StockNews.com Upgrades Bancorp (NASDAQ:TBBK) to Hold

Bancorp (NASDAQ:TBBK) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

A number of other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods dropped their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, April 5th. Raymond James upped their price target on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 29th.

Bancorp Stock Performance

NASDAQ TBBK opened at $29.94 on Monday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 8.14 and a beta of 1.45. Bancorp has a twelve month low of $28.04 and a twelve month high of $47.11. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $35.49 and a 200 day moving average of $37.95.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Friday, April 26th. The bank reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same quarter in the previous year, the company earned $0.88 earnings per share. Sell-side analysts anticipate that Bancorp will post 4.25 EPS for the current fiscal year.

Insider Activity

In other Bancorp news, Director Stephanie B. Mudick purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the completion of the purchase, the director now directly owns 31,584 shares in the company, valued at $1,172,082.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Stephanie B. Mudick acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, with a total value of $74,220.00. Following the completion of the acquisition, the director now owns 31,584 shares in the company, valued at approximately $1,172,082.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Cohn acquired 2,485 shares of the company’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the acquisition, the director now owns 157,627 shares of the company’s stock, valued at approximately $5,392,419.67. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Carmel Capital Partners LLC purchased a new stake in Bancorp in the 3rd quarter valued at approximately $34,000. Harvest Fund Management Co. Ltd purchased a new stake in Bancorp in the 3rd quarter valued at approximately $88,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Bancorp in the 3rd quarter valued at approximately $103,000. Quest Partners LLC purchased a new stake in Bancorp in the 4th quarter valued at approximately $115,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Bancorp in the 3rd quarter valued at approximately $157,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Company Profile

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.