Bancorp (NASDAQ:TBBK) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Bancorp (NASDAQ:TBBK) from a hold rating to a sell rating in a research report released on Wednesday morning.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods cut their target price on Bancorp from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Raymond James reissued an “outperform” rating and issued a $67.00 price target (up previously from $60.00) on shares of Bancorp in a research report on Monday, February 3rd.

Bancorp Price Performance

TBBK opened at $51.10 on Wednesday. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 11.88 and a beta of 1.31. Bancorp has a 1 year low of $31.34 and a 1 year high of $65.84. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $50.00 and a 200 day moving average price of $53.75.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Bancorp had a net margin of 30.97% and a return on equity of 27.33%. The firm had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Analysts forecast that Bancorp will post 5.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Bancorp

A number of institutional investors have recently modified their holdings of the company. Intech Investment Management LLC raised its position in shares of Bancorp by 22.9% in the first quarter. Intech Investment Management LLC now owns 34,667 shares of the bank’s stock valued at $1,832,000 after purchasing an additional 6,460 shares during the period. Jane Street Group LLC raised its position in shares of Bancorp by 145.8% in the first quarter. Jane Street Group LLC now owns 128,173 shares of the bank’s stock valued at $6,773,000 after purchasing an additional 76,027 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Bancorp by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,523 shares of the bank’s stock valued at $7,795,000 after purchasing an additional 8,454 shares during the period. Systematic Alpha Investments LLC bought a new position in shares of Bancorp in the first quarter valued at approximately $201,000. Finally, Siena Capital Partners GP LLC bought a new position in Bancorp during the first quarter worth $1,057,000. Institutional investors own 96.22% of the company’s stock.

About Bancorp

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.