, which represents a year-over-year change of +23.6%. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level.
The Bancorp&#39;s revenues are expected to be $127.45 million, up 9.4% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2302942/bank-first-corporation-bfc-tops-q2-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2302942">To read this article on Zacks.com click here.</a>

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Shares of banking stocks are trading higher amid sympathy with Bank of America after the company reported better-than-expected Q2 financial results.

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Shares of several banks are trading higher amid continued volatility following earning reports from several companies within the sector reported last last week.

Piper Sandler analyst Frank Schiraldi reiterates Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) with a Overweight and maintains $55 price target.

Piper Sandler Reiterates Overweight on Bancorp, Maintains $55 Price Target

Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) reported quarterly earnings of $1.06 per share which met the analyst consensus estimate. This is a 20.45 percent increase over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $94.418 million which missed the analyst consensus estimate of $116.507 million by 18.96 percent. This is a 10.02 percent increase over sales of $85.816 million the same period last year.

Bancorp Q1 2024 GAAP EPS $1.06, Inline, Sales $94.418M Miss $116.507M Estimate

Keefe, Bruyette &amp; Woods analyst Timothy Switzer maintains Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) with a Outperform and lowers the price target from $52 to $46.

Keefe, Bruyette & Woods Maintains Outperform on Bancorp, Lowers Price Target to $46

<a href="https://img1.wsimg.com/blobby/go/cc91fda7-4669-4d1b-81ce-a0b8d77f25ab/downloads/Culper_TBBK_3-21-2024.pdf?ver=1711029116602" title="https://img1.wsimg.com/blobby/go/cc91fda7-4669-4d1b-81ce-a0b8d77f25ab/downloads/Culper_TBBK_3-21-2024.pdf?ver=1711029116602">https://img1.wsimg.com/blobby/go/cc91fda7-4669-4d1b-81ce-a0b8d77f25ab/downloads/Culper_TBBK_3-21-2024.pdf?ver=1711029116602</a>

Watching The Bancorp; Shares Move Lower As Culper Research Issues Report On The Co Titled "The Bancorp Inc (NASDAQ:TBBK): Bridge To Nowhere"

Keefe, Bruyette &amp; Woods analyst Timothy Switzer maintains Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) with a Outperform and lowers the price target from $55 to $52.

Keefe, Bruyette & Woods Maintains Outperform on Bancorp, Lowers Price Target to $52

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Shares of bank stocks are trading lower amid overall market weakness after the Federal Reserve left rates unchanged.

Raymond James analyst David Feaster maintains Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) with a Outperform and raises the price target from $42 to $50.

