Separately, Piper Sandler reduced their price target on Bancorp from $36.00 to $31.00 and set an overweight rating for the company in a research report on Monday, July 11th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Bancorp currently has an average rating of Buy and an average price target of $36.33.
Bancorp Stock Performance
Shares of NASDAQ TBBK opened at $22.88 on Monday. The stock has a 50 day moving average price of $23.44 and a 200 day moving average price of $23.32. Bancorp has a 52 week low of $16.59 and a 52 week high of $33.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.97. The stock has a market capitalization of $1.29 billion, a PE ratio of 11.61 and a beta of 1.45.
Institutional Trading of Bancorp
Institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new stake in Bancorp in the fourth quarter valued at approximately $1,144,000. Barclays PLC increased its stake in shares of Bancorp by 23.7% during the fourth quarter. Barclays PLC now owns 145,338 shares of the bank’s stock worth $3,678,000 after purchasing an additional 27,838 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of Bancorp by 4.8% during the first quarter. Essex Investment Management Co. LLC now owns 102,411 shares of the bank’s stock worth $2,901,000 after purchasing an additional 4,726 shares during the period. Elgethun Capital Management increased its stake in shares of Bancorp by 1.9% during the first quarter. Elgethun Capital Management now owns 165,814 shares of the bank’s stock worth $4,698,000 after purchasing an additional 3,069 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Bancorp by 6.2% during the first quarter. Mutual of America Capital Management LLC now owns 8,267 shares of the bank’s stock worth $234,000 after purchasing an additional 482 shares during the period. Institutional investors own 90.95% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Bancorp (TBBK)
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