Keefe, Bruyette & Woods Issues Pessimistic Forecast for Bancorp (NASDAQ:TBBK) Stock Price

Bancorp (NASDAQ:TBBK) had its price target lowered by research analysts at Keefe, Bruyette & Woods from $72.00 to $70.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 43.59% from the company’s current price.

TBBK has been the topic of several other reports. Raymond James reiterated an “outperform” rating and set a $67.00 price target (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 6th.

Bancorp Price Performance

Shares of TBBK opened at $48.75 on Monday. Bancorp has a one year low of $29.92 and a one year high of $65.84. The stock’s fifty day moving average is $50.21 and its 200-day moving average is $53.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 11.34 and a beta of 1.26.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). The company had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. Equities analysts anticipate that Bancorp will post 5.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in shares of Bancorp by 191.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after acquiring an additional 489 shares during the last quarter. R Squared Ltd purchased a new position in Bancorp in the 4th quarter worth about $45,000. GAMMA Investing LLC boosted its holdings in shares of Bancorp by 45.2% in the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock worth $77,000 after buying an additional 456 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Bancorp by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock valued at $79,000 after acquiring an additional 424 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Bancorp by 40.9% in the fourth quarter. KBC Group NV now owns 2,137 shares of the bank’s stock valued at $112,000 after purchasing an additional 620 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

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.