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 research note issued on Monday.

TBBK has been the subject of several other research reports. Keefe, Bruyette & Woods lowered 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. Raymond James upped their price objective on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 29th.

Bancorp Trading Down 3.8 %

Shares of Bancorp stock opened at $29.94 on Monday. The firm has a 50-day moving average of $35.49 and a 200-day moving average of $37.95. The stock has a market cap of $1.56 billion, a PE ratio of 8.14 and a beta of 1.45. Bancorp has a 52-week low of $28.04 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02.

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

Insider Activity at Bancorp

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC bought a new position in Bancorp in the 3rd quarter worth about $34,000. Harvest Fund Management Co. Ltd bought a new position in Bancorp in the 3rd quarter worth about $88,000. Skandinaviska Enskilda Banken AB publ bought a new position in Bancorp in the 3rd quarter worth about $103,000. Quest Partners LLC bought a new position in Bancorp in the 4th quarter worth about $115,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Bancorp in the 3rd quarter worth about $157,000. 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.