The Bancorp, Inc. (NASDAQ:TBBK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The Bancorp, Inc. (NASDAQ:TBBK) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $58.20.

A number of research analysts recently commented on the company. Wolfe Research set a $57.00 price objective on Bancorp in a research note on Monday, February 9th. Zacks Research lowered shares of Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Bank of America set a $60.00 price objective on shares of Bancorp in a research report on Wednesday, January 21st. Raymond James Financial restated a “strong-buy” rating on shares of Bancorp in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bancorp in a research note on Monday, December 29th.

Insider Buying and Selling at Bancorp

In other Bancorp news, Director Mark E. Tryniski purchased 5,000 shares of Bancorp stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of $60.23 per share, for a total transaction of $301,150.00. Following the transaction, the director owned 18,966 shares of the company’s stock, valued at $1,142,322.18. The trade was a 35.80% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dominic C. Canuso purchased 2,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average cost of $60.54 per share, for a total transaction of $121,080.00. Following the completion of the acquisition, the chief financial officer directly owned 16,169 shares of the company’s stock, valued at approximately $978,871.26. This trade represents a 14.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 9,080 shares of company stock valued at $548,933 in the last quarter. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in TBBK. Royal Bank of Canada boosted its holdings in shares of Bancorp by 98.2% in the first quarter. Royal Bank of Canada now owns 76,696 shares of the bank’s stock valued at $4,052,000 after acquiring an additional 37,993 shares in the last quarter. AQR Capital Management LLC boosted its stake in Bancorp by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 16,734 shares of the bank’s stock valued at $884,000 after purchasing an additional 2,296 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bancorp by 1.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,183 shares of the bank’s stock valued at $1,436,000 after purchasing an additional 518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Bancorp by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,523 shares of the bank’s stock valued at $7,795,000 after purchasing an additional 8,454 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Bancorp by 145.8% in the 1st quarter. Jane Street Group LLC now owns 128,173 shares of the bank’s stock worth $6,773,000 after buying an additional 76,027 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.

Bancorp Price Performance

Shares of NASDAQ:TBBK opened at $55.03 on Tuesday. The company has a market cap of $2.42 billion, a PE ratio of 11.18 and a beta of 1.31. Bancorp has a fifty-two week low of $40.51 and a fifty-two week high of $81.65. The firm has a 50-day simple moving average of $65.66 and a 200 day simple moving average of $69.06. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 29th. The bank reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.18). The company had revenue of $132.21 million during the quarter, compared to analyst estimates of $101.10 million. Bancorp had a net margin of 26.15% and a return on equity of 28.91%. On average, sell-side analysts anticipate that Bancorp will post 5.31 EPS for the current year.

Bancorp Company Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.