The Bancorp, Inc. (NASDAQ:TBBK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $60.20.

Several research analysts have issued reports on the company. William Blair set a $60.00 price target on Bancorp in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bancorp in a research report on Monday, December 29th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $57.00 price target on shares of Bancorp in a research report on Wednesday, January 21st.

Bancorp Price Performance

Shares of Bancorp stock opened at $70.53 on Friday. Bancorp has a 52 week low of $40.51 and a 52 week high of $81.65. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.10 billion, a PE ratio of 14.72 and a beta of 1.27. The company’s 50-day moving average price is $67.96 and its two-hundred day moving average price is $69.82.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data 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). Bancorp had a return on equity of 27.97% and a net margin of 26.15%.The business had revenue of $132.21 million during the quarter, compared to analyst estimates of $101.10 million. As a group, sell-side analysts anticipate that Bancorp will post 5.31 EPS for the current fiscal year.

Insider Activity at Bancorp

In other news, CFO Dominic C. Canuso bought 1,800 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of $61.24 per share, with a total value of $110,232.00. Following the completion of the transaction, the chief financial officer directly owned 3,500 shares in the company, valued at approximately $214,340. The trade was a 105.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Bancorp

Several large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its position in shares of Bancorp by 213.6% in the third quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock worth $26,000 after buying an additional 235 shares during the period. Bessemer Group Inc. lifted 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 acquiring an additional 176 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Bancorp by 732.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after acquiring an additional 659 shares in the last quarter. IFP Advisors Inc acquired a new stake in Bancorp during the 3rd quarter worth about $66,000. Finally, Lazard Asset Management LLC acquired a new stake in Bancorp during the 2nd quarter worth about $53,000. 96.22% of the stock is owned by institutional investors and hedge funds.

About Bancorp

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.