Raymond James Maintains Outperform on Bancorp, Raises Price Target to $50

U.S. stocks traded mixed, with the Dow Jones gaining around 80 points on Friday.
Shares of Booz Allen Hamilton Holding Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bah#NYSE">BAH</a>) rose sharply during Friday&rsquo;s session after the company reported better-than-expected third-quarter financial results, increased its quarterly dividend and <a href="https://www.benzinga.com/quote/BAH/earnings">raised FY24 guidance</a>.
Booz Allen Hamilton posted adjusted earnings of $1.41 per share, beating market estimates of $1.14 per share. The company&rsquo;s quarterly sales came in at $2.57 billion versus expectations of $2.54 billion, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Booz Allen Hamilton shares jumped 13.2% to $145.90 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>AppFolio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) surged 25.7% to $219.23 after the company reported better-than-expected fourth-quarter financial results and issued guidance.</li>
<li>Vera Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vera#NASDAQ">VERA</a>) gained 20.6% to $30.54. Raymond James analyst Steven Seedhouse upgraded Vera Therapeutics from Outperform to Strong Buy and raised the price target from $29 to $37.</li>
<li>eHealth, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ehth#NASDAQ">EHTH</a>) jumped 19.8% to $6.70 after the company announced preliminary results for the fourth quarter.</li>
<li>Tellurian Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tell#NASDAQ">TELL</a>) shares rose 16.6% to $0.6067 following a report suggesting the company hired Lazard to explore a possible sale.</li>
<li>Cipher Mining Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cifr#NASDAQ">CIFR</a>) climbed 11.8% to $2.64.</li>
<li>Lumen Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lumn#NASDAQ">LUMN</a>) gained 11.2% to $1.5350 after the company announced that it entered into an amended and rested transaction support agreement with a group of creditors.</li>
<li>ESSA Pharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/epix#NASDAQ">EPIX</a>) gained 11% to $7.55.</li>
<li>Mereo BioPharma Group plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mreo#NASDAQ">MREO</a>) rose 10.5% to $4.0207.</li>
<li>Freedom Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frhc#NASDAQ">FRHC</a>) gained 8.5% to $84.98 after the company announced the conclusion of an external review of allegations made in a short-seller report.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) climbed 7.8% to $7.88.</li>
<li>Repligen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgen#NASDAQ">RGEN</a>) rose 7.3% to $199.07.</li>
<li>American Express Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axp#NYSE">AXP</a>) climbed 7.2% to $201.61 after the company posted quarterly results and plans to increase the regular quarterly dividend by 17%.</li>
<li>Avid Bioservices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdmo#NASDAQ">CDMO</a>) rose 7.2% to $7.42.</li>
<li>First Financial Bankshares, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffin#NASDAQ">FFIN</a>) rose 6.9% to $32.29 after the company reported fourth-quarter financial results.</li>
<li>The Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbbk#NASDAQ">TBBK</a>) climbed 6.6% to $43.18 after the company reported better-than-expected fourth-quarter sales results.</li>
<li>Gentex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gntx#NASDAQ">GNTX</a>) surged 6% to $33.74 after the company reported better-than-expected fourth-quarter financial results and issued guidance.</li>
<li>Olin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oln#NYSE">OLN</a>) gained 6% to $54.89 following strong results.</li>
<li>Avantor, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avtr#NYSE">AVTR</a>) rose 5.2% to $23.07 after Raymond James maintained an Outperform rating on the stock and raised its price target from $22.5 to $26.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36796404/how-to-earn-500-a-month-from-pfizer-stock-ahead-of-q4-earnings-print"> How To Earn $500 A Month From Pfizer Stock Ahead Of Q4 Earnings Print </a>

The Bancorp shares are trading higher after the company reported better-than-expected Q4 sales results.

Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Bancorp reported in-line EPS of $0.95 versus an estimate of $0.95.
Revenue was up $15.40 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.01 which was followed by a 5.39% increase in the share price the next day.
Here's a look at Bancorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.93</td>
<td>0.88</td>
<td>0.76</td>
<td>0.70</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.92</td>
<td>0.89</td>
<td>0.88</td>
<td>0.71</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>90.15M</td>
<td>87.09M</td>
<td>79.26M</td>
<td>72.72M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>88.88M</td>
<td>87.19M</td>
<td>85.82M</td>
<td>76.76M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Bancorp <a href="https://www.benzinga.com/quote/TBBK/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Bancorp Q4 Earnings

Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) reported quarterly earnings of $0.95 per share which met the analyst consensus estimate. This is a 33.8 percent increase over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $92.16 million which beat the analyst consensus estimate of $90.65 million by 1.66 percent. This is a 20.06 percent increase over sales of $76.76 million the same period last year.

Bancorp Q4 Adj EPS $0.95, Inline, Sales $92.16M Beat $90.65M Estimate

Piper Sandler analyst Frank Schiraldi maintained a Buy rating on Bancorp (TBBK – Research Report) today and set a price target of $55.00. The compa...

Bancorp (TBBK) Receives a Buy from Piper Sandler

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The Bancorp, Inc. (TBBK) Q2 2024 Earnings Call Transcript

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Bancorp (TBBK) has shared an update. The Bancorp, Inc. announced the appointment of Todd J. Brockman to its Board of Directors, effective October 1...

Bancorp Appoints FinTech Expert Todd Brockman to Board

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Legal

Press Releases

Lowey Dannenberg, P.C. is Investigating The Bancorp, Inc. ("TBBK" or the "Company") (NASDAQ:TBBK) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the Firm

The Bancorp Welcomes Mark Tryniski to Its Board of Directors

Breakthrough T1D Proudly Announces the Appointment of New Global Mission Board Chair

The Bancorp, Inc. Sets Second Quarter 2024 Financial Results Release Date and Conference Call

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Bancorp (TBBK) Forecast

Bancorp (NASDAQ:TBBK) Stock, Quote.Headers.trade-ideas