Bancorp (NASDAQ:TBBK) Upgraded at StockNews.com

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

TBBK has been the subject of several other reports. Raymond James raised their price target on Bancorp from $42.00 to $50.00 and gave the stock an outperform rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods lowered their target price on Bancorp from $52.00 to $46.00 and set an outperform rating for the company in a report on Friday, April 5th.

Bancorp Stock Performance

NASDAQ TBBK opened at $31.27 on Monday. The stock has a fifty day simple moving average of $35.24 and a 200-day simple moving average of $37.90. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.63 billion, a PE ratio of 8.50 and a beta of 1.45. Bancorp has a twelve month low of $28.04 and a twelve month high of $47.11.

Bancorp (NASDAQ:TBBK) last announced its 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 net margin of 39.94% and a return on equity of 26.32%. During the same quarter last year, the firm earned $0.88 earnings per share. Equities analysts anticipate that Bancorp will post 4.51 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carmel Capital Partners LLC purchased a new stake in shares of Bancorp during the 3rd quarter worth $34,000. Harvest Fund Management Co. Ltd purchased a new stake in Bancorp during the 3rd quarter worth about $88,000. Quest Partners LLC acquired a new position in shares of Bancorp during the 4th quarter worth about $115,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Bancorp in the 3rd quarter valued at about $103,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Bancorp in the 3rd quarter valued at about $157,000. Institutional investors and hedge funds 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.