The Bancorp, Inc. (NASDAQ:TBBK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $59.50.

Several equities analysts recently weighed in on the company. Zacks Research raised Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Weiss Ratings cut Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Wall Street Zen raised Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Piper Sandler assumed coverage on Bancorp in a research report on Thursday, March 12th. They set an “overweight” rating and a $66.00 price objective for the company.

Bancorp Price Performance

Shares of NASDAQ:TBBK opened at $62.27 on Monday. Bancorp has a fifty-two week low of $50.20 and a fifty-two week high of $81.65. The business has a 50-day moving average of $56.90 and a two-hundred day moving average of $59.88. The stock has a market capitalization of $2.59 billion, a P/E ratio of 12.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Bancorp had a return on equity of 30.56% and a net margin of 26.92%.The company had revenue of $132.50 million during the quarter, compared to analysts’ expectations of $189.17 million. On average, equities research analysts predict that Bancorp will post 5.95 EPS for the current fiscal year.

Insider Activity

In related news, CMO Maria Wainwright sold 8,400 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total transaction of $506,016.00. Following the completion of the transaction, the chief marketing officer owned 24,942 shares of the company’s stock, valued at approximately $1,502,506.08. The trade was a 25.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Erika R. Caesar sold 4,470 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.28, for a total value of $269,451.60. Following the completion of the transaction, the executive vice president directly owned 32,880 shares of the company’s stock, valued at approximately $1,982,006.40. This trade represents a 11.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bancorp

Large investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new position in Bancorp in the 4th quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. raised its holdings in Bancorp by 732.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock valued at $56,000 after acquiring an additional 659 shares in the last quarter. IFP Advisors Inc acquired a new position in Bancorp in the 3rd quarter valued at approximately $66,000. Lazard Asset Management LLC acquired a new position in Bancorp in the 2nd quarter valued at approximately $53,000. Finally, Kestra Advisory Services LLC acquired a new position in Bancorp in the 4th quarter valued at approximately $68,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

About Bancorp

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.