Bancorp (NASDAQ:TBBK) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Bancorp (NASDAQ:TBBK) from a strong-buy rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing. “

A number of other brokerages also recently issued reports on TBBK. TheStreet downgraded shares of Viavi Solutions from a b- rating to a c+ rating in a report on Monday, June 3rd. ValuEngine downgraded shares of Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. Finally, BidaskClub downgraded shares of Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th.

Shares of NASDAQ TBBK opened at $9.35 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.70. The company has a market cap of $511.60 million, a P/E ratio of 13.55 and a beta of 1.31. The company has a fifty day moving average of $9.05. Bancorp has a 52-week low of $7.64 and a 52-week high of $11.02.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $64.38 million for the quarter, compared to the consensus estimate of $60.19 million. Bancorp had a net margin of 29.70% and a return on equity of 10.97%. As a group, equities analysts anticipate that Bancorp will post 0.95 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Frontier Capital Management Co. LLC increased its holdings in shares of Bancorp by 1.8% in the 1st quarter. Frontier Capital Management Co. LLC now owns 4,334,681 shares of the bank’s stock worth $35,024,000 after buying an additional 76,262 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bancorp by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,711,755 shares of the bank’s stock worth $29,546,000 after buying an additional 112,103 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Bancorp by 2.0% in the 4th quarter. BlackRock Inc. now owns 3,684,587 shares of the bank’s stock worth $29,329,000 after buying an additional 71,966 shares during the last quarter. Nantahala Capital Management LLC increased its holdings in shares of Bancorp by 1.6% in the 4th quarter. Nantahala Capital Management LLC now owns 2,467,817 shares of the bank’s stock worth $19,644,000 after buying an additional 38,678 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA increased its holdings in shares of Bancorp by 6.7% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 1,470,729 shares of the bank’s stock worth $11,883,000 after buying an additional 92,236 shares during the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

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