The Bancorp, Inc. (NASDAQ:TBBK) has earned an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $7.42.

Several research analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $6.50 price target on shares of The Bancorp in a research report on Friday. Zacks Investment Research lowered shares of The Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. TheStreet raised shares of The Bancorp from a “d+” rating to a “c-” rating in a research report on Tuesday, June 27th. ValuEngine raised shares of The Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, BTIG Research raised shares of The Bancorp from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Monday, May 1st.

Shares of The Bancorp (NASDAQ:TBBK) opened at 7.60 on Monday. The Bancorp has a one year low of $4.41 and a one year high of $8.20. The company has a 50-day moving average price of $6.63 and a 200 day moving average price of $6.13. The company’s market capitalization is $423.24 million.

The Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $49.10 million during the quarter, compared to analyst estimates of $44.26 million. The Bancorp had a negative net margin of 50.29% and a negative return on equity of 11.95%. On average, analysts forecast that The Bancorp will post $0.39 EPS for the current fiscal year.

In other news, CFO Frenkiel Paul acquired 22,498 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were purchased at an average cost of $6.56 per share, with a total value of $147,586.88. Following the completion of the purchase, the chief financial officer now owns 42,498 shares of the company’s stock, valued at $278,786.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO John Leto acquired 40,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were purchased at an average cost of $6.61 per share, for a total transaction of $264,400.00. Following the completion of the purchase, the chief accounting officer now directly owns 135,762 shares of the company’s stock, valued at approximately $897,386.82. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 104,498 shares of company stock worth $687,987 and have sold 180,189 shares worth $1,109,310. 7.71% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its stake in The Bancorp by 51.8% in the first quarter. American International Group Inc. now owns 30,605 shares of the bank’s stock valued at $156,000 after buying an additional 10,447 shares during the period. Goldman Sachs Group Inc. boosted its stake in The Bancorp by 55.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,510 shares of the bank’s stock valued at $156,000 after buying an additional 10,895 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in The Bancorp by 9.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 37,059 shares of the bank’s stock valued at $189,000 after buying an additional 3,261 shares during the period. Sei Investments Co. boosted its stake in The Bancorp by 380.5% in the first quarter. Sei Investments Co. now owns 54,902 shares of the bank’s stock valued at $280,000 after buying an additional 43,475 shares during the period. Finally, Swiss National Bank boosted its stake in The Bancorp by 43.5% in the first quarter. Swiss National Bank now owns 91,100 shares of the bank’s stock valued at $465,000 after buying an additional 27,600 shares during the period. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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The Bancorp Company Profile

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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