Bancorp Inc (NASDAQ:TBBK) Director Hersh Kozlov sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $10.59, for a total transaction of $52,950.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Bancorp Inc (TBBK) opened at $10.75 on Friday. The stock has a market cap of $597.70, a PE ratio of 24.32 and a beta of 1.23. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. Bancorp Inc has a twelve month low of $4.41 and a twelve month high of $11.28.
TBBK has been the subject of several research reports. Zacks Investment Research upgraded shares of Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, November 1st. Sandler O’Neill restated a “hold” rating and issued a $11.00 target price on shares of Bancorp in a report on Friday, January 12th. Raymond James Financial upgraded shares of Bancorp from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $11.00 to $13.00 in a report on Friday, January 26th. Piper Jaffray Companies restated a “hold” rating and issued a $9.00 target price on shares of Bancorp in a report on Friday, November 10th. Finally, BidaskClub lowered shares of Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.40.
Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Bancorp in the 3rd quarter worth about $103,000. CAPROCK Group Inc. bought a new stake in shares of Bancorp in the 3rd quarter worth about $106,000. Teacher Retirement System of Texas bought a new stake in shares of Bancorp in the 4th quarter worth about $191,000. Trexquant Investment LP bought a new stake in shares of Bancorp in the 3rd quarter worth about $162,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Bancorp in the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 74.43% of the company’s stock.
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The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).
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