The Bancorp, Inc. (NASDAQ:TBBK) has been assigned an average rating of “Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.75.

A number of brokerages have recently commented on TBBK. BidaskClub upgraded The Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded The Bancorp from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a report on Wednesday, August 2nd. Raymond James Financial, Inc. upgraded The Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, July 31st. UBS AG upgraded The Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $6.50 price objective on shares of The Bancorp in a research report on Friday, July 14th.

In related news, Director Castle Creek Capital Partners purchased 225,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $7.41 per share, for a total transaction of $1,667,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Leo Connolly purchased 40,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was bought at an average price of $6.57 per share, for a total transaction of $262,800.00. Following the completion of the transaction, the executive vice president now directly owns 44,762 shares of the company’s stock, valued at $294,086.34. The disclosure for this purchase can be found here. Insiders acquired 428,198 shares of company stock worth $3,097,087 over the last quarter. Company insiders own 12.40% of the company’s stock.

Large investors have recently made changes to their positions in the business. American International Group Inc. grew its position in The Bancorp by 51.8% in the first quarter. American International Group Inc. now owns 30,605 shares of the bank’s stock valued at $156,000 after acquiring an additional 10,447 shares during the period. Goldman Sachs Group Inc. boosted its stake in The Bancorp by 55.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,510 shares of the bank’s stock worth $156,000 after purchasing an additional 10,895 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in The Bancorp by 0.5% in the second quarter. UBS Asset Management Americas Inc. now owns 22,000 shares of the bank’s stock worth $167,000 after purchasing an additional 117 shares in the last quarter. Voya Investment Management LLC boosted its stake in The Bancorp by 20.4% in the second quarter. Voya Investment Management LLC now owns 24,779 shares of the bank’s stock worth $188,000 after purchasing an additional 4,203 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in The Bancorp by 9.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 37,059 shares of the bank’s stock worth $189,000 after purchasing an additional 3,261 shares in the last quarter. Hedge funds and other institutional investors own 74.94% of the company’s stock.

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The Bancorp (TBBK) opened at 7.85 on Tuesday. The Bancorp has a 12-month low of $4.41 and a 12-month high of $8.20. The stock’s market cap is $437.69 million. The company has a 50-day moving average of $7.66 and a 200 day moving average of $6.37.

The Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The Bancorp had a negative return on equity of 4.27% and a negative net margin of 16.27%. The company had revenue of $45.39 million during the quarter, compared to analyst estimates of $42.40 million. Equities analysts anticipate that The Bancorp will post $0.48 earnings per share for the current year.

About The Bancorp

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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