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

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $61.50.

A number of research analysts have weighed in on TBBK shares. Wall Street Zen raised Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Keefe, Bruyette & Woods upgraded Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the company from $72.00 to $77.00 in a research report on Thursday, July 9th. Zacks Research raised shares of Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Weiss Ratings upgraded shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th.

Insider Activity at Bancorp

In other news, CMO Maria Wainwright sold 8,400 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were 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 directly owned 24,942 shares in the company, valued at $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 available at this link. Also, EVP Erika R. Caesar sold 4,470 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.28, for a total transaction of $269,451.60. Following the completion of the transaction, the executive vice president directly owned 32,880 shares in the company, valued at approximately $1,982,006.40. The trade was a 11.97% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in Bancorp by 3.7% during the second quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank’s stock valued at $318,000 after buying an additional 197 shares during the period. California State Teachers Retirement System increased its stake in Bancorp by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 42,929 shares of the bank’s stock worth $2,446,000 after acquiring an additional 253 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Bancorp by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,856 shares of the bank’s stock valued at $368,000 after acquiring an additional 267 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Bancorp by 1.1% in the 4th quarter. Cerity Partners LLC now owns 27,518 shares of the bank’s stock valued at $1,858,000 after acquiring an additional 309 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Bancorp during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Price Performance

Bancorp stock opened at $69.38 on Friday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 13.50 and a beta of 1.19. Bancorp has a one year low of $50.20 and a one year high of $81.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88. The business has a fifty day moving average price of $58.37 and a 200-day moving average price of $59.46.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $189.17 million. As a group, equities research analysts forecast that Bancorp will post 5.95 EPS for the current year.

Bancorp Company Profile

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.