The Bancorp, Inc. (NASDAQ:TBBK) Short Interest Update

The Bancorp, Inc. (NASDAQ:TBBKGet Rating) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 1,060,000 shares, a decrease of 15.2% from the April 30th total of 1,250,000 shares. Based on an average daily volume of 377,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.1% of the company’s shares are sold short.

Shares of TBBK opened at $20.83 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.78 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.18 billion, a P/E ratio of 10.74 and a beta of 1.39. The stock’s fifty day simple moving average is $23.60 and its 200 day simple moving average is $26.61. Bancorp has a twelve month low of $18.02 and a twelve month high of $33.36.

Bancorp (NASDAQ:TBBKGet Rating) last issued its earnings results on Thursday, April 28th. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $77.97 million during the quarter, compared to analysts’ expectations of $83.48 million. Bancorp had a return on equity of 17.70% and a net margin of 41.94%. During the same period last year, the business posted $0.44 earnings per share. Sell-side analysts predict that Bancorp will post 2.22 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in TBBK. Morgan Stanley raised its position in Bancorp by 1,912.6% in the second quarter. Morgan Stanley now owns 186,814 shares of the bank’s stock valued at $4,299,000 after purchasing an additional 177,532 shares during the period. Teacher Retirement System of Texas purchased a new position in Bancorp in the third quarter valued at about $213,000. Hsbc Holdings PLC raised its position in Bancorp by 2,686.8% in the third quarter. Hsbc Holdings PLC now owns 359,408 shares of the bank’s stock valued at $9,204,000 after purchasing an additional 346,511 shares during the period. Renaissance Technologies LLC raised its position in Bancorp by 54.3% in the third quarter. Renaissance Technologies LLC now owns 25,300 shares of the bank’s stock valued at $644,000 after purchasing an additional 8,900 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in Bancorp by 47.4% in the third quarter. Ensign Peak Advisors Inc now owns 31,400 shares of the bank’s stock valued at $799,000 after purchasing an additional 10,100 shares during the period. 92.96% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on TBBK. Zacks Investment Research lowered Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. StockNews.com assumed coverage on Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Bancorp Company Profile (Get Rating)

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, and commercial accounts; and prepaid and debit cards.

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