BidaskClub Lowers Bancorp (NASDAQ:TBBK) to Strong Sell

BidaskClub lowered shares of Bancorp (NASDAQ:TBBK) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the stock. TheStreet raised shares of Bancorp from a c rating to a b rating in a report on Monday, June 3rd. Zacks Investment Research raised shares of Bancorp from a sell rating to a hold rating in a report on Tuesday, April 2nd. Finally, ValuEngine cut shares of Bancorp from a hold rating to a sell rating in a report on Monday, June 3rd.

Shares of TBBK stock opened at $8.96 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. Bancorp has a 1 year low of $7.64 and a 1 year high of $11.48. The firm has a market cap of $508.21 million, a price-to-earnings ratio of 11.84 and a beta of 1.34.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, April 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Bancorp had a net margin of 29.70% and a return on equity of 10.97%. The business had revenue of $64.38 million for the quarter, compared to analysts’ expectations of $60.19 million. As a group, sell-side analysts expect that Bancorp will post 0.95 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Strs Ohio bought a new position in shares of Bancorp in the fourth quarter worth $182,000. Rhumbline Advisers increased its holdings in shares of Bancorp by 43.1% in the fourth quarter. Rhumbline Advisers now owns 70,960 shares of the bank’s stock worth $565,000 after purchasing an additional 21,383 shares during the period. Dupont Capital Management Corp bought a new position in shares of Bancorp in the fourth quarter worth $348,000. Hartford Investment Management Co. bought a new position in shares of Bancorp in the fourth quarter worth $269,000. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of Bancorp by 21.8% in the fourth quarter. Virginia Retirement Systems ET AL now owns 43,000 shares of the bank’s stock worth $342,000 after purchasing an additional 7,700 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

About Bancorp

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, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

Featured Story: How do buyers and sellers choose a strike price?

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.