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Bancorp (NASDAQ:TBBK) hit a new 52-week low on Friday after the company announced weaker than expected quarterly earnings, American Banking and Market News reports. The stock traded as low as $8.47 and last traded at $8.61, with a volume of 203,232 shares. The stock had previously closed at $8.61.

The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.06.

TBBK has been the subject of a number of recent research reports. Analysts at BTIG Research upgraded shares of Bancorp from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. They now have a $14.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Bancorp in a research note on Thursday, June 12th. They now have a $14.00 price target on the stock, down previously from $18.00. Finally, analysts at Sandler O’Neill downgraded shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Bancorp currently has an average rating of “Hold” and an average target price of $14.00.

The stock has a 50-day moving average of $10.44 and a 200-day moving average of $15.53. The company has a market cap of $325.0 million and a price-to-earnings ratio of 25.40.

The Bancorp, Inc is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (NASDAQ:TBBK).

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