Bancorp (NASDAQ:TBBK) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Bancorp (NASDAQ:TBBK) from a hold rating to a sell rating in a report released on Friday morning.

A number of other equities analysts have also recently weighed in on TBBK. Raymond James upped their price target on Bancorp from $42.00 to $50.00 and gave the stock an outperform rating in a report on Monday, January 29th. Keefe, Bruyette & Woods reduced their target price on Bancorp from $52.00 to $46.00 and set an outperform rating for the company in a research note on Friday, April 5th. Finally, Piper Sandler upped their price target on Bancorp from $49.00 to $51.00 and gave the company an overweight rating in a research report on Thursday, December 21st.

Bancorp Stock Up 2.3 %

Shares of NASDAQ:TBBK opened at $33.94 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.01. Bancorp has a 1 year low of $25.97 and a 1 year high of $47.11. The stock has a market capitalization of $1.77 billion, a P/E ratio of 9.70 and a beta of 1.45. The stock has a 50-day simple moving average of $37.03 and a 200-day simple moving average of $37.98.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 25th. The bank reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The business had revenue of $119.15 million during the quarter, compared to analysts’ expectations of $118.52 million. Bancorp had a return on equity of 26.16% and a net margin of 30.94%. Equities analysts forecast that Bancorp will post 4.42 earnings per share for the current year.

Insider Buying and Selling at Bancorp

In related news, Director Matthew Cohn acquired 2,485 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the completion of the purchase, the director now directly owns 157,627 shares in the company, valued at $5,392,419.67. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Matthew Cohn acquired 2,485 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the completion of the purchase, the director now directly owns 157,627 shares in the company, valued at $5,392,419.67. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephanie B. Mudick acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, for a total transaction of $74,220.00. Following the completion of the purchase, the director now owns 31,584 shares of the company’s stock, valued at $1,172,082.24. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,800 shares of company stock worth $308,838. 4.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its holdings in Bancorp by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 20,853 shares of the bank’s stock worth $804,000 after acquiring an additional 269 shares during the period. California State Teachers Retirement System increased its stake in Bancorp by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 64,885 shares of the bank’s stock worth $2,118,000 after purchasing an additional 313 shares in the last quarter. Yousif Capital Management LLC increased its stake in Bancorp by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 28,396 shares of the bank’s stock worth $1,095,000 after purchasing an additional 319 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Bancorp by 28.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,547 shares of the bank’s stock worth $44,000 after purchasing an additional 339 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in Bancorp by 1.3% in the 4th quarter. Natixis Advisors L.P. now owns 33,390 shares of the bank’s stock worth $1,287,000 after purchasing an additional 418 shares in the last quarter. 96.22% of the stock is owned by institutional investors and hedge funds.

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.