Bancorp (NASDAQ:TBBK) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Bancorp (NASDAQ:TBBK) from a sell rating to a hold rating in a research report released on Monday morning.

Several other equities research analysts also recently weighed in on the company. Raymond James increased their price target on Bancorp from $42.00 to $50.00 and gave the stock an outperform rating in a report on Monday, January 29th. Keefe, Bruyette & Woods reduced their price target on Bancorp from $52.00 to $46.00 and set an outperform rating on the stock in a report on Friday, April 5th.

Bancorp Trading Up 1.0 %

Shares of NASDAQ TBBK opened at $31.11 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02. The business’s 50 day moving average price is $35.76 and its 200-day moving average price is $37.97. Bancorp has a fifty-two week low of $28.04 and a fifty-two week high of $47.11. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 8.45 and a beta of 1.45.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same period in the prior year, the business earned $0.88 EPS. On average, sell-side analysts expect that Bancorp will post 4.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Stephanie B. Mudick acquired 2,000 shares of Bancorp stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the acquisition, the director now directly owns 31,584 shares of the company’s stock, valued at approximately $1,172,082.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Matthew Cohn acquired 2,485 shares of Bancorp stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the acquisition, the director now directly owns 157,627 shares of the company’s stock, valued at approximately $5,392,419.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephanie B. Mudick purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $37.11 per share, for a total transaction of $74,220.00. Following the completion of the acquisition, the director now directly owns 31,584 shares in the company, valued at approximately $1,172,082.24. The disclosure for this purchase can be found here. Insiders have bought 7,800 shares of company stock worth $308,838 in the last ninety days. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of Bancorp by 3.3% in the 3rd quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock valued at $168,355,000 after acquiring an additional 157,987 shares during the period. Brown Advisory Inc. increased its holdings in shares of Bancorp by 6.7% in the 4th quarter. Brown Advisory Inc. now owns 1,542,256 shares of the bank’s stock valued at $59,469,000 after acquiring an additional 96,551 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Bancorp by 21.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,036,922 shares of the bank’s stock valued at $39,984,000 after acquiring an additional 184,647 shares during the period. American Century Companies Inc. increased its holdings in shares of Bancorp by 21.9% in the 3rd quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock valued at $33,824,000 after acquiring an additional 175,854 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Bancorp by 80.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock valued at $25,032,000 after acquiring an additional 323,986 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.