Bancorp (NASDAQ:TBBK) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, October 29th.
TBBK has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. BidaskClub downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Finally, TheStreet downgraded shares of Bancorp from a “b” rating to a “c” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $11.67.
Bancorp stock traded up $0.11 during midday trading on Monday, reaching $9.90. The company’s stock had a trading volume of 79,186 shares, compared to its average volume of 161,254. The stock has a market cap of $552.61 million, a PE ratio of 19.41 and a beta of 0.98. Bancorp has a 52 week low of $8.64 and a 52 week high of $12.00. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 0.14.
Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.90. Bancorp had a net margin of 23.24% and a return on equity of 11.34%. The company had revenue of $121.60 million for the quarter, compared to analyst estimates of $120.75 million. As a group, analysts expect that Bancorp will post 0.78 earnings per share for the current year.
In other Bancorp news, Director Daniel G. Cohen sold 25,000 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $9.63, for a total transaction of $240,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Bancorp in the 1st quarter valued at about $120,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bancorp in the 2nd quarter valued at about $124,000. Zeke Capital Advisors LLC acquired a new position in shares of Bancorp in the 3rd quarter valued at about $143,000. Bank of Montreal Can boosted its holdings in shares of Bancorp by 427.8% in the 2nd quarter. Bank of Montreal Can now owns 14,784 shares of the bank’s stock valued at $154,000 after buying an additional 11,983 shares during the period. Finally, Raymond James & Associates acquired a new position in shares of Bancorp in the 2nd quarter valued at about $168,000. 80.96% of the stock is owned by institutional investors.
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 accounts, savings accounts, money market accounts, commercial accounts, and retirement accounts.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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