Bancorp (NASDAQ:TBBK) Rating Lowered to C+ at TheStreet

TheStreet lowered shares of Bancorp (NASDAQ:TBBKGet Rating) from a b rating to a c+ rating in a research note published on Monday, TheStreetRatingsTable reports.

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.

Bancorp (NASDAQ:TBBKGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. Bancorp had a return on equity of 17.63% and a net margin of 34.36%. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Analysts predict that Bancorp will post 2.28 earnings per share for the current fiscal year.

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.

About Bancorp

(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.

Featured Stories

Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.