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

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $63.40.

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Keefe, Bruyette & Woods raised Bancorp from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $72.00 to $77.00 in a research report on Thursday, July 9th. Bank of America restated a “buy” rating on shares of Bancorp in a research note on Monday. Weiss Ratings raised Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Zacks Research raised shares of Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd.

Bancorp Stock Performance

TBBK stock opened at $65.73 on Friday. Bancorp has a twelve month low of $50.20 and a twelve month high of $81.65. The business’s fifty day moving average is $59.60 and its 200-day moving average is $59.42. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.74 billion, a P/E ratio of 12.79 and a beta of 1.19.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, April 23rd. The bank reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $132.50 million during the quarter, compared to analyst estimates of $189.17 million. Bancorp had a return on equity of 30.56% and a net margin of 26.92%. Equities research analysts forecast that Bancorp will post 5.95 EPS for the current year.

Insider Activity

In other Bancorp news, CMO Maria Wainwright sold 8,400 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total value of $506,016.00. Following the sale, the chief marketing officer owned 24,942 shares of the company’s stock, valued at approximately $1,502,506.08. This trade represents a 25.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Erika R. Caesar sold 4,470 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.28, for a total value of $269,451.60. Following the completion of the sale, the executive vice president directly owned 32,880 shares in the company, valued at $1,982,006.40. This trade represents a 11.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.00% of the company’s stock.

Institutional Trading of Bancorp

A number of hedge funds have recently added to or reduced their stakes in TBBK. Hilton Head Capital Partners LLC acquired a new stake in shares of Bancorp during the 4th quarter valued at $27,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bancorp by 732.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after acquiring an additional 659 shares during the period. IFP Advisors Inc acquired a new position in shares of Bancorp in the 3rd quarter worth approximately $66,000. Lazard Asset Management LLC acquired a new position in Bancorp in the second quarter valued at $53,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Bancorp during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

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.