Bancorp (NASDAQ:TBBK) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, October 29th.
Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Zacks Investment Research raised Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, TheStreet cut Bancorp from a “b” rating to a “c” rating in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a strong buy rating to the company’s stock. Bancorp has a consensus rating of “Buy” and a consensus target price of $11.67.
Shares of Bancorp stock opened at $10.45 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. Bancorp has a 52 week low of $8.64 and a 52 week high of $12.00. The company has a market capitalization of $593.81 million, a price-to-earnings ratio of 20.49 and a beta of 0.98.
Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, October 25th. The bank reported ($0.14) EPS for the quarter, missing the Zacks’ 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. As a group, research analysts predict that Bancorp will post 0.78 EPS for the current year.
In related news, Director Daniel G. Cohen sold 25,000 shares of Bancorp stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this hyperlink. 11.10% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of TBBK. Bailard Inc. raised its position in Bancorp by 10.2% during the 3rd quarter. Bailard Inc. now owns 70,500 shares of the bank’s stock valued at $676,000 after purchasing an additional 6,500 shares during the last quarter. Renaissance Technologies LLC raised its position in Bancorp by 50.2% during the 3rd quarter. Renaissance Technologies LLC now owns 537,400 shares of the bank’s stock valued at $5,154,000 after purchasing an additional 179,700 shares during the last quarter. Citadel Advisors LLC raised its position in Bancorp by 19.0% during the 3rd quarter. Citadel Advisors LLC now owns 155,866 shares of the bank’s stock valued at $1,495,000 after purchasing an additional 24,936 shares during the last quarter. Bridgeway Capital Management Inc. bought a new position in Bancorp during the 3rd quarter valued at approximately $2,937,000. Finally, Dimensional Fund Advisors LP raised its position in Bancorp by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,599,652 shares of the bank’s stock valued at $34,521,000 after purchasing an additional 151,079 shares during the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.
Bancorp Company Profile
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.
See Also: Swap
To view ValuEngine’s full report, visit ValuEngine’s official website.