BidaskClub upgraded shares of Bancorp (NASDAQ:TBBK) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
TBBK has been the topic of several other reports. Zacks Investment Research downgraded Bancorp from a buy rating to a hold rating in a research report on Tuesday, July 10th. ValuEngine raised Bancorp from a sell rating to a hold rating in a research report on Monday, October 29th. Finally, TheStreet downgraded Bancorp from a b rating to a c rating in a research report on Thursday, August 30th. Four analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $11.00.
NASDAQ TBBK opened at $10.35 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.51 and a current ratio of 0.63. Bancorp has a 1 year low of $8.51 and a 1 year high of $12.00. The firm has a market capitalization of $564.46 million, a P/E ratio of 20.29 and a beta of 1.19.
Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 25th. The bank reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.31). Bancorp had a net margin of 6.61% and a return on equity of 11.88%. The firm had revenue of $121.60 million during the quarter, compared to analyst estimates of $120.75 million. On average, analysts expect that Bancorp will post 0.74 earnings per share for the current fiscal year.
In other Bancorp news, Director Daniel G. Cohen sold 25,000 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $9.63, for a total transaction of $240,750.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel G. Cohen sold 140,000 shares of the stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $9.83, for a total value of $1,376,200.00. The disclosure for this sale can be found here. 11.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. grew its position in Bancorp by 0.9% during the 3rd quarter. American Century Companies Inc. now owns 597,441 shares of the bank’s stock worth $5,729,000 after purchasing an additional 5,472 shares during the period. Wells Fargo & Company MN grew its position in Bancorp by 8.1% during the 3rd quarter. Wells Fargo & Company MN now owns 2,040,005 shares of the bank’s stock worth $19,563,000 after purchasing an additional 152,896 shares during the period. Frontier Capital Management Co. LLC grew its position in Bancorp by 22.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 4,258,794 shares of the bank’s stock worth $40,842,000 after purchasing an additional 769,978 shares during the period. Anderson Hoagland & Co. grew its position in Bancorp by 313.6% during the 3rd quarter. Anderson Hoagland & Co. now owns 105,494 shares of the bank’s stock worth $1,058,000 after purchasing an additional 79,988 shares during the period. Finally, Eidelman Virant Capital grew its position in Bancorp by 316.7% during the 3rd quarter. Eidelman Virant Capital now owns 100,000 shares of the bank’s stock worth $959,000 after purchasing an additional 76,000 shares during the period. 80.11% of the stock is currently 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 prepaid and debit cards.
Recommended Story: Return on Investment (ROI) Defined, Explained
Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.