Bancorp Downgraded to Neutral at BTIG Research (TBBK)
Bancorp (NASDAQ:TBBK) was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Shares of Bancorp (NASDAQ:TBBK) opened at 10.40 on Wednesday. Bancorp has a one year low of $13.52 and a one year high of $20.24. The stock’s 50-day moving average is $15.7 and its 200-day moving average is $17.81. The company has a market cap of $392.1 million and a price-to-earnings ratio of 34.54.
Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.27. On average, analysts predict that Bancorp will post $0.61 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TBBK. Analysts at Sterne Agee downgraded shares of Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at TheStreet downgraded shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, analysts at Zacks downgraded shares of Bancorp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 30th. They now have a $14.80 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.80.
The Bancorp, Inc is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (NASDAQ:TBBK).
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