The Bancorp, Inc. (NASDAQ:TBBK) Given Average Recommendation of “Moderate Buy” by Analysts

The Bancorp, Inc. (NASDAQ:TBBK) has earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $59.50.

A number of research firms have recently weighed in on TBBK. Royal Bank Of Canada reissued an “outperform” rating and set a $57.00 price objective on shares of Bancorp in a research note on Wednesday, January 21st. Piper Sandler began coverage on shares of Bancorp in a report on Thursday, March 12th. They set an “overweight” rating and a $66.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Bancorp in a research report on Monday, December 29th. Zacks Research lowered shares of Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Bancorp in a research report on Tuesday, January 13th.

Insiders Place Their Bets

In other Bancorp news, EVP Ryan Harris sold 4,500 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $53.18, for a total value of $239,310.00. Following the completion of the sale, the executive vice president owned 150,516 shares in the company, valued at approximately $8,004,440.88. This trade represents a 2.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew Cohn acquired 680 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average price of $62.14 per share, for a total transaction of $42,255.20. Following the completion of the transaction, the director owned 3,655 shares in the company, valued at approximately $227,121.70. The trade was a 22.86% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 9,080 shares of company stock valued at $548,933 over the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in shares of Bancorp by 8.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the bank’s stock valued at $157,000 after acquiring an additional 169 shares in the last quarter. Bessemer Group Inc. boosted its stake in Bancorp by 78.6% in the 3rd quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock worth $30,000 after purchasing an additional 176 shares in the last quarter. Arete Wealth Advisors LLC grew its position in Bancorp by 2.0% during the 3rd quarter. Arete Wealth Advisors LLC now owns 9,551 shares of the bank’s stock valued at $715,000 after purchasing an additional 191 shares during the last quarter. Osaic Holdings Inc. grew its position in Bancorp by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank’s stock valued at $318,000 after purchasing an additional 197 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in Bancorp by 213.6% during the 3rd quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock valued at $26,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Trading Down 0.5%

NASDAQ TBBK opened at $52.61 on Friday. The firm has a market cap of $2.22 billion, a PE ratio of 10.69 and a beta of 1.31. Bancorp has a 1-year low of $40.51 and a 1-year high of $81.65. The stock has a 50-day moving average of $59.90 and a 200-day moving average of $66.95. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.18). The company had revenue of $132.21 million for the quarter, compared to the consensus estimate of $101.10 million. Bancorp had a return on equity of 28.91% and a net margin of 25.94%. As a group, sell-side analysts forecast that Bancorp will post 5.31 EPS for the current year.

Bancorp Company Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.