Bancorp (NASDAQ:TBBK) Upgraded at StockNews.com

Bancorp (NASDAQ:TBBK) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other analysts have also issued reports about the company. Raymond James lifted their target price on Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods lowered their price objective on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, April 5th.

Bancorp Stock Up 1.0 %

Bancorp stock traded up $0.31 during midday trading on Monday, hitting $31.11. 1,461,757 shares of the company were exchanged, compared to its average volume of 654,567. The company has a market cap of $1.63 billion, a PE ratio of 8.45 and a beta of 1.45. Bancorp has a fifty-two week low of $28.04 and a fifty-two week high of $47.11. The company’s fifty day moving average price is $35.76 and its 200-day moving average price is $37.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Bancorp had a net margin of 39.94% and a return on equity of 26.32%. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, research analysts predict that Bancorp will post 4.25 EPS for the current fiscal year.

Insider Buying and Selling at Bancorp

In related news, Director Stephanie B. Mudick bought 2,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $37.11 per share, with a total value of $74,220.00. Following the transaction, the director now owns 31,584 shares of the company’s stock, valued at $1,172,082.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Stephanie B. Mudick bought 2,000 shares of Bancorp stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, with a total value of $74,220.00. Following the acquisition, the director now directly owns 31,584 shares in the company, valued at approximately $1,172,082.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniela Mielke purchased 3,315 shares of the stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average price of $45.13 per share, with a total value of $149,605.95. Following the completion of the acquisition, the director now directly owns 26,715 shares in the company, valued at approximately $1,205,647.95. The disclosure for this purchase can be found here. Insiders have purchased 7,800 shares of company stock worth $308,838 in the last ninety days. 5.20% of the stock is owned by insiders.

Institutional Trading of Bancorp

Several institutional investors have recently added to or reduced their stakes in TBBK. SummerHaven Investment Management LLC raised its position in shares of Bancorp by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,853 shares of the bank’s stock worth $804,000 after purchasing an additional 269 shares during the period. Yousif Capital Management LLC increased its position in Bancorp by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 28,396 shares of the bank’s stock worth $1,095,000 after buying an additional 319 shares during the period. Natixis Advisors L.P. lifted its stake in Bancorp by 1.3% in the fourth quarter. Natixis Advisors L.P. now owns 33,390 shares of the bank’s stock valued at $1,287,000 after buying an additional 418 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Bancorp by 0.9% during the third quarter. Teacher Retirement System of Texas now owns 46,980 shares of the bank’s stock valued at $1,621,000 after acquiring an additional 419 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of Bancorp by 1.3% during the fourth quarter. Federated Hermes Inc. now owns 48,260 shares of the bank’s stock worth $1,861,000 after acquiring an additional 611 shares during the last quarter. Institutional investors own 96.22% of the company’s stock.

Bancorp Company Profile

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.