The Bancorp, Inc. (NASDAQ:TBBK) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research analysts have also commented on TBBK. UBS AG upgraded shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of The Bancorp from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. upgraded shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. ValuEngine upgraded shares of The Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, TheStreet upgraded shares of The Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.75.

The Bancorp (NASDAQ:TBBK) traded down 1.48% during trading on Friday, reaching $7.33. The company’s stock had a trading volume of 54,283 shares. The firm has a 50 day moving average of $7.62 and a 200 day moving average of $6.17. The stock’s market capitalization is $408.70 million. The Bancorp has a 52 week low of $4.41 and a 52 week high of $8.20.

The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The Bancorp had a negative net margin of 16.27% and a negative return on equity of 4.27%. The business had revenue of $45.39 million for the quarter, compared to analyst estimates of $42.40 million. Analysts expect that The Bancorp will post $0.48 EPS for the current year.

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In other The Bancorp news, Director Walter T. Beach sold 33,640 shares of The Bancorp stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $6.26, for a total value of $210,586.40. Following the transaction, the director now owns 362,829 shares in the company, valued at $2,271,309.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Walter T. Beach sold 106,784 shares of The Bancorp stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $7.74, for a total transaction of $826,508.16. Following the completion of the transaction, the director now owns 122,640 shares in the company, valued at approximately $949,233.60. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 104,498 shares of company stock worth $687,987 and sold 286,973 shares worth $1,935,818. Insiders own 12.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TBBK. Sei Investments Co. raised its position 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. Swiss National Bank raised its position 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. Bank of New York Mellon Corp raised its position in The Bancorp by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 337,126 shares of the bank’s stock valued at $1,719,000 after buying an additional 26,826 shares during the period. First Trust Advisors LP raised its position in The Bancorp by 9.4% in the first quarter. First Trust Advisors LP now owns 102,115 shares of the bank’s stock valued at $521,000 after buying an additional 8,778 shares during the period. Finally, Heartland Advisors Inc. raised its position in The Bancorp by 10.4% in the first quarter. Heartland Advisors Inc. now owns 1,698,800 shares of the bank’s stock valued at $8,664,000 after buying an additional 159,497 shares during the period. Hedge funds and other institutional investors own 77.40% of the company’s stock.

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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