The Bancorp Downgraded to Neutral at Sterne Agee (TBBK)
The Bancorp (NASDAQ:TBBK) was downgraded by analysts at Sterne Agee from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
The Bancorp (NASDAQ:TBBK) traded down 4.40% during mid-day trading on Thursday, hitting $17.62. 190,369 shares of the company’s stock traded hands. The Bancorp has a one year low of $10.39 and a one year high of $19.14. The stock has a 50-day moving average of $17.49 and a 200-day moving average of $16.81. The company has a market cap of $662.9 million and a price-to-earnings ratio of 29.30.
The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.05. Analysts expect that The Bancorp will post $0.64 EPS for the current fiscal year.
The Bancorp, Inc is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (NASDAQ:TBBK).
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